Location: Pawnee County, OK | Metro: Pawnee County, OK HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $80,584 | 1.14% | B |
| 3BR | $1,230 | $165,387 | 0.74% | D |
| 4BR | $1,530 | $246,775 | 0.62% | D |
U.S. Census Bureau data (2024)
The Section 8 thesis for ZIP code 74058 is centered around the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR stands at $890, while the Census American Community Survey (ACS) reports the market rent at $807. This creates a gap of $83, which represents an approximately 10.3% difference between the two figures.
Given that the FMR exceeds the market rent, landlords and small-portfolio investors can leverage this situation to enhance their yields. Voucher tenants, who benefit from government subsidies, provide a steady and predictable income stream. The guaranteed payment of $890 per month under the Section 8 program ensures that landlords receive more than what they would typically collect from open-market renters paying $807. This higher rental income can significantly improve the cash flow and overall profitability of properties in this area.
The ZIP code 74058 has a relatively low percentage of renters at 25.4%, indicating that homeownership is prevalent. With a median home value of $148,792 and a median household income of $48,520, the area suggests a moderate economic profile where affordable housing options are crucial. The Section 8 program helps fill this need by subsidizing rents for low-income families, making it easier for them to find suitable accommodation.
Investing in Section 8 properties in this ZIP code presents a unique opportunity for landlords. They can capitalize on the higher FMR payments while offering affordable housing to those who need it most. Additionally, the stability associated with voucher tenants reduces the risk of vacancy and rent delinquency, providing a reliable source of income in a competitive rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.