Location: Tulsa, OK | Metro: Tulsa, 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 | $890 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $156,405 | 0.74% | D |
| 3BR | $1,520 | $242,910 | 0.63% | D |
| 4BR | $1,780 | $354,457 | 0.5% | F |
| 5BR | $2,065 | $474,189 | 0.44% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 74063, located in Sand Springs, OK, within the Tulsa County County, Tulsa, OK HUD Metro FMR Area, reveals several key points for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $1110 for the fiscal year 2024, while the market rent, as measured by ZORI (Zillow Observed Rent Index), stands at $1051.
Voucher tenants will generally cashflow positively at the HUD FMR rate of $1110. This is because the FMR exceeds the average market rent, indicating that landlords can expect to cover their costs and generate a profit when renting to Section 8 tenants. However, the difference is relatively small, suggesting that landlords might need to ensure their expenses do not exceed the FMR to maintain positive cashflow.
The median home value in ZIP 74063 is $233,667. Using the HUD FMR of $1110, we can calculate the rent-to-price ratio. This ratio is approximately 0.47%, which is indicative of a stable rental market where the cost of renting is relatively low compared to the cost of owning a home. This ratio supports the idea that rental properties are a sound investment in this area.
The median days on market (DOM) for homes in this ZIP code is 44 days, and the percentage of listings that have been price-cut is 0.2%. These metrics suggest a strong rental market where demand for housing outpaces supply, making it less likely that landlords will face prolonged vacancies or need to reduce rental rates to attract tenants.
In conclusion, the strongest angle for Section 8 investors in ZIP 74063 is cashflow. Given the positive spread between the HUD FMR and the market rent, along with the low rent-to-price ratio and robust demand for housing, investors can expect steady, reliable income from their properties without significant risk of vacancy or rate adjustments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.