Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
The Fair Market Rent (FMR) for ZIP code 74067 in Oklahoma for fiscal year 2024 is set at $1040. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is also known as the Housing Choice Voucher Program. It's important to note that this is not the rent you will receive; it is the payment standard used by the government to determine the subsidy amount.
Local average rents are currently listed as N/A, making direct comparisons challenging. However, the FMR provides a benchmark for landlords to ensure they are not overcharging tenants who participate in the Section 8 program.
The percentage of renters in the area is N/A%, indicating a significant portion of the population relies on rental housing. This suggests there could be strong demand for Section 8 rentals, particularly if your property meets the necessary requirements and is well-maintained.
The median home value in ZIP 74067 is N/A, which can help inform acquisition costs for potential properties. While this does not directly correlate to rental property values, it can provide insight into the overall economic landscape of the area.
Before committing to a Section 8 rental, verify that your property complies with the Housing Quality Standards (HQS). These standards ensure the safety and habitability of the property, and failing to meet them can result in penalties or loss of voucher funding.
Data Sources: FMR data from HUD (2027).
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.