Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The rent math for ZIP 74068 in Tulsa, OK does not provide clear insights due to the lack of specific market rent data. The Fair Market Rent (FMR) set by HUD for this area for fiscal year 2024 is $890, but without comparative market rent figures, it's challenging to assess the viability of rental income.
Regarding property acquisition affordability, the data is insufficient to draw conclusions. There is no median home value provided, nor any information on the days on market (DOM) or the percentage of homes that have undergone price cuts. This absence of data makes it difficult to evaluate the cost-effectiveness of purchasing properties in this ZIP code.
Tenant demand appears strong in ZIP 74068. With a total population of 94, and 21.3% of residents being renters, there is a notable segment of the population looking for rental housing. However, given the small population size, the number of potential tenants is limited, which could affect the volume of rental applications received.
Verdict: While there is a discernible renter population in ZIP 74068, the lack of detailed market data—specifically around median home values and market rents—makes it hard to definitively advise on investment opportunities. Landlords should proceed cautiously, focusing on areas where they can obtain comprehensive market analysis. The HUD FMR of $890 provides a baseline for rent expectations, but without knowing the actual market rent, it's impossible to confirm if the rent math works favorably. Additionally, the limited data on property acquisition costs suggests that further investigation into local real estate trends is necessary before making investment decisions.
Data Sources: FMR data from HUD (2027). 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.