Location: Pawnee County, 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 | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,620 | $217,142 | 0.75% | D |
U.S. Census Bureau data (2024)
The ZIP code 74081 encompasses a small, tight-knit community with a total population of 1,829 residents. Only 8.9% of these residents are renters, indicating a predominantly owner-occupied area. The median household income here stands at $52,941, which is modest but sufficient for basic living expenses. The median home value in the region is $199,434, reflecting a middle-class residential environment.
From an investment standpoint, the Fair Market Rent (FMR) for ZIP 74081 is set at $990 for the fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 rental unit. However, the lack of available market rent data makes it challenging to compare the FMR to the local rental market prices directly. Given the low percentage of renters, there might be limited demand for rental properties, including those covered by Section 8 vouchers.
Considering the characteristics of ZIP 74081, it would likely suit a hands-off voucher operator rather than a hands-on value-add buyer. The small number of renters suggests a stable but less dynamic market, where the primary goal should be consistent cash flow rather than aggressive property improvements or renovations. For hands-off operators, the predictability of government-backed rents and the relatively straightforward management of a smaller number of units can provide a reliable investment strategy. Meanwhile, value-add buyers looking for high growth potential through tenant turnover and rental price increases may find fewer opportunities in this setting.
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.