Location: Payne 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 | $720 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $98,246 | 0.94% | C |
| 3BR | $1,270 | $182,823 | 0.69% | D |
U.S. Census Bureau data (2024)
27.6% of residents in ZIP code 74085 rely on rental housing, indicating a significant demand for properties in this area. The $900 Fair Market Rent (FMR) set for fiscal year 2024 highlights the government's benchmark for rental affordability, which is notably higher than the $775 market rent reported by the Census Bureau's American Community Survey. This discrepancy suggests that landlords participating in the Section 8 program can expect a more stable and consistent income compared to the average market conditions.
The median home value in ZIP 74085 stands at $156,297, offering a clear snapshot of the property values in this region. For landlords considering investment properties, this figure serves as a valuable reference point for both purchase and resale considerations. Additionally, the median income of $43,600 provides insight into the financial capacity of potential tenants, further supporting the viability of rental investments in this area.
Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the overall economic indicators suggest a robust rental market. Landlords can leverage the higher FMR compared to the market rent to secure steady tenancy through the Section 8 program, ensuring long-term stability and profitability.
In conclusion, the combination of a high FMR relative to market rent and a solid median home value makes ZIP 74085 an attractive option for landlords and small-portfolio investors looking to enter the Section 8 housing market. With 27.6% of the population renting, there is ample opportunity for sustainable returns. Section 8 verdict: Investment-worthy.
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.