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 | $980 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,040 | $133,640 | 0.78% | D |
| 2BR | $1,270 | $222,931 | 0.57% | F |
| 3BR | $1,660 | $279,859 | 0.59% | F |
| 4BR | $1,940 | $739,692 | 0.26% | F |
| 5BR | $2,250 | $1,130,948 | 0.2% | F |
U.S. Census Bureau data (2024)
The ZIP code 74105, located in Tulsa, OK, falls within the broader Tulsa, OK HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1,130. Comparatively, the average market rent for the area is $1,467, indicating that 74105 offers rental properties at a discount of about $337 per month against the average market rate. The median home value in 74105 is $292,238, which is lower than the typical home values within the metro area, suggesting a potential affordability advantage for both renters and owners.
The renter share in ZIP 74105 stands at 45.7%, which is notably higher than the average renter share for the Tulsa, OK HUD Metro FMR Area. This combination of a relatively low home value and a high renter share points towards 74105 being a value pocket within the metro. Landlords and small-portfolio investors should find this ZIP code attractive for properties that can benefit from the Fair Market Rent subsidies, particularly given the significant gap between the FMR and the market rent.
In summary, ZIP 74105 represents an opportunity for those looking to enter the Section 8 housing market in Tulsa, OK. With its lower-than-average home values and higher-than-average renter share, it provides a clear path for leveraging the FMR subsidies effectively. Investors should consider this area as a strategic point where they can attract tenants eligible for Section 8 assistance without compromising on the overall profitability of their investment portfolio.
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.