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 | $930 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $122,081 | 0.99% | C |
| 3BR | $1,590 | $178,431 | 0.89% | C |
| 4BR | $1,850 | $266,695 | 0.69% | D |
U.S. Census Bureau data (2024)
The ZIP code 74107 in Tulsa, OK, is a renter-heavy area with significant demand for housing vouchers. With a population of 19,013, nearly half (44.5%) of the residents are renters, indicating a robust rental market. The median household income stands at $53,505, which is crucial when evaluating the affordability of housing in the region.
The typical market rent in ZIP 74107 is $1,027 per month. This represents approximately 19.2% of the median household income, calculated by dividing the monthly rent by the annual median income ($1,027 / $53,505 * 12 months = 19.2%). This figure suggests that rent constitutes a substantial portion of income for many residents, making housing assistance programs particularly relevant.
Comparing the market rent to the Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development, which is $1,080 for FY 2024 in this ZIP code, we see that the market rent is slightly below the FMR. This indicates that landlords can potentially receive higher rents through Section 8 vouchers, which are pegged to the FMR.
Given the high percentage of renters and the relatively low market rent compared to the FMR, landlords in ZIP 74107 can expect a deep voucher demand. Tenants will likely be seeking assistance due to the significant portion of their income dedicated to housing costs. Landlords should prepare for tenants who require housing vouchers to meet their rental obligations, and they should ensure compliance with HUD regulations regarding voucher acceptance and management.
In summary, ZIP 74107 presents a strong opportunity for landlords willing to accept Section 8 vouchers. The high proportion of renters and the need for affordable housing make it a prime location for such investments. Landlords should anticipate working with tenants who rely on vouchers to secure housing, and they should familiarize themselves with the associated administrative processes.
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.