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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,660 | $175,176 | 0.95% | C |
| 4BR | $1,940 | $220,173 | 0.88% | C |
U.S. Census Bureau data (2024)
The ZIP code 74108 presents a significant opportunity for landlords and small-portfolio investors interested in attracting Section 8 tenants. With a population of 7,315, this area boasts a substantial rental market, as 34.0% of residents are renters. This indicates a robust demand for rental properties, particularly those that can accommodate tenants utilizing housing vouchers.
The median household income in ZIP 74108 is $59,335. The average market rent stands at $1,113 per month, which equates to approximately 19% of the median household income. This percentage suggests that typical rent is a manageable portion of local incomes, making it feasible for many residents to afford rental living without assistance.
However, the Federal Market Rent (FMR) for FY 2024 is set at $1,220, slightly higher than the current market rent. This difference implies that there is potential for an increase in rental rates to align with the FMR, benefiting landlords who have properties certified for Section 8 tenancy.
In terms of tenant profiles, landlords in ZIP 74108 can expect a mix of low-income individuals and families who rely on Section 8 vouchers to subsidize their housing costs. These tenants will likely be seeking affordable housing options within the range of the current market rent and the upcoming FMR.
To summarize, ZIP 74108 is a renter-heavy area with strong demand for housing vouchers. The current market rent is lower than the FMR, indicating room for growth in rental pricing. Landlords should prepare for tenants who are low-income but stable, supported by government subsidies, and looking for homes priced around $1,113 to $1,220 monthly.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.