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 | $940 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,220 | $104,623 | 1.17% | B |
| 3BR | $1,600 | $102,364 | 1.56% | A+ |
| 4BR | $1,870 | $124,169 | 1.51% | A+ |
U.S. Census Bureau data (2024)
The analysis of ZIP code 74126 in Tulsa, OK, reveals several key points that landlords and small-portfolio investors should consider. First, let's examine if the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $890. In contrast, the market rent, as indicated by ZORI, stands at $1,186. This means that landlords can expect to charge approximately $296 more per month than the FMR, which suggests that the rent math does indeed work in favor of the landlord.
Moving on to the affordability of acquisition, the median home value in ZIP 74126 is $85,584. While the days on market (DOM) and price-cut share are not available, the relatively low median home value indicates that acquiring properties in this area could be financially feasible for investors looking to enter the market without significant capital outlay. This makes it a potentially attractive option for those seeking to build their portfolio in an affordable manner.
Regarding tenant demand, the population of ZIP 74126 is 9,920, with 39.8% of residents being renters. This substantial renter share implies a robust tenant base, ensuring that there will likely be consistent demand for rental properties. Landlords can expect a steady stream of potential tenants given the high percentage of renters in the area.
In conclusion, ZIP 74126 presents a favorable scenario for landlords and small-portfolio investors. The rent math works well, allowing for a premium over the FMR. Acquisition costs are manageable with a median home value of $85,584. Furthermore, there is a strong tenant demand due to the significant renter share of 39.8%. These factors collectively suggest that investing in this area is likely to be profitable and sustainable.
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.