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 | $920 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,560 | $272,809 | 0.57% | F |
| 4BR | $1,820 | $481,693 | 0.38% | F |
U.S. Census Bureau data (2024)
ZIP 74131, located in Tulsa, OK, fits well into a Section 8 portfolio strategy as a cash-flow anchor. According to the HUD Metro FMR Area data for fiscal year 2024, the Fair Market Rent (FMR) for a two-bedroom unit in this area is $1130. In comparison, the market rent for a similar unit is $975, indicating a spread of $155 in favor of FMR. This positive spread ensures that landlords receive a higher rent payment through the Section 8 program than what they would typically receive from market-rate tenants.
The median home value in ZIP 74131 is $277,145, which is relatively stable and suggests that the housing market is not experiencing significant fluctuations. While there is no specific data available on price-cut shares or days on market (DOM) for this ZIP code, the stability of the median home value supports the notion that this area is better suited for generating steady rental income rather than being an appreciation play.
ZIP 74131 has a renter share of 18.5%, indicating that a significant portion of the population is already renting. The median income in the area is $76,382, which is above the national average, further supporting the viability of Section 8 properties. Landlords can confidently rely on the consistent demand for rental properties in this area, making it a reliable cash-flow anchor within a diversified investment portfolio.
By focusing on ZIP 74131 as a cash-flow anchor, landlords can ensure a stable and predictable income stream. The higher FMR compared to market rent provides a buffer against potential market downturns, while the steady renter share and median income levels offer reassurance about the ability of tenants to meet their obligations. This approach allows landlords to balance risk and reward, leveraging the Section 8 program's financial guarantees to maintain strong cash flow.
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.