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 | $890 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,520 | $242,283 | 0.63% | D |
| 4BR | $1,780 | $381,967 | 0.47% | F |
| 5BR | $2,065 | $503,776 | 0.41% | F |
U.S. Census Bureau data (2024)
To integrate ZIP 74134 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. This classification is based on the significant spread between the Fair Market Rent (FMR) and the market rent, as well as the median home value.
The HUD-established FMR for ZIP 74134 in fiscal year 2024 is set at $1080, which is notably lower than the average market rent of $1373. This gap indicates that landlords can secure steady rental income through Section 8 vouchers while still being below the market rate. The difference of $293 per month allows for predictable cash flow, essential for maintaining financial stability within a portfolio.
Furthermore, the median home value in ZIP 74134 stands at $261,457. While this figure is relatively high compared to some other areas, it aligns with the idea of a cash-flow anchor because it suggests a stable housing market with less volatility. Landlords can expect consistent property values and reliable tenant demand.
ZIP 74134 is not an ideal appreciation play due to its low price-cut share of 0.2%. This statistic implies that there is little pressure to reduce asking prices, indicating a lack of rapid growth potential. Additionally, the days on market (DOM) of 35 days is average, not suggesting any extraordinary speed in property sales that would drive appreciation.
Although the renter share of 36.2% and the median income of $73,119 could be seen as diversification factors, they do not outweigh the strong case for cash-flow anchoring. The renter share shows a moderate reliance on rental properties, which is beneficial but not dominant enough to make diversification the primary focus. Median income levels are adequate but not exceptionally high, further supporting the notion that this area is best suited for ensuring regular cash flow rather than speculative growth.
In summary, ZIP 74134 serves as a solid cash-flow anchor within a Section 8 portfolio strategy, thanks to its lower FMR compared to market rents and a stable median home value.
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.