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 | $940 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $187,450 | 0.81% | C |
| 4BR | $1,760 | $229,729 | 0.77% | D |
U.S. Census Bureau data (2024)
The ZIP code 74146, located in Tulsa, OK, offers a strategic opportunity for inclusion in a Section 8 portfolio due to its characteristics as a cash-flow anchor. The HUD Fair Market Rent (FMR) for FY 2024 in this area is set at $1050, which exceeds the current market rent of $1,033. This positive spread ensures that landlords can rely on steady, government-backed rental income that is slightly higher than what they might receive from private tenants.
Furthermore, the median home value in ZIP 74146 stands at $183,633, indicating that this is an area where homeownership is accessible but not necessarily the primary choice for residents. With a 61.6% renter share, there is a strong demand for rental properties, particularly those that cater to the low-income bracket served by Section 8 vouchers.
The median income in the area is $46,865, suggesting that a significant portion of the population relies on affordable housing options such as Section 8. Given the 0.2% price-cut share and the N/A-day days on market (DOM), it appears that the housing market in 74146 is stable, with little need for aggressive price reductions to attract buyers. This stability supports the notion that 74146 is better suited for generating consistent cash flow rather than speculative appreciation plays.
Including 74146 in a Section 8 portfolio would provide a reliable base for cash flow, as the government guarantees the payment of the voucher amount, which is higher than the typical market rent. This makes it less risky compared to areas where market rents are unpredictable or lower than the FMR. Additionally, the high renter share indicates that the demand for rental properties will remain robust, making this ZIP code an ideal anchor for any Section 8-focused investment strategy.
Landlords and small-portfolio investors should consider 74146 as a core component of their Section 8 holdings, leveraging the guaranteed income and stable market conditions to build a solid financial foundation. The slight premium over market rent ensures that the property remains competitive and attractive to potential tenants while also providing a buffer against economic downturns.
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.