Section 8 Fair Market Rent (FMR) for ZIP 74147 - 2027

Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$960
1 Bedroom	$1,020
2 Bedrooms	$1,240
3 Bedrooms	$1,630
4 Bedrooms	$1,900
5 Bedrooms	$2,204
6 Bedrooms	$2,468
7 Bedrooms	$2,665
8 Bedrooms	$2,798

To determine if you should invest in ZIP code 74147 for Section 8 properties, follow this decision tree:

Step 1: Debt Service Coverage Ratio (DSCR)

The Fair Market Rent (FMR) for ZIP 74147 in fiscal year 2024 is $1140. Without specific property values or debt service costs, we cannot definitively calculate if this FMR clears the debt service. However, you can use this figure to assess individual properties.

Step 2: Market Rent Comparison

The market rent for ZIP 74147 is not provided. To make an informed decision, compare the $1140 FMR with the average market rent. If the market rent is significantly higher, Section 8 properties might underperform. If it's equal to or slightly below the FMR, Section 8 could be competitive.

Step 3: Rental Demand

The percentage of renters and days on market (DOM) for ZIP 74147 are also unspecified. For a strong investment case, you want a high percentage of renters and low DOM. This indicates robust demand for rental properties. Without these figures, it's difficult to gauge demand accurately.

Decision Tree Branches:

If the DSCR is positive: Yes, consider buying. The FMR covers your debt service.
If the DSCR is negative: No, do not buy. The FMR does not cover your debt service.
If market rent is above FMR: It depends. Consider other factors like vacancy rates and competition.
If market rent is equal to or below FMR: Yes, Section 8 could be competitive.
If rental demand is high (high renter percentage, low DOM): Yes, there is sufficient demand.
If rental demand is low (low renter percentage, high DOM): No, demand is insufficient.

Note that without specific property values and market data, these decisions rely on general principles. Always conduct thorough due diligence before making an investment.

Data Sources: FMR data from HUD (2027).

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.