Section 8 Fair Market Rent (FMR) for ZIP 74150 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 74150, located in Oklahoma, represents a unique market for real estate investment, particularly for those interested in Section 8 housing. This area offers a blend of rural charm and access to urban amenities, making it a viable option for both landlords and small-portfolio investors looking to enter the affordable housing sector.

• The Fair Market Rent (FMR) for ZIP 74150 in fiscal year 2024 is set at $1140. This figure represents the maximum amount that can be charged for a Section 8 voucher holder, providing a clear benchmark for rental pricing.
• The median home value in ZIP 74150 is currently listed as N/A. This indicates a lack of comprehensive data on home values, which could suggest a less active market for homeownership.
• The percentage of renters in ZIP 74150 is also marked as N/A. Without this information, it's challenging to gauge the overall demand for rental properties in the area.
• The Days on Market (DOM) for listings in this ZIP code is noted as N/A, suggesting that there might be limited data available regarding how quickly properties are selling or renting, which could indicate a stable but slow-moving market.
• The median household income for ZIP 74150 is listed as N/A. This missing data point is crucial for understanding the economic backdrop of potential tenants and their ability to afford housing.

Given the data points available, ZIP 74150 presents a market where Section 8 properties are clearly defined by the FMR of $1140, offering a reliable income stream for landlords willing to participate in the program. The lack of detailed information on median home values, renter share, DOM, and median income suggests a less competitive and potentially less researched market, which could present opportunities for investors willing to navigate the uncertainties. However, the absence of these key metrics also highlights the need for thorough local market research before committing to investments in this area.

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.