Section 8 Fair Market Rent (FMR) for ZIP 74169 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 74169, located in Okmulgee County, Oklahoma, offers a unique opportunity for real estate investors interested in the Section 8 housing market. The area is characterized by its rural setting and smaller community size, which impacts rental dynamics and property values.

• The Fair Market Rent (FMR) for ZIP 74169 in fiscal year 2024 is set at $1140. This figure represents the maximum amount that landlords can charge for their properties under the Section 8 program.
• Market rent data is currently unavailable for ZIP 74169, making it difficult to compare against the FMR. This lack of data suggests that the rental market in this area may be less active or competitive compared to urban centers.
• The median home value is also not available, indicating that residential property sales data might be sparse or inconsistent. This could mean that the real estate market in 74169 is primarily driven by rentals rather than home purchases.
• Renter share data is unavailable, but given the rural nature of the area, it's likely that a significant portion of residents rely on rental housing, including Section 8 vouchers.
• The days on market (DOM) data is not available, which could imply that listings either move quickly once they appear or that there is limited turnover in the housing market.
• Median income data is unavailable, which is crucial for understanding the economic conditions of potential tenants and the demand for affordable housing options.

Investors looking to enter the Section 8 market in ZIP 74169 should focus on properties that can be rented for or below the FMR of $1140. Given the lack of detailed market data, such as median rents and home values, investors must be prepared for a less predictable market environment. However, the reliance on rental housing suggests a steady demand for affordable units, particularly those eligible for Section 8 subsidies. The scarcity of data points highlights the importance of local market knowledge and networking with local real estate agents to gauge actual rental rates and property values. Despite these challenges, the area presents a niche investment opportunity for those willing to navigate the uncertainties inherent in a smaller, less documented market.

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.