Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 74171 in fiscal year 2024 is set at $1140. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; rather, it's the ceiling for the rent subsidy provided by the Housing Choice Voucher program.
In ZIP 74171, the local market rent data is currently unavailable, which means that the FMR of $1140 serves as a guideline for both landlords and tenants participating in the Section 8 program. The percentage of renters in the area is also listed as N/A, but typically, a higher renter share indicates greater demand for rental properties. This could mean that there is a strong potential for occupancy if your property meets the necessary standards.
The acquisition cost for properties in this ZIP code is similarly marked as N/A, suggesting that specific data on recent property purchases might be limited. However, you should still aim to ensure that the property you're considering meets the required quality and safety standards set by HUD to qualify for Section 8 tenancy. These standards include things like pest control, electrical safety, and general maintenance, which are crucial for both tenant satisfaction and compliance with the program.
A key factor to verify before proceeding with a Section 8 rental is whether your property's rent falls below the $1140 threshold. If your rent is higher than this amount, you may need to adjust it to comply with the program guidelines, or you risk not being able to participate in Section 8 at all. This adjustment ensures that you receive a steady income through the voucher program while providing affordable housing options to eligible tenants.
Data Sources: FMR data from HUD (2027). 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.