Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| 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 |
The ZIP code 74182 is situated in a part of Tulsa, Oklahoma, where specific demographic details such as population size, percentage of renters, median income, and median home value are currently unavailable. This lack of precise data makes it challenging to provide a detailed economic portrait of the area.
However, for Section 8 investors, the key metric is the Fair Market Rent (FMR), which stands at $1140 for ZIP code 74182 in fiscal year 2024. While the exact market rent figures are also not available, the FMR provides a benchmark for rental prices in the area. The FMR is set by the U.S. Department of Housing and Urban Development (HUD) and represents the maximum amount that can be charged for a unit under the Section 8 program.
Given the limited availability of specific data, ZIP code 74182 may suit a hands-off voucher operator who relies on government subsidies to manage their investment properties. However, for a hands-on value-add buyer, more detailed local market analysis would be necessary to identify opportunities for improving property values and rental yields.
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.