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 |
ZIP code 74192 falls within the Tulsa, OK HUD Metro Fair Market Rent (FMR) area. The FMR for ZIP 74192 is set at $1140 for fiscal year 2024. This figure represents the maximum amount that a low-income household participating in the Section 8 program can be charged for rent.
To contextualize 74192 within the broader Tulsa, OK HUD Metro FMR Area, we need to consider the typical characteristics of ZIP codes in this region. Unfortunately, specific comparative figures for market rents, home values, and renter shares for typical ZIP codes in the Tulsa area are not provided. However, we can make some inferences based on the available data.
The absence of market rent data for 74192 suggests it might not be a highly sought-after area where landlords can charge significantly above the FMR. Similarly, the lack of home value information indicates that residential properties in this ZIP code could be less valuable compared to other areas in the metro, possibly due to lower demand or fewer amenities.
The unknown percentage of renter share also limits our ability to fully assess the rental market dynamics. In general, a higher renter share with below-average home values can indicate a Section 8 sweet spot, but without definitive numbers, we cannot conclusively state this for ZIP 74192.
Given the FMR of $1140 and the lack of additional data, it is reasonable to infer that ZIP 74192 may represent a value pocket within the Tulsa metro. Landlords and small-portfolio investors looking for opportunities in affordable housing markets should find this ZIP code particularly attractive, as it offers a defined and stable rental income through the Section 8 program without the inflated costs sometimes associated with more desirable neighborhoods.
To make a more precise determination, further research into market rents and home values for typical ZIP codes in the Tulsa area would be necessary. Comparing these metrics to the known FMR of 74192 will provide a clearer picture of its standing within the metro.
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.