Location: Mayes County, OK | Metro: Craig County, OK
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $194,911 | 0.49% | F |
| 3BR | $1,260 | $265,226 | 0.48% | F |
| 4BR | $1,300 | $395,825 | 0.33% | F |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 74330, which encompasses Adair, OK, and the Mayes County metro area, presents a favorable environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the region is set at $960 for the fiscal year 2026, a figure that exceeds the Census ACS-reported average market rent of $906. This suggests that voucher tenants will generally cashflow at the HUD FMR, providing a reliable source of income for property owners.
To further analyze the investment potential, consider the median home value in the area, which stands at $246,145. Using this figure, we can derive the rent-to-price ratio. At an average rent of $906, the annual rent would be approximately $10,872. Dividing this by the median home value yields a rent-to-price ratio of about 4.4%, indicating a modest but steady return on investment relative to property values.
While the data does not provide a specific median days on market (DOM) or the percentage of homes that required price cuts, these metrics are typically less relevant in rental markets compared to buying dynamics. However, the absence of significant price-cutting activity (only 0.2%) suggests a stable housing market, which can contribute positively to long-term rental investments by ensuring consistent demand.
In conclusion, the strongest angle for investors in ZIP 74330 is cashflow, given the positive difference between HUD FMR and market rents. This allows landlords to secure a steady stream of income above the typical market rates, making it an attractive area for those focused on generating rental income rather than relying solely on property appreciation or stability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.