Section 8 Fair Market Rent (FMR) for ZIP 74332 - 2027

Location: Mayes County, OK | Metro: Tulsa, OK HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$800
1 Bedroom	$810
2 Bedrooms	$1,040
3 Bedrooms	$1,350
4 Bedrooms	$1,440
5 Bedrooms	$1,670
6 Bedrooms	$1,870
7 Bedrooms	$2,020
8 Bedrooms	$2,121

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,690

Median Household Income

$60,781

Housing Units

838

Renter Percentage

13.9%

Occupancy Rate

78.4%

Renter Occupied

Big Cabin, Oklahoma, located in ZIP code 74332, is a small rural community that offers unique opportunities for real estate investors interested in the Section 8 housing market. The area's relatively low market rents and median home values provide a favorable environment for those looking to balance investment costs with potential rental income.

The Fair Market Rent (FMR) for ZIP 74332 for fiscal year 2024 is set at $1140, providing a benchmark for rental properties eligible for Section 8 subsidies.
The Census American Community Survey (ACS) reports the average market rent for the area at $873, indicating a significant gap between subsidized rents and market rates.
The median home value in Big Cabin, OK is $262,372, which is lower compared to many urban areas, making property acquisition more accessible for investors.
Renters make up 13.9% of the population, suggesting a moderate demand for rental units but also highlighting the importance of targeting the right market segment.
The median household income in the area is $60,781, offering insight into the financial capabilities of potential tenants and the broader economic health of the community.

For landlords and small-portfolio investors, the key takeaway is that Big Cabin, OK presents a viable market for Section 8 properties due to the favorable FMR and lower-than-average market rents. The relatively modest median home value supports property acquisition, while the median income level suggests a stable tenant base. However, the moderate renter share indicates the need for strategic selection of properties to meet the specific needs of the subsidized housing market. Overall, the area offers a balanced opportunity for investors seeking a foothold in the affordable housing sector without the risks associated with higher-cost markets.

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.