Location: Mayes County, OK | Metro: Mayes County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The ZIP code 74340, located in Mayes County, OK metro, can serve as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the favorable financial metrics that make it an attractive option for steady rental income.
The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $940. In contrast, the current market rent stands at $713. This creates a significant spread of $227 between the FMR and the market rate, which means that landlords participating in the Section 8 program can expect higher rental payments compared to typical market rates. This is particularly beneficial because it ensures that landlords receive a rental amount above what they would usually get, providing a buffer against potential financial uncertainties and ensuring consistent cash flow.
While appreciation plays and diversifiers are important aspects of any real estate investment strategy, the lack of specific data regarding price-cut shares and days on market (DOM) makes it difficult to assess ZIP 74340's potential in these categories. However, the high renter share of 22.6% and a median household income of $46,875 indicate a stable demand for rental properties. This suggests that there is a substantial population relying on rental housing, including those who might benefit from Section 8 assistance, thus supporting the viability of the cash-flow anchor strategy.
In conclusion, ZIP 74340 should be considered as a cash-flow anchor due to the positive spread between the FMR and market rent. This allows landlords to secure higher rents through the Section 8 program while benefiting from a steady tenant base in a region where renting is prevalent.
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.