Location: Ottawa County, OK | Metro: Delaware 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 | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,210 |
| 5 Bedrooms | $1,404 |
| 6 Bedrooms | $1,572 |
| 7 Bedrooms | $1,698 |
| 8 Bedrooms | $1,783 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $144,622 | 0.64% | D |
| 3BR | $1,160 | $215,335 | 0.54% | F |
| 4BR | $1,210 | $303,509 | 0.4% | F |
U.S. Census Bureau data (2024)
The ZIP code 74343, located in Fairland, Oklahoma, within Ottawa County, stands out due to its relatively low median income of $47,829 and median home value of $202,486, which contrasts with the higher rental rate and overall economic conditions of the area. With a population of 3,183, 27.1% of residents are renters, indicating a notable demand for affordable housing options.
In terms of voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $940. This figure is higher than the current market rent of $819, as reported by the Census Bureau's American Community Survey (ACS). The discrepancy suggests that voucher holders can potentially find housing at rates below the FMR, benefiting both tenants and landlords who might otherwise struggle to attract tenants in a lower-income area.
The data signature for ZIP 74343 reads as stable. The median income and home values suggest a consistent economic environment where the majority of homeowners can afford their properties, and the rental market remains steady without significant fluctuations. Landlords and small-portfolio investors should consider the potential benefits of accepting Section 8 vouchers, given the higher FMR compared to the actual market rent, which could help fill vacancies and ensure a steady stream of rental income.
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.