Location: Delaware County, OK | Metro: Delaware County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
The rental market in ZIP code 74345, located in Oklahoma, presents a unique scenario that requires careful consideration for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $940 for the fiscal year 2026, indicating a benchmark for what tenants can afford under federal guidelines. However, the absence of current market rent data suggests either limited availability or an emerging market that hasn't been fully captured by recent surveys.
With the median home value also listed as N/A, it's challenging to assess the broader housing landscape. This lack of information on home values could imply a variety of factors, including a transient population or a mix of housing types that don't conform easily to standard valuation metrics. Similarly, the unknown percentage of renters in the area leaves a significant gap in understanding the long-term housing pressures. Typically, a higher renter share points towards areas with greater housing demand, often due to affordability issues or demographic trends favoring renting over buying.
The N/A days on the market (DOM) for properties indicates a potential issue with tracking property listings, which might suggest rapid turnover or a fragmented real estate market. Rapid turnover can be a sign of strong demand, but without concrete numbers, it's difficult to draw definitive conclusions. The missing data on the share of price cuts also complicates the picture, leaving questions about how aggressively landlords and sellers are competing for tenants and buyers.
In summary, ZIP 74345 appears to be a market in flux, with some indicators pointing towards strong demand, such as the established FMR, while other gaps in data suggest a need for further investigation. For investors, this means staying vigilant and possibly looking beyond traditional metrics to understand the dynamics of the local rental market.
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.