Location: Delaware 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 | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,230 |
| 5 Bedrooms | $1,427 |
| 6 Bedrooms | $1,598 |
| 7 Bedrooms | $1,726 |
| 8 Bedrooms | $1,812 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $191,244 | 0.48% | F |
| 3BR | $1,180 | $293,687 | 0.4% | F |
U.S. Census Bureau data (2024)
The primary reason to include ZIP 74346 in a Section 8 portfolio is its cash flow potential. The Fair Market Rent (FMR) for the Delaware County, OK metro area in fiscal year 2026 is set at $940, while the market rent stands at $821. This creates a spread of $119, allowing landlords to potentially earn above-market rents through Section 8 contracts.
In conclusion, ZIP 74346 provides a solid foundation for diversification within a Section 8 portfolio. Its moderate spread between FMR and market rent, coupled with a significant renter share and median income levels, ensures steady cash flow and reduces overall risk. However, appreciation potential is limited, making it more suited for those looking to stabilize their investments rather than chase rapid growth.
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.