Location: Ottawa County, OK | Metro: Craig 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 | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $760 | $51,713 | 1.47% | A |
| 2BR | $990 | $79,316 | 1.25% | A |
| 3BR | $1,250 | $146,234 | 0.85% | C |
| 4BR | $1,300 | $245,371 | 0.53% | F |
| 5BR | $1,508 | $313,945 | 0.48% | F |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 74354 in Miami, OK, reveals a mixed picture when comparing Federal Market Rent (FMR) to market rent. Using the annualized 2BR FMR of $1,000 for FY 2026, the implied gross yield is approximately 7.9%. This calculation is derived by multiplying the monthly FMR of $1,000 by 12 months and dividing by the median home value of $126,407.
In contrast, using the Census ACS reported market rent of $830, the implied gross yield drops to about 6.6%. This figure is calculated similarly, by annualizing the $830 market rent and comparing it to the median home value.
The difference between these two yields highlights the potential discrepancy between government-set rents and actual market conditions. Given the 36.8% renter density in the area, it's important to consider that a significant portion of the population is already租房市场的情况。考虑到该地区36.8%的租房密度，以及平均待售时间为60天，使用市场租金$830来计算毛收益率更为现实。虽然Section 8计划提供的租金为$1,000，但实际市场情况可能会影响这一数字的有效性。投资者需要根据这些数据进行自己的净运营收入(NOI)计算，以确定最合适的投资策略。总的来说，尽管Section 8计划可能提供较高的租金，但市场租金更能反映当前的投资回报率。
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.