Location: Mayes 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 | $720 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $143,922 | 0.64% | D |
| 3BR | $1,210 | $215,303 | 0.56% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 74365, Salina, OK, is set at $940 for the fiscal year 2026. This figure represents the payment standard for Section 8 housing assistance in the area, meaning that if you participate in the program, the government will pay up to $940 per month for a unit of your property. However, it's important to note that this is not the rent you can charge tenants; it's the maximum amount the government will contribute toward rent.
To put this into perspective, the average rent for ZIP 74365 is currently $678, according to recent Census American Community Survey (ACS) data. This suggests that the FMR is higher than the typical market rate, which could be beneficial for landlords participating in Section 8.
The renter share in Salina, OK, is 22.0%, indicating that there is a moderate demand for rental properties in the area. This percentage shows the proportion of residents who rent rather than own their homes. Given the FMR is above the average local rent, this could mean that there are opportunities to attract tenants who might otherwise struggle to find affordable housing.
If you're looking to acquire a property for a Section 8 rental, the median home value in the area is around $190,819. This figure gives you an idea of the price range you should expect when purchasing a property in ZIP 74365. It's crucial to understand that while the FMR is a significant factor in determining your monthly income, the initial investment cost is also a critical consideration.
Before you decide to enter the Section 8 market, one key thing to verify is whether your property meets the Housing Quality Standards (HQS). These standards ensure that the rental units are safe, decent, and sanitary. The government will inspect your property to make sure it complies with these standards, so it's wise to conduct your own inspection beforehand to avoid any surprises.
In summary, the FMR of $940 provides a solid baseline for the government's contribution towards rent, surpassing the local average of $678. With a 22.0% renter share, there is a reasonable demand for rental properties, and the median home value of $190,819 offers insight into the acquisition costs. Ensuring your property meets HQS is essential before committing to a Section 8 rental.
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.