Location: Mayes County, OK | Metro: Mayes County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The ZIP code 74367 presents a unique market dynamic that is worth analyzing for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $980 for fiscal year 2026, which gives an immediate insight into the rental value expectations in the region. While the exact market rent is currently unavailable, the FMR serves as a benchmark for rental pricing.
The median home value in ZIP 74367 is listed at $249,990. This figure, combined with the lack of available data on price-cut shares and days on market (DOM), suggests a relatively stable housing market. However, the absence of these metrics also indicates that there might be limited recent activity in terms of property sales, making it challenging to assess the immediate supply-demand balance solely through these means.
A critical metric for understanding the long-term housing pressures is the renter share, which stands at 1.8%. This percentage is notably low, indicating that a vast majority of residents in ZIP 74367 prefer homeownership over renting. Such a low renter share can imply several things: first, it may suggest that the area has a strong preference for owner-occupied homes, which could mean that the local economy supports home purchases. Second, it points towards potential long-term stability in housing values, as the demand for rentals is not driving up property prices.
While we cannot definitively state whether supply outpaces demand or vice versa without additional data on recent sales trends, the low renter share does indicate that the market leans heavily towards homeowners. This characteristic could make the area less attractive for large-scale rental investments but could still present opportunities for landlords who focus on providing high-quality rental units that cater to the specific needs of the community.
The snapshot of the data suggests a market that is in motion, influenced by broader economic factors and individual preferences. For small-portfolio investors, understanding these dynamics is crucial for making informed decisions about investment opportunities. The reliance on homeownership rather than rentals implies a need to focus on properties that offer long-term stability and value, aligning with the predominant local housing preferences.
Data Sources: FMR data from HUD (2027). 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.