Section 8 Fair Market Rent (FMR) for ZIP 74402 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$730
2 Bedrooms	$950
3 Bedrooms	$1,200
4 Bedrooms	$1,360
5 Bedrooms	$1,578
6 Bedrooms	$1,767
7 Bedrooms	$1,908
8 Bedrooms	$2,003

It appears that the direct fetch of the ZIP code details for 74402 was obstructed due to security measures. However, based on the available data and the context provided, we can still conduct an analysis focusing on the known parameters.

The Section 8 program in ZIP code 74402, Muskogee, OK, is centered around the Fair Market Rent (FMR) which is set at $950 for the metro area in fiscal year 2026. Given that the market rent data is currently unavailable, we cannot provide a precise dollar figure for the gap between the FMR and the actual market rents. Nevertheless, if the FMR is higher than the market rent, this makes the ZIP code a prime yield play for landlords who accept Section 8 vouchers.

In such a scenario, landlords would be able to receive a rental payment that exceeds the local market rate, thus ensuring a higher return on investment. Conversely, if the FMR is lower than the market rent, accepting Section 8 tenants means landlords will have to rent properties below the open-market rates, which could result in a reduced yield.

The lack of specific figures for the percentage of renters, median home value, and median income in ZIP 74402 limits the depth of our analysis. However, it is important to note that without these metrics, it is challenging to fully assess the financial landscape of the area and how it might impact the attractiveness of Section 8 rentals.

To summarize, the viability of Section 8 rentals in ZIP 74402 depends heavily on whether the FMR of $950 aligns with or surpasses the actual market rents. Landlords should carefully consider their investment goals and the potential impact on yields before deciding to participate in the Section 8 program.

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.