Location: Muskogee County, OK | Metro: Okmulgee County, OK HUD Metro FMR Area
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 | $990 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,640 | $243,834 | 0.67% | D |
U.S. Census Bureau data (2024)
The ZIP code 74422 stands out due to its unique demographic and economic characteristics. With only 841 residents, it has a notably low rental rate at 10.0%, indicating that most of the population owns their homes. The median income for the area is $46,563, which is relatively modest compared to national averages. However, the median home value is significantly higher at $201,146, suggesting that homeownership is a significant factor in the local economy.
In terms of Section 8 housing vouchers, the Fair Market Rent (FMR) for ZIP 74422 in fiscal year 2024 is set at $1,280. This figure is above the market rent of $1,125, as reported by the Census Bureau's American Community Survey. Landlords participating in the Section 8 program can expect to receive slightly above-market rents, which could help offset any potential administrative costs associated with the program.
The data signature for ZIP 74422 reads as stable. The low rental rate combined with a higher median home value indicates a community where homeownership is the dominant housing type. While the median income is not particularly high, the modest gap between the FMR and market rent suggests that the local housing market is not experiencing rapid changes that would disrupt the stability of the rental sector. For small-portfolio investors and landlords, this ZIP code offers a predictable environment for Section 8 properties, with a slight premium over market rates providing a margin of financial security.
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.