Location: Muskogee County, OK | Metro: McIntosh 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 | $640 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $136,299 | 0.67% | D |
| 3BR | $1,270 | $204,346 | 0.62% | D |
| 4BR | $1,300 | $281,539 | 0.46% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 74426, Checotah, OK, on the axes of yield and stability reveals a mixed picture that leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market.
Starting with yield, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, while the local market rent is lower at $757. Given the median home value of $175,817, the gap between FMR and market rent suggests an opportunity for landlords to potentially charge closer to the FMR rate, thus increasing their rental income yield. However, this potential is tempered by the relatively low percentage of renters in the area, which stands at 23.0%. This indicates that there is a significant portion of homeownership, which could limit the demand for rental properties.
Moving to stability, the data shows a 23.0% rate of renters, which is not exceptionally high but provides a stable base of tenants. The average daily days on market (DOM) is not available, which means we cannot directly assess how quickly properties are rented out. However, the median household income of $48,592 gives us insight into the financial stability of the residents. This figure suggests that tenants have a reasonable level of income to sustain rent payments, contributing to the overall stability of the rental market.
To summarize, the rental market in ZIP 74426 offers a moderate yield potential due to the discrepancy between the FMR and the actual market rent. Landlords can aim for higher rents closer to the FMR to maximize their returns. On the stability front, the presence of a quarter of the population as renters and the median income levels indicate a market where cash flow can be reliably expected. However, the limited number of renters might prevent it from being classified as a high-stability zone. Therefore, this area is best suited for those seeking a balance between yield and stability, making it a good choice for steady-cashflow investments rather than high-risk, high-reward flips.
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.