Location: Okmulgee County, OK | Metro: Okmulgee County, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The classification of ZIP code 74431, located in Oklahoma, hinges on its yield and stability metrics. Yield, in this context, is driven by the Federal Market Rent (FMR) which stands at $900 for fiscal year 2024, compared to the local market rent of $843. The lack of specific home values makes it challenging to assess potential appreciation gains, but the higher FMR suggests a positive rental yield.
Stability is assessed through the percentage of renters (17.2%), the median income ($64,821), and the absence of data regarding days on market (DOM). A lower percentage of renters indicates that the majority of residents are homeowners, which can contribute to a stable neighborhood. However, the relatively low median income suggests that the population might be more sensitive to economic fluctuations, potentially impacting rental demand and stability.
Given these factors, ZIP 74431 leans towards being a steady-cashflow zone. The modest difference between the FMR and market rent, along with the higher proportion of homeowners, points towards a market where steady, reliable cash flow is more likely than high-risk, high-reward scenarios typical of flip-style markets. The rental yield is positive, but the stability metrics suggest a cautious approach rather than aggressive investment strategies.
To summarize, the key figures driving this assessment are:
These indicators point to a market suitable for those seeking consistent returns over time rather than rapid capital gains.
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.