Location: Muskogee County, OK | Metro: Fort Smith, AR-OK MSA
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 | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $960 | $154,797 | 0.62% | D |
| 3BR | $1,280 | $215,719 | 0.59% | F |
U.S. Census Bureau data (2024)
Gore, OK, located in ZIP code 74435, is a small rural community with a total population of 3,042 residents. The area has a relatively low percentage of renters at 19.5%, indicating that it is primarily composed of homeowners. The median household income in this ZIP code stands at $53,580, suggesting that while not affluent, the community maintains a modest economic status. Median home values in Gore, OK are set at $201,740, which reflects the typical cost of homeownership in the region.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 74435 for fiscal year 2024 is established at $890. This figure represents the government's benchmark for rental affordability and is used to determine the amount of Section 8 vouchers issued to tenants. In contrast, the average market rent for the area, according to the latest Census American Community Survey (ACS) data, is $791. This indicates that there is a potential margin of $99 per month for landlords participating in the Section 8 program, allowing them to receive slightly higher rents than the current market rate.
The difference between the FMR and the actual market rent suggests that Gore, OK could be an attractive location for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the guaranteed rent through Section 8 vouchers provides a stable income stream, albeit with the administrative overhead of managing a subsidized property. On the other hand, value-add buyers might find opportunities to improve properties and command rents closer to the FMR, thus maximizing their returns while still benefiting from the Section 8 program.
In summary, Gore, OK offers a modest living environment with a slight premium for Section 8 landlords over the market rent. This makes it a viable option for investors looking to balance risk and reward in a smaller, less densely populated area.
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.