Location: Okfuskee 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 | $730 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $62,037 | 1.48% | A |
| 3BR | $1,270 | $139,861 | 0.91% | C |
| 4BR | $1,280 | $194,975 | 0.66% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP 74437, located in Henryetta, OK, within the Okfuskee County metro area, does not favor landlords. The Fair Market Rent (FMR) set at $910 for fiscal year 2024 contrasts sharply with the actual market rent reported by the Census ACS, which stands at $736. This discrepancy suggests that landlords may struggle to find tenants willing to pay the higher subsidized rent rates.
Acquisition costs in this ZIP code are relatively low, with a median home value of $105,042. However, the lack of data on days on market (DOM) and the fact that only 0.2% of homes are subject to price cuts indicate a stable but potentially slow-moving market. Landlords should be prepared for a longer wait to sell if they need to exit the market quickly.
Tenant demand in ZIP 74437 is modest. With a total population of 8,937, 30.3% of residents are renters. This means there are approximately 2,708 potential rental households. While this represents a sizeable tenant pool, the limited population growth and relatively low market rents suggest that competition among landlords could be fierce.
In summary, while the acquisition cost is affordable, the mismatch between the FMR and market rent makes it challenging for landlords to maximize their income. Additionally, the modest tenant demand implies that landlords must be prepared to offer competitive rental terms to attract and retain tenants. Overall, ZIP 74437 presents a mixed picture for small-portfolio investors interested in Section 8 properties, with affordability being the primary positive factor.
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.