Location: McIntosh County, OK | Metro: McIntosh County, OK
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 74438 is located in a rural setting primarily encompassing parts of Mayes County, Oklahoma. This area is characterized by a small, close-knit community with a total population of just 447 residents. The demographic makeup shows that only 14.6% of the residents are renters, indicating a predominantly owner-occupied housing market. The median household income in this region stands at $42,656, reflecting a modest economic environment where residents might be sensitive to cost fluctuations.
Despite the low percentage of renters, the rental market in ZIP 74438 has some noteworthy dynamics. According to the Census ACS data, the average market rent is $725 per month. However, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $940, which is significantly higher. This discrepancy suggests that there is room for rental price increases in line with the FMR, potentially offering opportunities for rental property owners to adjust their rates upward without alienating tenants.
Given these conditions, ZIP 74438 would likely appeal more to hands-off voucher operators rather than hands-on value-add buyers. The relatively low number of renters and the modest income levels indicate that the demand for rental properties is limited. Furthermore, the opportunity to leverage the Section 8 program, which caps tenant contributions at 30% of their income, can provide a stable source of rental income. For those considering investing in this area, focusing on properties that qualify for the Section 8 Housing Choice Voucher program could offer a reliable investment strategy.
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.