Location: Mayes County, OK | Metro: Tulsa, 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 | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $178,399 | 0.57% | F |
| 3BR | $1,270 | $227,838 | 0.56% | F |
| 4BR | $1,330 | $359,176 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 74441, located in Hulbert, OK, falls within the Mayes County, OK metro area. When analyzing the key metrics of this ZIP code, it becomes evident that it presents unique characteristics compared to the typical ZIP codes within Mayes County.
Firstly, the Fair Market Rent (FMR) for ZIP 74441 stands at $1150 for fiscal year 2024. This figure is notably higher than the average market rent of $822, indicating that properties in this ZIP are valued more highly in terms of rental rates. However, the median home value of $208,821 is lower than the typical home values seen in other parts of Mayes County, suggesting that while rents are higher, the property values are relatively more affordable.
The renter share in ZIP 74441 is 14.0%, which is higher than the average renter share of Mayes County. According to the data from USHousingData.com, the average FMR for two-bedroom housing in Mayes County is $910, which is lower than the FMR in ZIP 74441. This indicates that ZIP 74441 has a higher proportion of renters and potentially higher demand for rental properties compared to the broader Mayes County.
To further contextualize, let's examine the data more closely. The FMR being higher than the market rent suggests that there might be a segment of the population, such as those receiving housing assistance, willing to pay more for rent. This dynamic could be particularly attractive to landlords who participate in the Section 8 program, as they can potentially secure higher rents while still providing affordable housing options.
In summary, ZIP 74441 appears to be a value pocket within the Mayes County, OK metro. It offers a balance of higher rental rates relative to market conditions and lower home values, which is indicative of an area that could be advantageous for landlords and investors interested in the Section 8 program. The higher-than-average renter share, coupled with lower home values, supports this inference, highlighting a potential sweet spot for affordable housing investment.
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.