Location: Muskogee 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 | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $190,294 | 0.68% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 74445 in Muskogee County, Oklahoma, reveals several key points that are crucial for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for ZIP 74445 in fiscal year 2024 is set at $920. In contrast, the market rent based on Census ACS data stands at $871. This indicates that while the FMR is slightly higher, it closely aligns with the actual market conditions, making it feasible for landlords to charge rents around the FMR without significant resistance from tenants.
Regarding the affordability of acquisition, the median home value in ZIP 74445 is $191,597. However, due to the lack of data on days on market (DOM) and the percentage of homes that have been discounted, it's challenging to provide a comprehensive assessment. Nonetheless, the median home value suggests that property acquisition remains within a reasonable range for many investors, especially given the relatively low cost compared to larger metropolitan areas.
Tenant demand is another critical factor. With a total population of 3,051, approximately 27.5% of residents are renters. This translates to roughly 840 individuals who are actively seeking rental housing. Given the size of the population and the proportion of renters, there is a stable demand for rental properties, which bodes well for maintaining occupancy rates and steady cash flow.
In summary, the rent math in ZIP 74445 works reasonably well, with the FMR being slightly above but close to the market rent. Property acquisition is affordable, though additional data on DOM and price cuts would be beneficial. Tenant demand is solid, with a significant portion of the local population being renters. These factors collectively make ZIP 74445 a viable investment opportunity for landlords and small-portfolio investors looking to enter the Muskogee County market.
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.