Location: Okmulgee 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 | $740 |
| 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 | $58,108 | 1.58% | A+ |
| 3BR | $1,270 | $126,954 | 1% | B |
| 4BR | $1,280 | $200,901 | 0.64% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP 74447, located in Okmulgee, OK, reveals insights critical for landlords and small-portfolio investors considering investment in this area. The Fair Market Rent (FMR) for ZIP 74447 in fiscal year 2024 is set at $890. This figure must be compared against the market rent reported by the Census ACS, which stands at $839. Given that the FMR exceeds the market rent by $51, the rent math does not work in favor of landlords seeking to maximize their rental income according to HUD guidelines.
Regarding acquisition affordability, the median home value in ZIP 74447 is $104,191. This relatively low price point suggests that acquiring properties could be affordable. However, the lack of data on days on market (DOM) and the fact that only 0.3% of listings required a price cut indicate a stable market with little fluctuation. Investors should proceed cautiously, as these factors suggest limited opportunities for significant discounts during property acquisitions.
Tenant demand is another crucial factor. ZIP 74447 has a total population of 15,786, with 38.8% of residents being renters. This means that approximately 6,120 individuals are actively seeking rental housing, indicating a steady demand for rental properties. The high renter share supports the idea that there is a viable market for landlords in this area.
In summary, while the rent math does not align favorably with HUD's Fair Market Rent, the median home value indicates an affordable acquisition cost for potential investments. The stable market conditions and high renter share suggest a consistent demand for rental properties, making ZIP 74447 a reasonable consideration for investors willing to operate below HUD's FMR. Landlords should focus on optimizing their rental offerings to attract the 38.8% renter share effectively, ensuring profitability despite the challenging rent-to-market ratio.
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.