Location: Muskogee County, OK | Metro: McIntosh County, OK
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 | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,180 |
| 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 | $1,180 | $241,019 | 0.49% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 74450 presents a dynamic environment for real estate investors. The Fair Market Rent (FMR) set at $940 for the fiscal year 2026 indicates a level of affordability that could attract renters, particularly those who are sensitive to housing costs. However, the current market rent, reported at $747 based on Census ACS data, suggests there might be some downward pressure on rental rates, possibly due to an oversupply of units or increased competition among landlords.
The median home value of $224,384 provides insight into the overall property values in the area. While this figure alone doesn't reveal whether supply outpaces demand or vice versa, it can be compared against the FMR to gauge the relative attractiveness of owning versus renting. In ZIP 74450, the gap between the FMR and market rent implies that homeownership might still be favored over renting, given the relatively low rental rates.
A key metric to consider is the 11.8% renter share, which is notably lower than many metropolitan areas. This suggests that the majority of residents prefer to own their homes, indicating a potential long-term stability in the housing market. A smaller proportion of renters could mean less turnover and a more consistent demand for owner-occupied properties, but it also implies that any increase in rental demand could put upward pressure on rents if the supply remains constant.
Despite the lack of specific time-series data, the current snapshot reveals a market where the balance between supply and demand is critical. Landlords and small-portfolio investors must remain vigilant to changes in both rental rates and home values. The dynamics suggest that while there is a significant preference for homeownership, the rental market is competitive, and pricing strategies should reflect the current rental landscape to ensure occupancy and profitability.
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.