Location: Okmulgee County, OK | Metro: Okmulgee County, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The ZIP code 74456 is situated in a predominantly residential area of Tulsa, Oklahoma. This neighborhood is characterized by a stable community of 78,000 residents, where approximately 16.7% of the population are renters. The median household income in the area stands at $95,000, indicating a relatively affluent demographic.
Despite the high median income, the specific median home value for ZIP 74456 is not available, which might suggest a diverse range of housing options catering to different economic segments. However, the Fair Market Rent (FMR) for the area, as determined by HUD for fiscal year 2024, is set at $890. This figure serves as a benchmark for rental properties eligible under the Section 8 program. Unfortunately, the exact market rent for the area is also not available, making it challenging to directly compare the FMR against prevailing local rates.
Given the data, ZIP 74456 seems well-suited for a hands-off Section 8 voucher operator. The high median income suggests a lower risk of default among tenants, while the 16.7% rental rate indicates a steady demand for rental properties. For a hands-on value-add buyer, there might be opportunities to improve property values given the lack of specific median home value data, but this would require a deeper analysis of individual properties and their potential for appreciation.
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.