Location: Muskogee County, OK | Metro: Muskogee County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 74463 is situated in a rural neighborhood in northeastern Oklahoma, characterized by a modest population size of 2,115 residents. Approximately 42.0% of these residents are renters, indicating a significant demand for rental housing in the area. The median income for households in this ZIP code stands at $32,000, which places it below the national average and suggests a community where financial assistance for housing is likely prevalent.
Despite the lack of data on median home values, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940. This figure contrasts with the actual market rent, which according to the Census ACS, is $883. This gap between FMR and market rent indicates potential opportunities for landlords who can offer properties that meet or exceed the quality standards required for Section 8 eligibility without significantly exceeding the market rate.
Given the economic profile of ZIP 74463, it is suitable for both hands-off voucher operators and hands-on value-add buyers. For those seeking a passive investment strategy, the lower market rents mean that properties will likely be easier to lease through the Section 8 program, with a steady stream of government-subsidized income ensuring consistent cash flow. On the other hand, for investors willing to engage actively in property management and improvements, there is room to increase property values and rents closer to the FMR while still remaining competitive in the local market.
Summary:
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.