Section 8 Fair Market Rent (FMR) for ZIP 74465 - 2027

FY 2027 Fair Market Rent Rates

The analysis of the Section 8 cap-rate picture for ZIP code 74465 in Unknown, OK, reveals several key points that landlords and small-portfolio investors should consider. The annualized Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $950. This figure is critical for understanding potential rental income under the Section 8 program.

However, without specific data on the median home value in ZIP 74465, it's challenging to calculate an exact gross yield. Typically, the gross yield is derived by dividing the annual rental income by the property value. In this case, using the FMR of $950, the annual rental income would be $11,400 ($950 x 12 months).

To illustrate the potential gross yield, let's assume a hypothetical median home value for ZIP 74465. If the median home value were, for example, $150,000, the gross yield would be 7.6% ($11,400 / $150,000). However, since the actual median home value is not available, this calculation serves only as a rough estimate.

The lack of market rent data means we cannot compare the gross yields between market rents and Section 8 rents directly. Nevertheless, the absence of market rent data does not necessarily indicate a low demand for rentals; it could simply reflect limited availability or reporting issues.

Given the N/A% renter density and N/A-day days on market (DOM), it's reasonable to infer that there might be a steady demand for rentals in ZIP 74465. A higher renter density generally implies a more stable rental market, which can be beneficial for long-term investments. Similarly, a shorter DOM suggests that properties are rented quickly, indicating strong interest from potential tenants.

In conclusion, while the precise gross yield cannot be determined due to missing data on median home values and market rents, the Section 8 FMR provides a clear benchmark for rental income. Investors should use the $950 FMR to inform their investment decisions and consider local market conditions to gauge the feasibility of renting properties through the Section 8 program.

Data Sources: FMR data from HUD (2027).

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.