Location: Muskogee County, OK | Metro: Muskogee 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 | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,200 | $235,550 | 0.51% | F |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 investment in ZIP code 74470 must be carefully considered. Firstly, tenant turnover can pose a significant challenge due to the discrepancy between the market rent and the Fair Market Rent (FMR) set at $940 for fiscal year 2026 in the metropolitan area. This gap may lead to tenants seeking better deals elsewhere, increasing the likelihood of frequent turnover.
Vacancy exposure is another concern, although the exact days on market (DOM) for rental properties in this area is not available. However, the high renter share of 25.1% suggests that there is a substantial population relying on rental housing, which could mitigate some of the risks associated with prolonged vacancies.
A third risk is deferred maintenance. With a typical home value of $180,757 and a median income of $51,250, homeowners may struggle to keep up with necessary repairs and upgrades without financial assistance. This could affect the quality of rental units over time, necessitating additional investments from landlords to maintain property standards.
Despite these risks, the high renter density in ZIP 74470 usually translates into higher demand for rental properties, including those that accept Section 8 vouchers. The concentration of renters often indicates a robust need for affordable housing options, which can stabilize the rental market and ensure a steady stream of tenants.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.