Location: Cherokee County, OK | Metro: Cherokee 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 | $920 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,200 |
| 5 Bedrooms | $1,392 |
| 6 Bedrooms | $1,559 |
| 7 Bedrooms | $1,684 |
| 8 Bedrooms | $1,768 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,150 | $222,208 | 0.52% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 74471 hinges on analyzing its yield potential and stability metrics. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is $940, while the market rent stands at $675. This indicates that properties in ZIP 74471 could potentially benefit from the higher FMR if they qualify under Section 8 programs, offering a significant uplift over market rents. The median home value of $202,712 suggests that there is a reasonable investment cost for entering this market.
Regarding stability, the ZIP code has 19.5% of residents classified as renters. Although the average days on market (DOM) is not available, the median household income of $45,948 provides insight into the financial capacity of tenants. This figure implies that the local population has a stable income level, which can support consistent rental payments. However, the relatively low percentage of renters might indicate a smaller pool of potential Section 8 participants, impacting the overall stability of rental cash flows.
To summarize, ZIP 74471 leans towards a steady-cashflow zone. The key drivers for this assessment are the disparity between the market rent ($675) and the FMR ($940), suggesting a higher yield opportunity for landlords who can secure Section 8 contracts. Additionally, the median income ($45,948) supports the notion of stability, as it indicates a financially capable tenant base. Despite the lower percentage of renters (19.5%), the income stability compensates for this, making it a viable option for those seeking reliable returns rather than high-risk, high-reward scenarios.
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.