Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
ZIP code 74477, located in Wagoner, Oklahoma, has unique characteristics that set it apart from other areas. The lack of specific resident numbers and percentages renting indicates a scarcity of detailed demographic data, which could be due to the area being primarily a post office box zone. The median income and home value data are also unavailable, further suggesting limited residential information.
Moving to the voucher economics, the Fair Market Rent (FMR) for ZIP 74477 is set at $960 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it represents the maximum amount that can be charged for a Section 8 rental unit. In comparison to the market, where rental prices for 2-bedroom units typically fall below $200 per month, the FMR offers a significant premium for those participating in the program. However, the low market rental rates suggest that the demand for subsidized housing might be high, making participation in the Section 8 program a strategic move for property owners.
The data signature for ZIP 74477 reads as transitional. With no recent demographic data available and the peculiarities around property valuation and rental pricing, it's evident that the area is undergoing changes that affect its statistical representation. For investors, this means keeping an eye on future updates to understand how these transitions impact the local real estate market.
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.