Location: Pittsburg County, OK | Metro: Pittsburg 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 | $660 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $82,685 | 1.15% | B |
| 3BR | $1,290 | $161,936 | 0.8% | D |
| 4BR | $1,590 | $264,311 | 0.6% | D |
| 5BR | $1,844 | $312,303 | 0.59% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 74501 in McAlester, OK, for fiscal year 2026 is set at $980. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not necessarily the rent you will receive; it's the benchmark used by the government to ensure that rents are reasonable and affordable.
In comparison, the average rent in the area, according to the Census American Community Survey, is $914. This indicates that the FMR is slightly higher than the local average, which could be beneficial for landlords participating in the Section 8 program. The higher FMR helps cover the costs associated with renting out your property while ensuring that the rent remains affordable for low-income families.
The local market shows that 31.6% of residents are renters, suggesting a decent demand for rental properties. If you're considering entering the Section 8 market, this percentage indicates that there is a significant portion of the population who might be interested in your property.
When looking to acquire a property in ZIP 74501, the median home value is around $152,286. This figure gives you an idea of the typical price range for homes in the area, helping you make informed decisions about your investment.
Before you proceed with offering your property as a Section 8 rental, it is crucial to verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants. Meeting these requirements is non-negotiable and will determine whether your property is eligible for the program.
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.