Location: Pittsburg County, OK | Metro: Pittsburg County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
The ZIP code 74502 in Unknown, OK, presents a unique challenge for landlords and small-portfolio investors due to the lack of comprehensive demographic data. However, we can still analyze the potential impact of Section 8 tenants on the local rental market based on the available information.
The absence of specific population figures and the percentage of renters makes it difficult to determine whether this is a renter-heavy ZIP with deep voucher demand or a homeowner-dominated area where vouchers are scarce. Nonetheless, the median household income data being unavailable suggests that the area might have income levels below the national average, which could indicate a higher reliance on housing assistance programs such as Section 8.
Without exact market rent figures for the area, we cannot precisely calculate what percent of local income goes towards typical rent. However, we can compare the situation to the Fair Market Rent (FMR) of $940 for FY 2026 in the metro area. This FMR is indicative of the maximum amount that HUD will pay for a unit in a particular area and often serves as a benchmark for rental prices.
A landlord in ZIP 74502 should expect a tenant profile that includes a significant number of individuals and families who rely on Section 8 vouchers. These tenants will likely be seeking affordable housing options that align closely with the FMR. Given the scarcity of detailed local income data, it's prudent to assume that typical rents in the area may consume a substantial portion of local incomes, potentially exceeding the national average of around 30%. This high rent-to-income ratio underscores the importance of Section 8 vouchers in making housing affordable for many residents.
To attract and retain Section 8 tenants effectively, landlords must ensure their properties meet HUD standards and are competitively priced within the voucher limits. The expectation is that the majority of tenants will require some form of financial assistance to cover their rent, emphasizing the need for patience and compliance with government regulations.
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.