Location: Johnston County, OK | Metro: Coal County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 74530 stands out due to its unique data profile, which includes a relatively small population of only 177 residents. Of these, 14.0% are renters, indicating a primarily owner-occupied community. The median income for this area is $56,250, reflecting a modest economic status among its inhabitants. Notably, the median home value is listed as N/A, suggesting that either there is insufficient data available or the majority of the homes in this ZIP code are not owned but rented.
Turning to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940. This figure is critical for landlords and small-portfolio investors as it represents the benchmark for rental assistance payments under the Section 8 program. However, the market rent for ZIP 74530 is also listed as N/A, which implies that there might be limited data on actual market rents or that the market conditions are not typical enough to provide a standard figure. Given the absence of market rent data, the FMR becomes even more pivotal for understanding the potential rental income under the Section 8 program.
In summary, ZIP 74530 presents a stable yet niche environment for real estate investment, particularly for those interested in the Section 8 program. With a low percentage of renters and a clearly defined FMR, the economic landscape leans towards stability rather than being transitional. Landlords and investors should closely monitor local trends and consider the FMR as a reliable indicator for setting competitive rental rates within the constraints of the Section 8 program.
Data Sources: FMR data from HUD (2027). 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.