Location: Atoka County, OK | Metro: Atoka 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 | $770 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $298,327 | 0.43% | F |
U.S. Census Bureau data (2024)
ZIP code 74533, located within Atoka County, OK, presents a unique profile when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 74533 is set at $1,010 for fiscal year 2026, which is higher than the market rent of $806 observed in the area. This discrepancy suggests that the government's assessment of rental costs is above what the market currently dictates, indicating potential opportunities for landlords who can leverage this gap.
The median home value in ZIP 74533 stands at $253,884, which is likely reflective of the broader county's housing market trends. However, the renter share in this ZIP code is 15.5%, slightly higher than the average for Atoka County. This elevated percentage of renters could be indicative of a neighborhood where a significant portion of residents rely on rental assistance programs such as Section 8.
Given the specifics of ZIP 74533, it appears to be a mid-tier neighborhood within its metro. The FMR is notably higher than the market rent, suggesting that there might be a segment of the population willing to pay more for housing through subsidized programs. Meanwhile, the median home value aligns closely with typical values in the county, indicating neither an undervalued nor overvalued housing market.
However, the divergence between the relatively high renter share and the below-average home values when compared to the FMR and market rent could signal a sweet spot for Section 8 participation. Landlords in ZIP 74533 could find themselves in a position to benefit from both the higher FMR rates and the demand for affordable rental units, making it a strategic location for investment in properties suitable for subsidized tenants.
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.