Location: Pushmataha County, OK | Metro: Atoka County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 74540 in fiscal year 2026 is set at $980. This figure represents the payment standard for Section 8 housing vouchers in the area, which means that if you participate in the program, the government will pay up to $980 per month for your rental property, depending on the tenant's income. It's important to note that this is not the amount tenants will pay in rent; it's the maximum subsidy the government will provide.
While there is no specific local median rent provided for ZIP 74540, we can infer that the demand for rental properties is relatively high given that 14.3% of the population are renters. This indicates a substantial portion of the community relies on rental housing, making it a potentially lucrative market for landlords and small-portfolio investors.
Regarding the acquisition cost of rental properties in ZIP 74540, the data does not specify an exact figure. However, understanding the local real estate market and comparing property values to the FMR can help you gauge whether a potential investment aligns with the expected returns from the Section 8 program.
To ensure a successful venture into Section 8 rentals, you must verify that your property meets all the required standards for habitability and safety. This includes ensuring that the unit is up to code, free from health hazards, and generally in good condition. The Housing Quality Standards (HQS) inspection is a critical step that you should prepare for thoroughly. If your property fails to meet these standards, you risk not being able to participate in the program despite the promising FMR and demand figures.
In summary, with an FMR of $980 and a significant renter share of 14.3%, ZIP 74540 presents a viable opportunity for Section 8 rentals. However, the key to success lies in ensuring your property complies with all necessary regulations and passes the HQS inspection.
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.