Location: Latimer County, OK | Metro: Latimer County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
The analysis of ZIP code 74545, located in Latimer County, Oklahoma, reveals several key points for landlords and small-portfolio investors.
First, regarding the rent math, the Federal Market Rent (FMR) for the area in fiscal year 2026 is set at $940. However, due to the lack of specific market rent data, it's impossible to make a direct comparison. This means that while the FMR provides a guideline, actual profitability will depend on local market conditions.
Second, the acquisition affordability in ZIP 74545 cannot be fully assessed without specific data on median home values, days on market (DOM), and the percentage of homes that have experienced price cuts. These metrics are crucial for understanding how easily properties can be acquired and whether they are being sold at a discount. Without this information, potential investors should conduct further research to determine if the acquisition costs align with their investment strategies.
Third, the tenant demand in ZIP 74545 is also unclear due to missing data on the population and the percentage of renters. Tenant demand is a critical factor in ensuring consistent occupancy and rental income. Investors should look into the demographic trends and housing needs of the area to gauge the likelihood of finding tenants willing to pay the FMR.
Verdict: While the Federal Market Rent offers a benchmark for rental pricing in ZIP 74545, the lack of detailed market data makes it challenging to provide a comprehensive assessment. Potential investors must delve deeper into local real estate trends and demographics to ensure that both property acquisition and tenant demand meet their investment criteria. The success of a Section 8 investment in this area hinges on these factors being favorable, which requires additional investigation beyond the provided data.
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.