Location: Pittsburg County, OK | Metro: Pittsburg 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 | $640 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $74,410 | 1.68% | A+ |
U.S. Census Bureau data (2024)
The ZIP code 74546 presents a dynamic rental market with specific characteristics that provide insight into the balance between supply and demand. The Fair Market Rent (FMR) for the area is set at $940 for fiscal year 2026, indicating a higher benchmark for rental rates compared to the actual market rent, which stands at $730 based on Census American Community Survey (ACS) data. This discrepancy suggests that there may be an oversupply of rental units or downward pressure on rents due to competition among landlords.
The median home value in ZIP 74546 is $63,301, reflecting a relatively affordable market for homeownership. However, with a significant 34.5% of residents choosing to rent, this points towards ongoing long-term housing pressures that favor renting over buying. A high renter share can indicate a variety of factors, such as affordability issues for potential buyers, a transient population, or a lack of confidence in the local economy leading individuals to prefer the flexibility of renting.
While the data does not provide specifics on the percentage of price cuts or days on the market (DOM), the overall picture suggests a rental market that is somewhat saturated. Landlords may find themselves needing to offer competitive pricing to attract tenants, given the high FMR versus the lower market rent. The high renter share implies that there will likely continue to be a steady demand for rental properties, which could stabilize the market despite the current price dynamics.
In summary, ZIP 74546 appears to be a market where the supply of rental units is robust, but the demand is also present and significant. The affordability of homeownership contrasts with the preference for renting, suggesting a complex interplay of economic and social factors that influence housing choices. For landlords and small-portfolio investors, understanding these dynamics is crucial to making informed decisions about property management and investment strategies.
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.