Location: Pittsburg County, OK | Metro: Haskell 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 | $700 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,140 | $177,349 | 0.64% | D |
U.S. Census Bureau data (2024)
The analysis for ZIP code 74552 reveals a distinct gap between the federal market rent (FMR) for a two-bedroom apartment under Section 8 and the prevailing market rent. The annualized FMR for a two-bedroom unit in this area, based on FY 2026 metro data, is $940 per month. Using the median home value of $165,965, this translates into an implied gross yield of approximately 6.5% when considering the Section 8 program. This calculation is derived by multiplying the monthly FMR by 12 months and dividing it by the median home value.
In contrast, the market rent for a two-bedroom apartment, as indicated by Census ACS data, is $582 per month. This results in an implied gross yield of roughly 4.2%, which is significantly lower than the Section 8 scenario. The disparity highlights the potential benefits of participating in the Section 8 program for landlords and small-portfolio investors in ZIP 74552.
Given the 19.1% renter density in the area, it is important to consider the demand for rental properties. However, the lack of data on days on market (DOM) makes it difficult to predict how quickly properties can be rented out. Despite this uncertainty, the higher gross yield offered by the Section 8 program at 6.5% is more attractive compared to the market rent's 4.2%. This suggests that landlords and investors should seriously consider the Section 8 program as a means to achieve better financial returns on their investments in ZIP 74552.
The decision to participate in Section 8 should also take into account the broader economic context and tenant stability, as Section 8 tenants often have more consistent income due to government subsidies. This can translate into fewer vacancies and more predictable cash flows, further enhancing the attractiveness of the higher gross yield.
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.