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 | $131,070 | 0.95% | C |
U.S. Census Bureau data (2024)
The ZIP code 74554 is a renter-heavy area with significant potential for Section 8 tenants. With a population of 1,917, nearly 45% of residents are renters, indicating a robust demand for rental properties. This high percentage of renters suggests that there is also likely a strong presence of individuals utilizing housing vouchers.
The median household income in this ZIP code stands at $40,938, which provides a useful benchmark for understanding the affordability of housing in the area. The average market rent of $849 represents approximately 20.7% of the median income, a figure that is manageable but still substantial for many households. For context, the Fair Market Rent (FMR) for the metro area is set at $940 for fiscal year 2026, slightly above the current market rate in 74554, suggesting that rents in this ZIP code are somewhat below the regional average.
A landlord in ZIP code 74554 can expect a tenant profile characterized by a reliance on government assistance to meet housing costs. Tenants will likely be individuals or families whose incomes fall within the low to moderate range, making up a significant portion of the local population. Given the high percentage of renters and the relatively affordable market rent compared to the median income, it is reasonable to anticipate that a considerable number of these tenants will be seeking properties through the Section 8 program.
In summary, ZIP 74554 presents an opportunity for landlords who are willing to participate in the Section 8 program, catering to a population heavily reliant on rental housing and government subsidies to manage living expenses. The alignment between the local market rent and the median income makes this ZIP code particularly suitable for such a tenant base, ensuring both accessibility and financial viability for both landlords and tenants alike.
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.