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 Section 8 housing market in ZIP code 74559, located in Latimer County, OK, presents a unique set of challenges and opportunities for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area, which covers the metro scope for fiscal year 2026, is set at $940. However, without specific data on current market rents, it's difficult to provide an exact comparison.
To determine if voucher tenants cashflow at the FMR, marginally, or only with premium units, we need to consider the general trend of rental prices in the area. Given that the HUD FMR is typically lower than the market average, voucher tenants would likely cashflow only with premium units or those that offer significant cost-saving features such as energy efficiency or low maintenance costs. This suggests that landlords should focus on properties that can be efficiently managed and maintained to ensure profitability.
The median home value in ZIP 74559 is also not available, which means we cannot calculate a precise rent-to-price ratio. However, the lack of this information does not necessarily hinder investment decisions. The stability of the housing market and the reliability of Section 8 vouchers can still provide a solid foundation for investment, especially considering the consistent income stream they offer.
Without the number of days median DOM (days on market) and the percentage of price-cut share, it's challenging to assess the rent-versus-buy dynamics in the area. These metrics could indicate how quickly homes sell and whether there is pressure on home values, but their absence does not negate the potential benefits of investing in Section 8 properties.
The strongest investor angle in ZIP 74559 is likely stability. Section 8 vouchers provide a reliable source of income, and the predictability of rental payments can be a significant advantage in a market where other variables might be less certain. This makes it particularly appealing for landlords looking to minimize financial risk and ensure steady cash flow over the long term.
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.