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 | $650 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $73,227 | 1.26% | A |
| 3BR | $1,220 | $146,558 | 0.83% | C |
U.S. Census Bureau data (2024)
The analysis of ZIP code 74561, located in Wilburton, OK, within the Pittsburg County, OK metro area, reveals several critical points for potential landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940. However, the current market rent, according to Census ACS data, stands significantly lower at $588. This discrepancy suggests that landlords might find it challenging to achieve rents at the FMR level without substantial renovations or improvements to properties, given the existing market conditions.
Regarding the affordability of acquisitions, the median home value in ZIP 74561 is $125,135. Unfortunately, data on days on market (DOM) and the percentage of homes that required a price cut before selling are not available. Despite this, the relatively low median home value indicates that purchasing property in this area could be financially viable for investors looking to enter the market with limited capital. However, the lack of DOM and price-cut data makes it difficult to assess the ease and speed of acquiring properties.
Lastly, the tenant demand must be evaluated. With a population of 1,950, the area has a significant portion of renters, comprising 24.2% of the total population. This share of renters suggests a steady demand for rental properties, which can be a positive indicator for landlords and investors. However, the small overall population means that the rental market may be limited in size and potentially sensitive to local economic fluctuations.
In summary, while the median home value in ZIP 74561 presents an affordable opportunity for acquisition, the gap between the FMR and the actual market rent highlights a potential challenge in achieving higher rental income. The presence of a consistent renter base supports tenant demand, but the limited population size could restrict the scale of investment opportunities. Landlords and investors should carefully consider these factors when evaluating the feasibility of entering this market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.