Location: Pittsburg County, OK | Metro: Pittsburg County, OK
| 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 |
U.S. Census Bureau data (2024)
The analysis of Section 8 real estate in ZIP 74565 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $940, whereas the Census ACS reports the average market rent at $439. This creates a disparity of $501 per month, or approximately 114%, between what voucher holders can pay and the typical rental price.
This gap makes ZIP 74565 a prime yield play for landlords and small-portfolio investors who accept Section 8 tenants. Despite the lower market rent, the FMR rate ensures that voucher holders will pay a higher rent, which can significantly boost your cash flow and investment returns. However, it's important to note that the rental market in ZIP 74565 is heavily influenced by the fact that 23.7% of residents are renters, and the median household income is $56,250. These factors suggest that many residents rely on financial assistance to afford housing.
The cost of housing voucher tenants below open-market rates is minimal when considering the FMR. Since the FMR is substantially higher than the market rent, landlords can still charge a competitive rate while benefiting from the guaranteed payments of the Section 8 program. Accepting voucher tenants in this area can be a strategic move to fill units and maintain steady occupancy rates, especially given the high percentage of renters and the lack of data on median home values, indicating a primarily rental-focused market.
To summarize, the gap between the FMR of $940 and the market rent of $439 in ZIP 74565 presents a lucrative opportunity for landlords and investors. By accepting Section 8 tenants, you can capitalize on higher guaranteed rents while addressing the needs of a substantial portion of the local population.
Data Sources: FMR data from HUD (2027). 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.