Location: Pushmataha County, OK | Metro: Latimer 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 | $660 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $112,791 | 0.82% | C |
| 3BR | $1,230 | $158,186 | 0.78% | D |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP 74571, Wilburton, OK, involve understanding both the SAFMR (Small Area Fair Market Rent) and the local market conditions. For a two-bedroom apartment, the SAFMR for FY 2026 is set at $940. This figure represents the maximum amount that a housing voucher can cover for rent in this specific ZIP code. However, it's important to note that the local market rent, according to the Census ACS, is significantly lower at $504.
A voucher payment is composed of two parts: the tenant's portion and the subsidy portion. Typically, tenants contribute 30% of their adjusted income towards rent. If we assume an average adjusted income of $1,000 for a tenant in this area, the tenant would pay $300 towards rent. The remainder, up to the SAFMR limit of $940, is covered by the subsidy. Therefore, the subsidy portion would be $640 ($940 - $300).
In addition to the base rent, utility allowances also play a role. These allowances vary but are generally around $200 per month for electricity, gas, water, and sewer. This means the total monthly reimbursement a landlord might receive could be around $840 ($640 subsidy + $200 utilities).
To walk through the actual payment process, consider a two-bedroom apartment rented at the local market rate of $504. With a tenant paying $300, the landlord would receive a total of $840 from the voucher program, which exceeds the local market rent. In this scenario, the landlord would have a surplus of $336 ($840 - $504) each month.
If the landlord charges the full SAFMR rate of $940, the voucher would cover the entire rent plus utilities. The landlord would still receive the full $940, but the tenant would only be responsible for $300. This leaves a reimbursement gap where the landlord does not receive additional funds beyond the SAFMR limit.
In summary, landlords in ZIP 74571 should be aware that the SAFMR rate is set specifically for this ZIP code and is higher than the local market rent. By renting at the local market rate of $504, landlords can expect a monthly surplus of $336 when a tenant uses a voucher. If they charge the full SAFMR rate, there will be no surplus or gap, as the voucher covers the entire cost up to $940.
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.