Location: Pushmataha County, OK | Metro: Latimer County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
14.6% of residents in ZIP code 74574 are renters, indicating a moderate demand for rental properties. However, the $625 market rent, derived from Census ACS data, suggests that rental prices are relatively low compared to other areas. The $1,000 Fair Market Rent (FMR) for the metro area in fiscal year 2026 highlights a potential gap between what tenants can afford and what landlords might expect to charge. This discrepancy could be an opportunity for landlords to adjust their rental rates closer to the FMR without pricing out potential tenants.
The median home value in ZIP 74574 stands at $185,398, which is a key figure for investors considering purchasing properties in the area. This value provides insight into the overall housing market and can help inform decisions about property investments. Additionally, the median income of $39,896 offers a benchmark for assessing the financial capacity of potential tenants and buyers. It's important to note that the lack of data on days on market (DOM) and the percentage of price cuts indicates either a stable market or limited recent sales activity, both of which could be beneficial for long-term investment strategies.
Given the specific figures for ZIP 74574, the outlook for Section 8 participation appears favorable. The gap between market rent and FMR, combined with the moderate renter share and reasonable median home value, supports the viability of Section 8 contracts for landlords. While the median income is not exceptionally high, it aligns well with the affordability of properties in the area, making Section 8 a solid option for maintaining occupancy and steady cash flow.
Verdict: Section 8 is a viable option in ZIP 74574.
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.