Section 8 Fair Market Rent (FMR) for ZIP 74577 - 2027

Location: Le Flore County, OK | Metro: Le Flore County, OK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$700
2 Bedrooms	$920
3 Bedrooms	$1,270
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

259

Median Household Income

$58,028

Housing Units

155

Renter Percentage

22.1%

Occupancy Rate

84.5%

Renter Occupied

The ZIP code 74577, located in Muskogee County, Oklahoma, offers a unique blend of rural charm and urban convenience, making it an attractive location for both tenants and investors. The area benefits from a stable economy and a growing population interested in affordable housing options.

The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $940, indicating the government's benchmark for rental affordability.
The average market rent, according to Census ACS data, stands at $590, suggesting that properties can be rented below the FMR, potentially attracting a larger tenant pool.
The median home value is not available, which could imply a lack of sufficient data points or a predominantly rental-focused market.
Renters make up 22.1% of the housing market, reflecting a significant portion of the population that prefers renting over owning.
The median income of the residents is $58,028, providing insight into the financial capability of potential tenants.

Investors looking to enter the ZIP 74577 market should consider the discrepancy between the FMR and the actual market rent as a potential opportunity for profit. The relatively low median income suggests that tenants are sensitive to pricing, making it crucial to offer competitive rents without sacrificing quality. With a notable share of renters, there is demand for well-managed rental properties. However, the absence of data on median home values and days on market (DOM) indicates a need for further local research to understand the property management landscape fully. Overall, the ZIP code presents a balanced investment opportunity for those who can navigate the nuances of the local rental market effectively.

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.