Location: Tulsa, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 74633 stands out due to its small population size of only 557 residents, which makes it an ideal location for small-scale investments. With 17.9% of the population renting, there is a modest demand for rental properties, indicating a niche market that could be effectively served by a limited number of units. The median income of $57,955 suggests a middle-class community capable of supporting affordable housing options.
The lack of reported median home value data implies that this ZIP code may have fewer homeowners or a less established real estate market compared to others. This absence of data on home values could also indicate that the area is predominantly rental-focused, making it particularly relevant for those interested in the Section 8 housing voucher program.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 74633 in fiscal year 2024 is set at $890. This figure is crucial for landlords who wish to participate in the Section 8 program, as it determines the maximum rent they can charge for a unit. However, the absence of market rent data makes it difficult to compare the FMR against typical rental rates in the area, potentially leaving room for speculation about how competitive these rates might be.
Given the limited data available, the ZIP code 74633 appears to be in a transitional phase. The small population and modest rental demand suggest that the area may be evolving, possibly with changes in local industry or demographics driving shifts in the real estate market. Landlords and small-portfolio investors should closely monitor trends in the area to capitalize on opportunities as they arise.
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.