Location: Grant County, OK | Metro: Grant County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
24.2% of the residents in ZIP code 74636 are renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which represents the maximum allowable rent for Section 8 housing vouchers in this region. This figure is notably higher than the $758 average market rent reported by the Census Bureau's American Community Survey (ACS), suggesting that properties renting at the FMR level could still attract tenants despite being above the typical market rate. However, the absence of data on median home values, median income levels, days on market (DOM), and the percentage of price-cut shares complicates a comprehensive analysis. Landlords and small-portfolio investors should be aware that while the FMR provides a benchmark, the actual rental market may offer opportunities to adjust rates based on supply and demand dynamics. Given the available data, the Section 8 program appears viable in 74636, as the FMR exceeds the current market rent, potentially allowing landlords to cover costs and maintain profitability. Yet, without additional metrics such as income levels and DOM, caution is advised when setting expectations for occupancy rates and property returns. For those looking to enter or remain in the rental market within this ZIP code, leveraging the Section 8 program can be a strategic move to ensure steady cash flow and tenant stability.
Section 8 Verdict: Viable in 74636, with FMRs exceeding market rents.
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.