Location: Kay County, OK | Metro: Grant County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 74646 presents a unique snapshot of the housing market that can be interpreted through the lens of current data points. With a Fair Market Rent (FMR) of $970 for the fiscal year 2026, it indicates a relatively stable rental environment. However, the absence of market rent data suggests that there might be limited competition among landlords, which could imply either a niche market or a lack of comprehensive rental activity.
The 0.0% renter share is particularly noteworthy. This figure implies that virtually all residents in the area own their homes, which can have several implications for the local real estate market. First, it suggests a low immediate demand for rental properties, which could make it challenging for landlords to find tenants. Second, the high owner occupancy rate can indicate a strong sense of community and stability, where people are invested in long-term residency. This characteristic often leads to lower turnover rates and potentially less fluctuation in property values compared to areas with higher renter populations.
While the median home value and days on market (DOM) are not provided, the overall picture leans towards a market where supply may slightly outpace demand due to the high owner occupancy rate. Landlords and small-portfolio investors should consider the potential for slower rental cycles and possibly lower vacancy rates. However, the stability implied by the high owner occupancy rate can also mean that the area is less susceptible to rapid changes in housing pressure, providing a more predictable investment environment.
In summary, ZIP 74646 appears to be a market characterized by a predominantly owner-occupied population, which influences the rental dynamics and suggests a need for strategic planning by landlords and investors to navigate the specific challenges and opportunities presented by this unique market condition.
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.