Location: Pawnee County, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 74650, located in Pawnee County, Oklahoma, serves as a cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the spread between the Fair Market Rent (FMR) for the area and the market conditions. For fiscal year 2024, the FMR is set at $890. Given that the market data for this specific ZIP code is currently unavailable, the FMR provides a reliable benchmark for rental pricing.
The median home value in ZIP 74650 is $133,101, which is relatively low compared to many other areas across the country. This makes it an ideal location for landlords and small-portfolio investors seeking steady, predictable cash flow from their properties. The low median home value suggests that the cost of acquiring and maintaining properties in this area will be manageable, allowing for a favorable return on investment when the FMR is applied.
ZIP 74650's characteristics do not align as strongly with an appreciation play due to the lack of available data regarding price cuts and days on market (DOM). Without these metrics, it's difficult to assess whether property values are likely to appreciate significantly over time. However, the strong cash-flow potential offered by the FMR and the manageable cost of properties make it a solid choice for those prioritizing consistent income.
Additionally, the ZIP code can serve as a diversifier within a broader investment portfolio. With a 15.3% renter share, there is a notable portion of the population that relies on rental housing, including those who benefit from Section 8 assistance. The median income of $47,679 indicates that tenants in this area are likely to qualify for the Section 8 program, which guarantees a stable source of rental income for landlords.
In conclusion, ZIP 74650 stands out primarily as a cash-flow anchor due to the clear FMR benchmark and the low median home value, which supports a predictable and positive financial performance for Section 8 properties. While it offers some diversification benefits, the primary focus should be on leveraging it for reliable cash flow.
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.