Location: Kay County, OK | Metro: Tulsa, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 74652, with a population of 793, has a rental market that represents only 12.5% of the total housing units. This indicates that it is not a renter-heavy area but rather one dominated by homeowners. The scarcity of renters suggests that the demand for Section 8 vouchers will be less intense compared to areas with higher percentages of renters.
The median household income in ZIP 74652 is $71,307, which is relatively high for the region. However, the average market rent stands at $738 per month. This means that typical rent consumes approximately 10.3% of the median household income, calculated by dividing the market rent by the annual income ($738 / ($71,307/12)). This figure is on the lower side, indicating that renting is financially manageable for most households in the area.
When comparing the market rent to the Fair Market Rent (FMR) set by HUD, which is $890 for FY 2024, there is a significant gap. The FMR is higher than the actual market rent, suggesting that the rental prices in ZIP 74652 are below the federally determined fair level. This discrepancy can impact the availability of Section 8 vouchers since they are based on FMRs.
A landlord in ZIP 74652 should expect tenants who are likely to have stable incomes and be capable of paying market rents without relying heavily on vouchers. Given the low percentage of renters and the relatively high median income, the demand for subsidized housing through Section 8 vouchers is expected to be limited. Landlords might find that tenants in this ZIP are more likely to be able to afford rent without financial assistance, making it a less competitive environment for those seeking voucher-supported tenancy.
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.