Location: Bryan County, OK | Metro: Bryan County, OK
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $800 | $101,821 | 0.79% | D |
| 2BR | $1,040 | $118,730 | 0.88% | C |
| 3BR | $1,380 | $231,799 | 0.6% | F |
| 4BR | $1,580 | $270,348 | 0.58% | F |
| 5BR | $1,833 | $452,228 | 0.41% | F |
U.S. Census Bureau data (2024)
43.3% of residents in ZIP 74701 are renters, indicating a significant demand for rental properties in Durant, OK. The $1,363 market rent (ZORI) shows what tenants are currently paying, which is notably higher than the $1,040 Fair Market Rent (FMR) set for the metro area in fiscal year 2026. This suggests a potential opportunity for landlords to participate in the Section 8 program while still maintaining competitive rents.
$221,524 is the median home value in the area, reflecting a moderate housing market. With a median income of $58,036, many households might find it challenging to purchase homes, thereby sustaining the rental market's health and stability. The average 50-day days on market (DOM) indicates that properties are generally rented out relatively quickly, minimizing vacancy periods and maximizing rental income.
The 0.2% price-cut share reveals that very few landlords are forced to reduce their rental rates to attract tenants, suggesting a strong rental market where properties can be listed at or near the initial asking price. This low rate of price adjustments also implies that the rental market is well-balanced, with supply meeting demand without excessive competition.
In conclusion, the data paints a picture of a stable rental market in Durant, OK, with a healthy balance between rental demand and property values. For landlords considering the Section 8 program, the disparity between the FMR ($1,040) and the ZORI ($1,363) presents an attractive scenario where they can potentially benefit from government subsidies while keeping rents aligned with the local market. Verdict: Section 8 participation is financially viable in ZIP 74701.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.