Section 8 Fair Market Rent (FMR) for ZIP 74724 - 2027

Location: McCurtain County, OK | Metro: McCurtain County, OK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$640
1 Bedroom	$720
2 Bedrooms	$920
3 Bedrooms	$1,230
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

132

Median Household Income

$44,583

Housing Units

Renter Percentage

11.8%

Occupancy Rate

68.9%

Renter Occupied

The town of Washingtonville, located in ZIP code 74724, is situated in a rural part of Connecticut. This area offers a quiet, community-oriented environment that is attractive to both homeowners and renters. The housing market here is influenced by several key factors including the availability of affordable housing, the local economy, and the demand for rental properties.

The Fair Market Rent (FMR) for a two-bedroom apartment in the Washingtonville metro area for fiscal year 2026 is set at $940. This figure represents the government's benchmark for determining the affordability of housing units under the Section 8 program.
The median home value in ZIP 74724 is currently not available, indicating that there may be limited data on recent home sales which could suggest a slower residential real estate market.
Renters make up 11.8% of the total population, signaling a modest but present demand for rental properties in the area.
The median household income stands at $44,583, which is important for landlords and investors to consider when setting rental rates to ensure they align with the financial capabilities of potential tenants.
The Days on Market (DOM) statistic is not available, which typically indicates the average time it takes for a property to sell. This absence suggests that sales activity might be sporadic or less frequent than in more active markets.
Given the lack of specific market rent data, it's crucial for investors to closely monitor local trends and adjust their strategies accordingly to remain competitive and profitable.

Investors looking to enter the Washingtonville market should focus on properties that offer value to tenants within the affordable range indicated by the FMR. With a median income of $44,583, it's essential to price rentals competitively while also considering the limited data on home values and DOM. The modest renter share implies a need to develop a strong understanding of the local rental demand and possibly target niche markets to maximize occupancy rates. Overall, the market presents opportunities for those willing to conduct thorough research and adapt to the unique characteristics of this rural Connecticut zip code.

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.