Location: Bryan County, OK | Metro: Atoka 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 | $740 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $970 | $125,318 | 0.77% | D |
| 3BR | $1,280 | $243,511 | 0.53% | F |
| 4BR | $1,450 | $356,091 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 74729, located in Caddo, OK, presents an interesting balance between yield and stability for real estate investments. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990, while the local market rent is estimated at $889. This indicates that the rental market in Caddo is slightly below the metro average, suggesting modest yield potential.
However, the median home value in this area is significantly higher at $232,843. This suggests that there is a reasonable asset base for property owners, which can contribute to a steady cash flow when properties are rented out at market rates. Given the disparity between the FMR and median home values, it's evident that the rental market is not as robust as the housing market, but still offers opportunities for those willing to invest.
The rental market's stability is another key factor. With 21.1% of residents being renters, there is a moderate demand for rental properties. Unfortunately, the data does not provide information on the number of days on market (DOM), which would be crucial in assessing how quickly properties can be leased. The median household income in the area is $56,696, which is relatively low compared to national averages, indicating that tenants might have limited financial flexibility, potentially leading to higher risk of default.
Based on these figures, ZIP 74729 leans towards being a steady-cashflow zone. While the yield is not exceptionally high due to the lower-than-metro average rents, the higher median home value provides a solid foundation for long-term investment. The moderate percentage of renters suggests a stable demand for rental properties, though the low median income introduces some risk. Landlords and small-portfolio investors should focus on properties that offer good value and are likely to attract consistent tenants, rather than seeking high-yield, short-term flips.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.