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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,470 | $267,992 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 74731 stands out within its county due to a unique mix of demographic and economic factors. With a population of 1,646 residents, it has a rental rate of 24.6%, indicating that just over a quarter of the housing units are rented. The median income here is $54,286, which is relatively modest compared to other areas. However, the median home value is significantly higher at $213,844, suggesting a strong local property market.
When it comes to Section 8 voucher economics, the data reveals an interesting trend. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030, while the current market rent, as per the Census American Community Survey (ACS), is slightly higher at $1,050. This indicates that landlords accepting Section 8 vouchers can expect to receive rents that closely match the market rate, minimizing financial loss.
The data signature for ZIP 74731 reads as stable. The close alignment between the FMR and market rent suggests a balanced rental market where both landlords and tenants benefit. Additionally, the high median home value in a context of modest median income implies that the local real estate market is resilient and likely to maintain its value over time. For landlords and small-portfolio investors, this ZIP code presents a favorable environment for property investment, especially when considering the Section 8 program.
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.