Location: McCurtain County, OK | Metro: McCurtain 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $145,722 | 0.84% | C |
U.S. Census Bureau data (2024)
ZIP code 74734 in McCurtain County, OK, presents an interesting real estate scenario when compared to the broader county metrics. The Fair Market Rent (FMR) for ZIP 74734 is set at $940 for fiscal year 2026, which is notably higher than the market rent figure of $653. This discrepancy suggests that the federally determined rent levels are above what the local market naturally supports, indicating potential for rental income stability and possibly subsidized housing opportunities.
The home value in ZIP 74734 stands at $133,390, which is likely reflective of the overall property values in McCurtain County. However, the renter share at 18.5% is a critical point of comparison. Typically, higher renter shares can signify areas attractive to Section 8 tenants due to affordable housing options and potentially lower competition from owner-occupiers.
Based on the provided figures, ZIP 74734 appears to be a value pocket within the McCurtain County, OK metro. The combination of a below-metro home value and a relatively high renter share points towards an area where landlords and small-portfolio investors could find opportunities. The higher FMR compared to the market rent also suggests that properties in this ZIP might benefit from federal rent subsidies, making it a particularly appealing location for those interested in Section 8 investments.
In summary, ZIP 74734 offers a balance between affordability and potential rental income support through federal programs, making it a strategic choice for real estate investment in the context of Section 8. Investors should focus on properties that align with the FMR but are priced closer to the market rent to maximize their returns while remaining competitive in the local rental market.
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.