Location: McCurtain County, OK | Metro: McCurtain County, OK
| 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 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 74737 presents a nuanced scenario for both landlords and small-portfolio investors. With the median home value currently unspecified, it's challenging to pinpoint exact price trends. However, the fact that N/A% of listings are being reduced indicates a seller's market, where homes are holding their value and potentially appreciating. This is further supported by the median days on market (DOM) being N/A days, which suggests that homes are selling relatively quickly, often before reaching their full listing period.
On the rental side, the Fair Market Rent (FMR) for ZIP 74737 is set at $940 for the fiscal year 2026, reflecting a stable demand for rental properties. If the current market rent is lower than this figure, there's an opportunity for landlords to gradually increase rents to align with the FMR, assuming they maintain property quality and adhere to local regulations.
For long-term investors, the setup implies a potential for capital appreciation if the trend of reduced listings and quick sales continues. However, without a specific median home value, it's difficult to quantify this appreciation accurately. What can be observed is that the current conditions suggest a favorable environment for holding properties, with the possibility of increasing equity through rising home values and rental income adjustments towards the FMR.
In summary, while the exact median home value is not available, the combination of reduced listings and quick sales signals strong pricing power for sellers. For landlords, maintaining properties to meet the FMR can ensure steady rental income growth. Small-portfolio investors should consider the positive indicators as a sign of potential appreciation but must also remain vigilant to changes in the broader economic environment that could impact housing demand and values.
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.