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 | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $276,144 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 74741, located in Bryan County, OK, serves as a valuable component of a diversified Section 8 portfolio strategy. With a median home value of $264,816 and a significant 21.8% renter share, this area presents opportunities for both rental income and potential long-term appreciation.
A key consideration for landlords and small-portfolio investors is the financial feasibility of renting properties to tenants participating in the Section 8 program. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, while the market rent stands at $842. This $118 spread between the FMR and market rent indicates that properties in ZIP 74741 can generate positive cash flow when rented to Section 8 tenants, making it a suitable anchor for stable income.
Additionally, the median income in ZIP 74741 is $67,500, which supports the demand for affordable housing options such as those provided through the Section 8 program. This income level ensures a steady stream of potential tenants who qualify for the assistance, thereby reducing vacancy risks and enhancing portfolio stability.
While appreciation plays are typically sought after for capital gains, the lack of specific data regarding price-cut shares and days on market (DOM) suggests that ZIP 74741 is not currently experiencing rapid growth or high demand that would categorize it as an appreciation play. Instead, the focus should remain on its role as a reliable cash-flow generator and diversifier within a broader investment strategy.
In conclusion, ZIP 74741 is best positioned as a cash-flow anchor within a Section 8 portfolio due to the favorable spread between FMR and market rent, coupled with a substantial renter share and median income that supports ongoing tenant demand. This makes it a solid choice for landlords and small-portfolio investors looking to balance risk and reward in their real estate investments.
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.