Location: Johnston County, OK | Metro: Atoka County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 74748 in Johnston County, OK metro, reveals a favorable environment for those seeking stable rental income. The HUD Fair Market Rent (FMR) for the area, set at $940 per month for fiscal year 2026, significantly exceeds the current market rent of $629 based on Census ACS data. This discrepancy means that voucher tenants can easily cashflow at the HUD FMR rate without requiring premium units.
To further understand the investment potential, consider the median home value in ZIP 74748, which stands at $219,551. Using the HUD FMR of $940, we calculate the rent-to-price ratio to be approximately 0.5%. This low ratio indicates that rental properties are undervalued relative to their market price, making them attractive for investors looking to capitalize on this gap.
The dynamics between renting and buying in ZIP 74748 are also worth noting. With a median Days on Market (DOM) of N/A and a price-cut share of N/A%, it's clear that these metrics do not significantly impact the decision-making process for investors. However, the strong cashflow potential derived from the difference between market rents and HUD FMRs remains a compelling factor.
In conclusion, the strongest angle for investors in ZIP 74748 is the cashflow potential, given the substantial gap between HUD FMRs and current market rents. This allows for a comfortable margin even when accounting for maintenance and vacancy costs, ensuring a steady and reliable income stream.
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.