Location: Choctaw County, OK | Metro: Choctaw County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The rent math in ZIP 74756 does not work in favor of landlords. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,130, which is significantly higher than the current market rent of $688. This discrepancy means that landlords would need to either lower their rental rates to match the market or face difficulty in renting out properties.
Acquisition in ZIP 74756 is not particularly affordable for landlords or small-portfolio investors. The median home value stands at $204,369, indicating that property purchases come at a high cost. Unfortunately, the data does not provide insights into the average days on the market (DOM) or the percentage of homes that were listed at a discount, which could have helped assess the ease of acquiring properties.
Tenant demand in ZIP 74756 is modest at best. With a total population of 754, only 15.6% of the residents are renters. This suggests a limited pool of potential tenants, making it challenging to find enough occupants to fill available rental units.
In summary, ZIP 74756 presents a challenging environment for landlords and small-portfolio investors due to the mismatch between FMR and market rent, the high median home value, and the relatively low renter share of the population. These factors combined suggest that while there might be some opportunities, the overall conditions are not favorable for those looking to enter or expand in this rental market.
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.