Location: Choctaw County, OK | Metro: Choctaw County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The classification of ZIP code 74761 hinges on the available data points for yield and stability. For yield, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,040. However, specific market rents and home values are not provided, making it challenging to assess the potential rental income against property values.
On the stability axis, the data reveals that only 7.1% of residents are renters, indicating a low demand for rental properties. The lack of information on days on market (DOM) and median income further complicates the assessment but suggests that there might be limited economic pressure driving housing demand.
Given the high FMR relative to what might be expected in a market with such a low percentage of renters, ZIP 74761 could potentially lean towards being a high-yield market. This is based on the assumption that rental prices are likely to be driven up by the FMR, which sets a benchmark for affordable housing.
However, the low percentage of renters implies instability due to the smaller pool of potential tenants. This characteristic typically leads to higher vacancy rates and longer periods of time spent finding suitable tenants, which can negatively impact cash flow consistency.
Without precise figures for market rents and home values, a definitive classification between a high-yield/low-stability flip-style market and a steady-cashflow zone remains uncertain. Nonetheless, the ZIP code appears to be more suited for short-term investments or flipping properties rather than long-term rental strategies, given the scarcity of renter data and the reliance on FMR to dictate rental pricing.
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.