Location: McCurtain County, OK | Metro: McCurtain 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 | $650 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $122,474 | 1.04% | B |
U.S. Census Bureau data (2024)
48750 The median income in ZIP code 74766 reflects a modest economic base, which can impact rental demand and tenant eligibility for Section 8 programs. 116865 With a median home value of $116,865, there is significant potential for property appreciation, making it an attractive investment area. 200 However, only 20.0% of residents are renters, indicating a smaller pool of potential tenants compared to other areas. 733 Market rents at $733 suggest that landlords might face challenges in attracting tenants willing to pay higher rates, especially if they exceed the Fair Market Rent (FMR) set by HUD. 950 The FMR for the metro area in fiscal year 2026 is $950, providing a benchmark for landlords setting rents for Section 8 eligible units. While this figure allows for some flexibility in pricing, it also sets a ceiling that could limit profitability.
Despite the lower renter share, the gap between the market rent and the FMR indicates a viable opportunity for landlords participating in the Section 8 program. This program ensures steady rental income and reduces vacancy risks, given the economic profile of the area. Moreover, the lack of specific data on days on market (DOM) and price-cut share suggests that the housing market in 74766 may be stable, without significant fluctuations that could deter investors.
In conclusion, the economic indicators in ZIP 74766 present a mixed picture for real estate investors. The modest median income and lower renter share pose challenges but are balanced by the relatively low market rents and the potential for property value growth. For landlords considering Section 8 participation, the opportunity to secure consistent rental income while serving a community need makes it a strategic choice. 950 Participation in the program can ensure that rents remain competitive at around the $950 FMR threshold, maintaining occupancy rates and financial stability.
Verdict: Section 8 participation is advisable for landlords in ZIP 74766 due to the alignment with local economic conditions and the potential for stable, long-term investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.