Location: Pontotoc County, OK | Metro: Pontotoc County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
ZIP code 74821, located within Pontotoc County, OK, has a Fair Market Rent (FMR) of $990 for fiscal year 2026. This figure represents the maximum amount that a low-income household can pay for housing under the Section 8 program. Comparatively, the lack of specific market rent and home value data for ZIP 74821 suggests that it might be less developed or have fewer properties listed compared to other ZIP codes in Pontotoc County.
The absence of data on market rent and home values indicates that this area could potentially be a value pocket within the metro. Value pockets are typically characterized by lower-than-average rents and home values, which make them attractive for both landlords and tenants seeking affordable options. Since the FMR of $990 is a government-set benchmark, it implies that the actual market rent could be lower, especially if there is a significant difference between the FMR and typical market rates in Pontotoc County.
The unknown percentage of renter share further complicates the picture but also hints at a potential sweet spot for Section 8 investors. High renter share combined with below-average home values often signals areas where Section 8 vouchers are particularly beneficial. However, without definitive data on the renter share, we cannot conclusively state that 74821 is such a sweet spot. But given the FMR and the lack of higher market rents, it is reasonable to infer that this ZIP code leans towards being a value pocket rather than a premium sub-market.
To summarize, ZIP 74821 appears to be a value pocket within Pontotoc County, OK, due to its defined FMR of $990 and the absence of competitive market rent and home value data. This makes it an attractive option for landlords looking to serve low-income households with Section 8 vouchers, as the cost of renting would likely be lower than in more developed ZIP codes within the same county.
Data Sources: FMR data from HUD (2027).
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.