Section 8 Fair Market Rent (FMR) for ZIP 74827 - 2027

Location: Hughes County, OK | Metro: Hughes County, OK

Investment Score for ZIP 74827

N/A

Monthly Rent (2BR)

$950

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$720
1 Bedroom	$730
2 Bedrooms	$950
3 Bedrooms	$1,130
4 Bedrooms	$1,350
5 Bedrooms	$1,566
6 Bedrooms	$1,754
7 Bedrooms	$1,894
8 Bedrooms	$1,989

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,130	$237,394	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

330

Median Household Income

$62,083

Housing Units

214

Renter Percentage

25.2%

Occupancy Rate

57.5%

Renter Occupied

The ZIP code 74827, located in Tahlequah, Oklahoma, offers a stable and modest real estate market suitable for landlords and small-portfolio investors looking for a reliable investment opportunity. The area is known for its quiet neighborhoods and proximity to cultural landmarks, making it attractive for both residents and property owners.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $950, indicating the rental rates that are competitive and sustainable for the region.
The average market rent based on Census American Community Survey (ACS) data is $708, suggesting that there is room for modest increases in rental pricing without alienating tenants.
The median home value in ZIP 74827 is $230,154, which is relatively low compared to many metropolitan areas, making property acquisition feasible for smaller investors.
Renters make up 25.2% of the population, showing a moderate demand for rental properties but also indicating that a significant portion of the community owns their homes.
The median income in the area is $62,083, providing insight into the financial stability of potential tenants and homeowners.

Investors can expect a balanced market where rental prices are currently below the FMR threshold, allowing for gradual adjustments. The median home value suggests that property acquisition costs are manageable, while the median income supports the viability of rental operations. With a moderate renter share, there is a steady demand for rental units, although competition may be present. Overall, ZIP 74827 presents a stable environment for those interested in long-term, low-risk real estate investments.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.