Location: Seminole County, OK | Metro: Seminole County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The ZIP code 74830 is a small market with a population of 148 individuals. Only 15.8% of the residents are renters, indicating that this area is primarily dominated by homeowners rather than renters. This suggests that the demand for Section 8 vouchers in the rental market may be relatively low compared to larger, more renter-heavy areas.
The median household income in ZIP 74830 is $53,750. Considering a typical market rent of $850, this represents approximately 16% of the median household income. When comparing this figure to the Fair Market Rent (FMR) of $950 for the fiscal year 2026, it becomes evident that rents in 74830 are slightly below the FMR, which could be an advantage for landlords seeking to attract tenants with vouchers.
A landlord in ZIP 74830 can expect a tenant pool that is likely to include individuals who benefit from housing assistance programs such as Section 8. These tenants will have a portion of their rent subsidized, making up to $950 in FMR affordable. However, given the low percentage of renters in the area, the competition for Section 8 tenants might be less intense compared to areas with a higher proportion of renters.
To summarize, while ZIP 74830 has a small tenant base, landlords can still leverage the presence of Section 8 vouchers to fill units at market rates. The typical rent of $850 consumes about 16% of the median income, which aligns well with the financial capabilities of those receiving housing assistance. Landlords should prepare for a mix of tenants, including those with vouchers, who are looking for affordable housing options in a predominantly homeowner community.
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.