Location: Lincoln County, OK | Metro: Lincoln County, OK HUD Metro FMR Area
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 | $860 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $190,002 | 0.68% | D |
U.S. Census Bureau data (2024)
The median income in ZIP code 74832 stands at $51,250, while the market rate for rent is $790 according to the Census ACS data. This means that a significant portion of households may struggle to cover the cost of housing at market rates, especially when considering other essential expenses.
Comparatively, the Fair Market Rent (FMR) for the area, which is set at $1030 for fiscal year 2024, exceeds both the median income and the current market rate. This discrepancy highlights an affordability gap where many residents might find it challenging to secure housing without financial assistance.
With 20.5% of the population renting and a total population of 930, there is a notable demand for rental properties. However, the limited purchasing power of the average household could lead to increased competition among landlords who must balance their rental offerings between those who can pay cash and those who rely on vouchers.
The takeaway for landlords is clear: focusing solely on market-rate tenants may limit your occupancy, given the income levels and the high FMR. Landlords should consider accepting Section 8 vouchers as part of their strategy, as it opens up a broader tenant pool and helps mitigate the risk of vacancies. By doing so, landlords can ensure steady income streams and maintain competitive positioning in the local market.
In summary, the affordability gap in ZIP 74832 suggests that landlords will need to adapt their strategies to include voucher tenants to remain competitive and profitable. The median income is below both the market rate and the FMR, indicating that many potential renters will require assistance to meet their housing needs.
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.