Location: Okfuskee County, OK | Metro: Okfuskee 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 | $710 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,150 | $217,127 | 0.53% | F |
U.S. Census Bureau data (2024)
The potential pitfalls for landlords investing in Section 8 properties in ZIP code 74833 are significant. Tenant turnover poses a notable risk, with the market rent at $783 falling below the Federal Market Rent (FMR) of $950 for the fiscal year 2026 in the metropolitan area. This discrepancy can lead to higher vacancy rates and reduced cash flow. The vacancy exposure is further exacerbated by the lack of available data on days on market (DOM), indicating that there might be periods where properties remain unoccupied, leading to financial losses.
The deferred maintenance risk is also substantial. With a typical home value of $190,235 and a median income of $62,321, residents may struggle to afford necessary repairs and upkeep, potentially leaving landlords to shoulder these costs. This financial burden can significantly impact the profitability of Section 8 investments in this area.
However, these risks must be weighed against the high renter share of 19.5%. High renter density often translates into robust demand for housing vouchers, which can provide a steady stream of rental income. The Section 8 program guarantees payment of the difference between the market rent and what the tenant can afford based on their income, thus mitigating some of the financial uncertainties associated with rental properties.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and deferred maintenance, the high renter density in ZIP code 74833 suggests a moderate risk for a first-time Section 8 landlord.
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.