Location: Seminole County, OK | Metro: Seminole County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The rent math in ZIP 74837 does not favorably align for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,060, while the current market rent as per the Census ACS is only $867. This discrepancy indicates that landlords may struggle to achieve rents at the FMR level, resulting in lower potential income.
Regarding acquisition affordability, the data presents several challenges. The median home value is listed as N/A, which means there is insufficient information to assess the typical cost of homes in this area. Similarly, the days on market (DOM) and the percentage of homes needing price cuts before selling are also marked as N/A. These gaps suggest that acquiring properties in ZIP 74837 could be unpredictable and potentially difficult without further detailed analysis.
Tenant demand in ZIP 74837 is relatively low. With a total population of 153, only 10.8% are renters. This translates to approximately 16 potential tenants, indicating a limited pool of prospective renters. Given such a small number of renters, it would be challenging to fill vacancies consistently and maintain a steady stream of rental income.
Verdict: Investment in ZIP 74837 appears to be unattractive due to the unfavorable rent math, the lack of clear data on acquisition costs, and the low tenant demand. Landlords and small-portfolio investors should consider other areas with more promising financial indicators and a larger pool of renters to ensure profitability and sustainability.
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.