Location: Okfuskee County, OK | Metro: Hughes 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 | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,200 | $128,461 | 0.93% | C |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 74839 presents a unique opportunity for both landlords and small-portfolio investors, anchored by a median home value of $126,578. Despite the lack of specific percentages for listings that have been reduced and the median days on market (DOM), the low median home value suggests a market where pricing power remains strong for those willing to invest.
The discrepancy between the Fair Market Rent (FMR) set at $1,030 for the fiscal year 2026 and the current market rent of $633 (based on Census ACS data) points to an upward pressure on rental rates. This dynamic indicates that there is room for rent increases without losing tenants, given the gap between the FMR and the actual market rate. As the FMR adjusts to reflect changes in the cost of living and housing demand, it signals a potential for rental income growth in the coming years.
For long-term investors, the setup implies a conservative appreciation thesis. While the median home value is currently low, the potential for rental income to rise towards the FMR level provides a steady income stream. Additionally, if the local economy strengthens or attracts new residents, the median home value could appreciate, offering capital gains alongside rental income.
The current state of the market, characterized by its affordability and the disparity between FMR and actual rents, suggests a stable investment environment. Landlords and investors can expect to maintain their pricing power in the short term, with the possibility of moderate appreciation over the next 12-24 months, contingent upon broader economic conditions and population trends.
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.