Location: McIntosh County, OK | Metro: McIntosh County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 74845 in metro FY 2026 is set at $970. This figure represents the payment standard for Section 8 housing vouchers in the area. It's important to note that this is not the amount you will charge tenants as rent; rather, it's the maximum amount the Housing Authority will pay towards a tenant's rent.
While the local median rent is not available, we can use the FMR as a benchmark to understand the rental market dynamics. The FMR serves as an indicator of what is considered a fair rent in the area, ensuring that landlords are not overcharging tenants and the government is providing adequate support.
The 15.6% renter share suggests that a significant portion of the population in ZIP 74845 relies on rental housing. This indicates a strong demand for rental properties, especially those that can accommodate Section 8 tenants. Given this high percentage, it's reasonable to assume that there is a substantial need for affordable housing options.
Regarding acquisition costs, the median home value data is currently unavailable. However, this does not diminish the potential benefits of investing in Section 8 rentals. The primary advantage lies in the consistent rental income guaranteed by the Housing Authority, which covers a large portion of the tenant's rent, reducing financial risk for landlords.
Before proceeding with your first Section 8 rental property in ZIP 74845, verify that the property meets all local housing quality standards known as Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants, and failure to comply can result in penalties or contract termination.
In conclusion, the FMR of $970 provides a solid foundation for understanding the rental market and the potential income you can expect from a Section 8 property. With a significant portion of the population relying on rental housing, there is a clear demand for your investment. Ensure compliance with HQS to avoid any issues and enjoy the stability that comes with Section 8 rentals.
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.