Location: Pottawatomie County, OK | Metro: Pottawatomie County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 74866 presents a dynamic rental market with specific characteristics that can inform both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, set at $940 for fiscal year 2026, serves as a benchmark for rental pricing in the region, particularly for those involved with Section 8 housing programs.
A notable absence in the provided data is the current market rent, which indicates a lack of recent data on what tenants are actually paying. This gap suggests an opportunity for further research to understand how closely the actual rents align with the FMR. Additionally, the missing percentage of price-cut share and days on market (DOM) imply that there might be limited turnover or new listings in the rental sector, making it difficult to assess the typical negotiation dynamics between landlords and potential tenants.
The median home value is also not available, which could mean that homeownership is less prevalent or less tracked in this area compared to other metrics. However, the 11.1% renter share provides insight into the composition of the housing market. This relatively low percentage of renters suggests that homeownership is more common in ZIP 74866, but it also points to persistent long-term housing pressure. A smaller proportion of renters can indicate a stable core of homeowners who are likely to remain in their properties over the long term, thus creating a steady demand for rental units among those who cannot afford to buy or prefer renting.
The dynamics of ZIP 74866's rental market suggest that while there may be fewer rental units relative to owner-occupied homes, the existing rental units are likely to be well-occupied due to the ongoing need for affordable housing options. Landlords should consider the FMR as a guide for setting competitive rental rates, especially if they wish to participate in government-assisted housing programs. For small-portfolio investors, understanding the local demand for rentals, even in a market with a higher homeowner rate, is crucial for identifying opportunities and risks.
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.