Section 8 Fair Market Rent (FMR) for ZIP 74867 - 2027

Investment Score for ZIP 74867

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A landlord considering whether to invest in ZIP code 74867 for Section 8 properties must evaluate several factors. Let's break down the decision process:

• If the answer to the first question is yes: Does the Fair Market Rent (FMR) of $980 per month cover the debt service on a property valued at $195,929? If the FMR can indeed cover the monthly mortgage payment, then the investment is financially viable. However, this does not guarantee profitability; other costs such as maintenance, insurance, and property taxes need to be factored in.
• If the answer is no: The FMR of $980 per month does not cover the debt service on a $195,929 property. In this case, the investment would not be advisable without additional sources of income or subsidies that could bridge the gap between the FMR and the required debt service.
• If the market rent of $538 per month is above the FMR: This indicates that the landlord might have the opportunity to charge more than the FMR if they are not exclusively targeting Section 8 tenants. However, for those who are, the FMR cap would limit their rental income. The decision then hinges on the ability of the FMR to cover expenses.
• If the market rent is at or below the FMR: There is less risk of overpricing the rental units, which means the landlord can rely on the FMR to set competitive rates. But the same considerations about covering debt service apply.
• If there is sufficient demand: With 17.1% of the population being renters, there is a notable rental market presence. The addition of the number of days on the market (DOM) being listed as N/A suggests either a robust demand where properties don't stay long on the market or insufficient data to make an accurate assessment. In either case, a significant portion of the population renting implies potential demand for Section 8 units.
• If there isn't sufficient demand: The 17.1% renter rate is the primary indicator of demand. Without a specific DOM figure, it's challenging to determine how quickly rentals are filled. However, given the renter percentage, it's likely that demand is adequate, but the landlord must consider the competition and vacancy rates to ensure steady occupancy.

The final decision will depend on the answers to these questions. If the FMR covers debt service and the market rent is competitive, the investment is feasible. If demand is strong, it further supports the viability of purchasing in ZIP 74867. Otherwise, the landlord should reconsider or explore ways to mitigate risks, such as reducing the purchase price or seeking properties with lower operating costs.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.