Section 8 Fair Market Rent (FMR) for ZIP 74872 - 2027

Location: Pontotoc County, OK | Metro: Oklahoma City, OK HUD Metro FMR Area

Investment Score for ZIP 74872

C
Monthly Rent (2BR)
$920
Median Price (2BR)
$97,321
1% Rule
0.95%
Annual Yield
11.34%

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

Unit Size Monthly FMR
Studio$690
1 Bedroom$700
2 Bedrooms$920
3 Bedrooms$1,210
4 Bedrooms$1,480
5 Bedrooms$1,717
6 Bedrooms$1,923
7 Bedrooms$2,077
8 Bedrooms$2,181

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $920 $97,321 0.95% C
3BR $1,210 $218,232 0.55% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
2,901
Median Household Income
$56,321
Housing Units
1,378
Renter Percentage
29.9%
Occupancy Rate
86.6%
Renter Occupied
357

The Fair Market Rent (FMR) for ZIP code 74872, Stratford, OK, in fiscal year 2024 is set at $920. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not necessarily the rent you will receive; it's the ceiling price for your property.

In comparison, the average rent in Stratford, OK, based on recent Census American Community Survey (ACS) data, is $672. This suggests that the FMR is higher than the typical market rate, which could be advantageous for landlords participating in the Section 8 program.

The renter share in Stratford, OK, is 29.9%, indicating a substantial portion of the population relies on renting for housing. This percentage suggests there is a reasonable demand for rental properties, including those that might be part of the Section 8 program. However, it's crucial to understand that demand alone does not guarantee occupancy, especially when dealing with government-subsidized programs.

If you're considering purchasing a property to become a Section 8 rental, the median home value in Stratford, OK, is around $189,844. This figure provides a baseline for understanding the potential acquisition cost of a property suitable for Section 8 tenants. Keep in mind that property values can vary widely depending on the condition and location of the property.

Before committing to a Section 8 rental property, ensure that the property meets all HUD (Department of Housing and Urban Development) standards. This includes passing a thorough inspection to confirm that it is safe, decent, and sanitary. This verification step is critical because failing to meet these standards can result in non-payment or termination from the program.

Remember, while the FMR of $920 is the cap, your actual rent could be lower if the tenant's income is less than 30% of the area median income. The goal is to find a balance where the rent covers your costs and provides a modest profit, but does not exceed the FMR.

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.