Location: Pottawatomie County, OK | Metro: Pottawatomie 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 | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $103,873 | 0.89% | C |
| 3BR | $1,220 | $176,978 | 0.69% | D |
| 4BR | $1,440 | $282,415 | 0.51% | F |
U.S. Census Bureau data (2024)
In ZIP code 74873, there are several potential risks for landlords considering Section 8 investments. First, tenant turnover can be a significant issue. The market rent stands at $803, while the Fair Market Rent (FMR) for fiscal year 2026 is set at $940 for the metropolitan area. This difference indicates that landlords might face challenges in retaining tenants who are accustomed to paying less on the open market. Second, vacancy exposure is another concern. The days on market (DOM) data is currently unavailable, which suggests an uncertain timeframe for filling vacancies. Third, the deferred maintenance exposure is notable, with a typical home value of $167,513 and a median income of $55,803. These figures imply that homeowners in this area may struggle to afford necessary repairs and maintenance, potentially leading to subpar living conditions.
Despite these risks, the high renter share of 28.3% provides a strong counterbalance. High renter density typically translates into higher demand for rental properties, including those that accept Section 8 vouchers. This increased demand can help mitigate the risk of vacancies and ensure a steady stream of tenants. Furthermore, the presence of a substantial number of renters often means that landlords can find reliable occupants willing to use their vouchers to pay rent, stabilizing cash flow.
The verdict for ZIP 74873 is a moderate risk for a first-time Section 8 landlord. While there are clear challenges associated with tenant turnover and deferred maintenance, the high renter share offers a solid foundation for demand and stability.
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.