Location: Lincoln County, OK | Metro: Lincoln County, OK HUD Metro FMR Area
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 | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $221,578 | 0.55% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 74875 in fiscal year 2024 is set at $1010. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program, which means the maximum amount the government will pay on behalf of eligible tenants. It's important to note that this is not the rent you'll charge your tenant directly; it's the ceiling for government reimbursement.
To put this into perspective, the average rent for ZIP 74875, according to the latest Census American Community Survey (ACS) data, is $738. This suggests that the FMR is higher than the typical market rate, potentially offering a financial advantage to landlords who can secure a Section 8 tenant. The difference between the FMR and the average rent indicates a premium that the government pays to ensure affordable housing is available.
The renter share in ZIP 74875 is 12.6%, meaning that a significant portion of the population relies on renting their homes. This statistic points to a steady demand for rental properties, including those that accept Section 8 vouchers. However, the demand does not necessarily translate into an oversupply of potential tenants, so competition for vouchers might exist.
If you're looking to acquire a property in this area, the median home value is approximately $197,809. This price tag reflects the typical cost of purchasing a home in ZIP 74875, which could be a factor in your investment decision. While the initial acquisition cost is substantial, the long-term benefits of a stable income from a Section 8 tenant can offset this expense.
Before committing to a Section 8 rental, there is one critical step to verify: ensure that the property meets all the necessary inspection criteria set by the Housing Authority. These inspections are thorough and cover everything from structural integrity to safety standards, so failing to meet these requirements could delay your participation in the program or require costly repairs.
In summary, the FMR of $1010 offers a competitive rate compared to the local average rent of $738. With a 12.6% renter share indicating consistent demand, and the median home value at $197,809, Section 8 rentals can be a viable option for first-time investors in ZIP 74875. Just make sure the property passes the required inspections to avoid unnecessary complications.
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.