Location: Okfuskee County, OK | Metro: Okmulgee County, OK HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The Section 8 HUD Fair Market Rent (FMR) for ZIP 74880 (Henryetta, OK) in fiscal year 2024 is set at $890. In contrast, the market rent based on Census ACS data is significantly lower at $639. This indicates that voucher tenants can generally cashflow at the FMR rate, meaning landlords can expect positive cashflow without needing to offer premium units.
The median home value in ZIP 74880 is $112,337. Using this figure, we can calculate a rent-to-price ratio. At the FMR rate of $890, the annual rent would be approximately $10,680, resulting in a rent-to-price ratio of about 9.5%. This suggests that renting properties in this area is economically viable compared to owning them, given the relatively low property values.
Note that the median days on market (DOM) and the percentage of price cuts are not applicable (N/A) in this context, as they do not directly impact the rent-vs-buy dynamics for Section 8 investors. However, the stability of the local housing market is a strong consideration for investors.
The strongest investor angle in ZIP 74880 is cashflow, due to the positive difference between the HUD FMR and the actual market rent, ensuring landlords receive above-average rents for the area.
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.