Location: Le Flore County, OK | Metro: Le Flore 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 | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $62,886 | 1.46% | A |
| 3BR | $1,270 | $132,117 | 0.96% | C |
U.S. Census Bureau data (2024)
The classification of ZIP code 74901 in Oklahoma hinges on a balance between yield potential and market stability. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, while the market rent stands at $748. This indicates that the rental market in ZIP 74901 is below the federal benchmark, suggesting a moderate yield environment. However, the average home value of $104,867 is significantly lower than both the FMR and market rent figures, which could imply higher profit margins for landlords who can manage properties cost-effectively.
Moving to the stability axis, ZIP 74901 shows a substantial portion of its population as renters, with 37.6% of residents renting their homes. The lack of data on days-on-market (DOM) suggests a potentially stable rental demand without significant fluctuations in vacancy rates. The median household income of $43,929 provides insight into the financial capability of the local population to sustain rental payments, indicating a need for affordable housing options. Given these factors, the market leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. Landlords and small-portfolio investors should focus on long-term rentals and property management efficiencies to maximize returns. The relatively low home values combined with a significant rental population suggest a market where steady cash flow is more likely than rapid appreciation or turnover, making it suitable for those looking to build a consistent rental portfolio.
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.