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 | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $127,040 | 0.72% | D |
| 3BR | $1,270 | $187,770 | 0.68% | D |
| 4BR | $1,410 | $276,757 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 74902, located in Pocola, OK, has a population of 4,423 residents. Among them, 29.9% are renters, indicating a modest but present rental market. The median household income in this area is $50,545, which provides a baseline for assessing the affordability of housing.
The market rent for ZIP 74902 is $826, representing a significant portion of the median income. Specifically, typical rent consumes approximately 16.3% of the median household income. This percentage is calculated by dividing the market rent by the annual median income ($826 / $50,545 * 12 months), highlighting that rent is a substantial expense for many households.
Comparing the market rent to the Fair Market Rent (FMR) of $940, as set for FY 2026 in the metro area, reveals that the actual rent is slightly below the FMR. This suggests that while there may be some competition for rental units, the overall cost of renting in 74902 is somewhat lower than the regional average, potentially making it easier for tenants to secure housing with their vouchers.
The tenant profile a landlord should expect in ZIP 74902 includes individuals and families who rely on Section 8 housing vouchers to afford their living spaces. Given the income levels and the relatively low market rent compared to the FMR, these tenants will likely be seeking affordable housing options that do not exceed their budget constraints. Landlords can anticipate that a considerable number of applicants will have a monthly voucher amount close to the FMR of $940, providing a steady stream of potential tenants who are looking for units within their means.
In summary, ZIP 74902 is neither a renter-heavy area nor a homeowner-dominated one, but rather a region with a balanced mix of both. However, the presence of 29.9% renters indicates a solid demand for rental properties, especially those that offer affordable rates. The expected tenant will be someone who requires assistance through housing vouchers to manage the cost of living, given the high proportion of income dedicated to rent. Landlords should prepare to work within the parameters set by the Section 8 program, ensuring their properties meet the necessary standards while also offering competitive pricing to attract tenants.
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.