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 | $125,996 | 0.73% | D |
| 3BR | $1,270 | $227,274 | 0.56% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 74932, which includes Cameron, OK, stands at $50,750. Given the market rate of $805 for rent, it becomes evident that the cost of housing represents a significant portion of a household's budget. To put this into perspective, a household earning the median income would allocate approximately 19.2% of their annual income toward rent at the market rate.
In comparison, the Fair Market Rent (FMR) set at $960 for metro areas in fiscal year 2026 suggests that voucher holders could potentially pay a higher amount than the current market rate. This means that landlords accepting vouchers could see an increase in rental income, up to $960 per month, without placing an undue burden on tenants.
With only 19.0% of the population being renters and a total population of 2,527, the competition among landlords for tenants is relatively low. However, the affordability gap between the median income and both the market rate and FMR indicates a challenge in attracting and retaining tenants who can consistently meet rental obligations.
For landlords considering whether to accept vouchers or focus on cash-paying tenants, the decision hinges on the balance between securing a steady stream of income and navigating the administrative requirements of the voucher program. Accepting vouchers allows landlords to tap into a pool of tenants with guaranteed payments, albeit subject to the rules and regulations of the Section 8 program. On the other hand, relying on cash-paying tenants might offer greater flexibility but comes with the risk of reduced tenant availability due to the high cost of living relative to income levels.
Takeaway: Landlords in ZIP 74932 should consider the benefits of participating in the voucher program to mitigate the risk of vacancy and ensure a stable income. While the administrative overhead exists, the potential for higher rental income ($960 vs $805) and a more secure tenancy can outweigh the drawbacks in a market where affordability is a concern for many households.
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.