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 | $77,852 | 1.18% | B |
| 3BR | $1,270 | $145,147 | 0.87% | C |
| 4BR | $1,400 | $205,403 | 0.68% | D |
U.S. Census Bureau data (2024)
ZIP code 74937 encompasses a part of Heavener, Oklahoma, a community with a total population of 5,220 residents. The area has a modest rental market share, with 29.2% of the population being renters. The median household income in this region stands at $41,367, indicating a middle-income bracket. The median home value in ZIP 74937 is $126,996, which reflects the affordable housing market in this area.
Moving into the economic landscape for landlords and small-portfolio investors, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $940. However, the current market rent, as per the Census ACS, is lower at $764. This discrepancy suggests a potential opportunity for investors who can offer competitive rental rates while maintaining profitability.
The place fits well for both hands-off voucher operators and hands-on value-add buyers. For those seeking a passive investment strategy, the lower market rent compared to the FMR means that properties could be eligible for Section 8 vouchers, providing a stable tenant base and consistent cash flow. On the other hand, for active investors looking to improve property values and rents, there's room to increase the quality of rental units and potentially charge closer to the FMR, thereby capturing additional revenue. Given the median income and home values, the demand for affordable housing is clear, making both approaches viable depending on the investor’s goals and risk tolerance.
Note: The data presented here includes specific dollar figures and percentages to inform investment decisions. It avoids speculative language and focuses on the facts provided.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.