Location: Le Flore County, OK | Metro: Haskell County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
22.4% of residents in ZIP 74941 are renters, indicating a significant demand for rental properties in the area. The $940 Fair Market Rent (FMR) for metro areas in fiscal year 2026 suggests that landlords can expect to charge this amount per unit for a two-bedroom apartment under the Section 8 program. Meanwhile, the market rent stands at $645 according to Census ACS data, which is lower than the FMR, potentially offering landlords an opportunity to secure higher rents through the Section 8 program. The median home value in ZIP 74941 is $156,051, reflecting the overall affordability of the housing market. However, the median income of $52,969 might limit the financial capacity of some potential tenants to afford even the $645 market rent, making the Section 8 program a viable option for both tenants and landlords.
The lack of available data on days on market (DOM) and the percentage of price-cut shares does not provide insights into the speed of property sales or the necessity of lowering asking prices, but it does highlight a gap in the local real estate market's transparency. Despite this, the difference between the market rent and the FMR, along with the low median income, points towards a scenario where the Section 8 program could be particularly advantageous for landlords and small-portfolio investors in ZIP 74941.
In conclusion, with a substantial 22.4% renter share and a median income of $52,969, the Section 8 program offers a reliable path for landlords to achieve steady occupancy rates and stable cash flows at a rate of $940 for a two-bedroom unit, higher than the current market rent of $645. This makes participating in the Section 8 program a sound investment strategy in ZIP 74941.
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.