Location: Le Flore County, OK | Metro: Le Flore County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The classification of ZIP code 74942 hinges on its financial metrics and tenant demographics. With a Fair Market Rent (FMR) of $940 for the fiscal year 2026 in the metro area versus a mere $450 in the local market, it's evident that this ZIP code does not support traditional homeownership values, as indicated by the N/A home value figure. This suggests a rental-focused market.
The proportion of renters stands at 40.0%, which is a significant share but not overwhelming. The absence of a specific day-on-market (DOM) figure implies that there isn't an excessive supply of properties available, which could indicate a balanced market condition. However, the median household income of $38,438 raises concerns about the financial stability of potential tenants.
Evaluating the yield, the disparity between the FMR and the local market rent points towards a high-yield environment. Landlords can expect to earn substantially above the typical market rate, making this area attractive for those looking to maximize their rental income. However, the lack of home value data and the relatively low median income suggest that while yields might be high, stability is compromised.
The combination of high rental yields and moderate tenant stability places ZIP 74942 in a category that leans towards being a high-yield/low-stability market. It's not entirely a steady-cashflow zone due to the potential risks associated with lower incomes and the unknown DOM, which could signal some volatility in the market. For investors, this means higher returns but also necessitates a robust screening process for tenants to mitigate the risk of instability.
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.