Location: Haskell County, OK | Metro: Haskell County, OK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 74943 presents several challenges for landlords considering participation in the Section 8 program. Tenant turnover could be a significant issue due to the disparity between the market rent, which is currently unavailable, and the $940 Fair Market Rent (FMR) for fiscal year 2026, indicating that landlords might struggle to find tenants willing to pay the lower FMR rate. This could lead to frequent changes in occupancy, increasing administrative burdens and potentially leading to periods of vacancy.
Vacancy exposure is another concern. The Days on Market (DOM) figure is also not available, which makes it difficult to predict how long properties might remain vacant between tenancies. Extended vacancies can significantly impact cash flow, as landlords would not receive rental income during these periods.
Deferred maintenance is a critical risk factor. With a median income of $114,375 and an unknown typical home value, there is a possibility that residents may not have the financial capacity to maintain their homes adequately. This could result in higher repair costs for landlords, especially if they are required to address issues that arise due to neglect.
However, these risks must be weighed against the high concentration of renters in the area, with 11.5% of the population being renters. High renter density often correlates with greater demand for housing assistance through vouchers, which can stabilize occupancy rates and provide a steady stream of rental income. The presence of voucher holders can mitigate some of the risks associated with vacancy and tenant turnover, as they are typically reliable and have their rent subsidized.
In conclusion, despite the potential pitfalls of tenant turnover, vacancy exposure, and deferred maintenance, the high renter density in ZIP 74943 suggests a moderate risk for a first-time Section 8 landlord. The demand for assisted housing can help offset some of the operational challenges faced in this program.
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.