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 | $1,290 |
| 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 74944 stands out due to its unique data profile. With only 1,116 residents, it represents a small community where 13.3% of the population rents their homes. The median income in this area is relatively low at $36,944, while the median home value is significantly higher at $166,608.
The economic landscape for Section 8 vouchers in ZIP 74944 is particularly interesting. For fiscal year 2026, the Fair Market Rent (FMR) for a metro area is set at $940. This contrasts sharply with the current market rent, which is recorded at $625 according to the Census ACS data. This discrepancy means that landlords who participate in the Section 8 program can potentially receive higher rents compared to the local market rate.
Given these figures, the ZIP code 74944 appears to be a transitional market. The low rental rate among the population suggests that homeownership is preferred, but the disparity between the FMR and the actual market rent indicates a growing need for affordable housing options. Landlords and small-portfolio investors should consider the potential benefits of participating in the Section 8 program, as it can provide a more stable and predictable source of income compared to the local market fluctuations.
To summarize, ZIP 74944 is a small community with limited rental activity and a significant gap between median income and home values. However, the opportunity to leverage Section 8 vouchers at a higher rate than the current market offers a compelling incentive for landlords and investors looking to stabilize their cash flow. The data points towards a transitional phase, where the demand for affordable housing is likely to increase, making Section 8 participation an attractive option.
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.