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 | $660 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $129,750 | 1% | B |
U.S. Census Bureau data (2024)
The ZIP code 74951 presents several challenges for potential Section 8 landlords. Tenant turnover could be a significant issue due to the substantial gap between the market rent of $785 and the Fair Market Rent (FMR) of $1,010 for the fiscal year 2026 in the metropolitan area. This disparity suggests that tenants might find it difficult to afford higher rents outside the Section 8 program, leading to frequent moves.
Vacancy exposure is another concern. The days on market (DOM) figure is not available, which makes it hard to predict how long a property might remain vacant between tenants. However, with a typical home value of $116,995 and a median income of $49,375, many residents may struggle to cover the costs of homeownership, potentially increasing the competition for rental properties and the use of vouchers.
The deferred maintenance exposure is considerable. Given the lower median income compared to the typical home value, landlords should expect that tenants may have limited funds for non-emergency repairs. This can result in a backlog of maintenance needs that the landlord must address, impacting the overall profitability of the investment.
Despite these risks, there is a silver lining. With 38.2% of the population being renters, there is a high concentration of potential voucher holders. High renter density usually translates into greater demand for Section 8 housing, which can help mitigate vacancy concerns and ensure steady cash flow.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.