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 | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $920 | $111,734 | 0.82% | C |
| 3BR | $1,270 | $181,099 | 0.7% | D |
U.S. Census Bureau data (2024)
The ZIP code 74956, located in Shady Point, OK, has a population of 1,882 individuals. With 27.8% of residents being renters, it suggests a modest rental market presence rather than a heavy one. However, the percentage of renters indicates there is a significant demand for rental properties, particularly those that can cater to Section 8 tenants.
The median household income in this area stands at $57,070, which provides a benchmark for understanding the economic context of potential tenants. A market rent of $750 represents approximately 13.15% of the median income, indicating that typical rent is relatively affordable for most households. This percentage is calculated by dividing the rent by the annual income ($750 / 12 months = $9,000; $9,000 / $57,070 = 0.1575 or 15.75%).
Comparatively, the Fair Market Rent (FMR) for the metro area, set at $940 for FY 2026, is higher than the market rent of $750. This discrepancy implies that the rental market in 74956 is somewhat below the average cost for the region, potentially making it an attractive location for Section 8 tenants who have a voucher limit.
A landlord in this ZIP code should anticipate a tenant pool that heavily relies on Section 8 housing vouchers. The typical tenant will likely be someone who needs financial assistance to cover housing costs, given the relatively high proportion of income that goes towards rent even at the $750 level. This means landlords must be prepared to comply with HUD regulations and manage properties in accordance with Section 8 requirements.
To conclude, while 74956 is not dominated by homeowners, it also isn't a highly renter-heavy area. Instead, it presents a niche market for landlords willing to engage with the Section 8 program, where the demand for subsidized housing is notable but not overwhelming. The income levels suggest that tenants will be carefully managing their budgets, with a significant portion dedicated to housing expenses, especially if they are paying out-of-pocket beyond the voucher amount.
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.