Section 8 Fair Market Rent (FMR) for ZIP 74963 - 2027
Location: McCurtain County, OK | Metro: McCurtain County, OK
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $640 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$65,833
To determine if a landlord should invest in ZIP code 74963 for Section 8 properties, follow this decision tree:
- Does FMR $940 (metro FY 2026) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not purchase a property in this ZIP code for Section 8 purposes, as the Fair Market Rent (FMR) does not cover the necessary financial obligations.
- Is market rent above, at, or below FMR?
- If market rent is above FMR: The area has higher rental values, which could indicate strong demand. However, it also means that Section 8 tenants might struggle to find suitable housing. Consider the specific gap between market rent and FMR.
- If market rent is at or slightly below FMR: This suggests a balanced market where Section 8 vouchers can cover the rent. It's a favorable condition for landlords looking to attract these tenants.
- If market rent is significantly below FMR: There may be an oversupply of affordable housing, leading to reduced competition and potentially lower occupancy rates. It depends on the landlord's risk tolerance and investment strategy.
- Are 11.6% renters plus N/A-day Days On Market (DOM) enough demand?
- If the DOM is low (e.g., less than 30 days): Despite the relatively low percentage of renters, quick turnover indicates strong demand. Yes, it makes sense to buy here.
- If the DOM is moderate (e.g., 30-60 days): Demand is present but not overwhelming. It depends on the landlord's ability to manage vacancies and the overall rental market dynamics.
- If the DOM is high (e.g., over 60 days): High DOM suggests weak demand, even with the given renter percentage. No, purchasing a property here would likely result in prolonged vacancy periods.
Note: The data provided lacks specific details about market rent and DOM, making some assessments contingent upon additional research. The key metrics for decision-making are the FMR covering debt service and the balance between renter demographics and market conditions.
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.