Location: Adair County, OK | Metro: Adair 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 | $640 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,130 | $195,629 | 0.58% | F |
| 4BR | $1,350 | $309,995 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 74965 is primarily a renter-heavy area with significant potential for Section 8 tenants. With a population of 4,793, over one-third (37.3%) of residents are renters, indicating a robust demand for rental properties. This high percentage of renters suggests that there is likely a substantial number of individuals utilizing housing vouchers, including those from the Section 8 program.
The median household income in this ZIP is $51,393, which is notably lower than the Fair Market Rent (FMR) for the metro area, set at $940 per month for FY 2026. The typical market rent of $642 per month consumes approximately 15% of the median income, making it a relatively affordable option for most residents. However, the gap between the FMR and the actual market rent indicates that there may be a portion of the population for whom even the $642 rent is a challenge without financial assistance.
To put this into perspective, let's compare the market rent to the median income:
The expected tenant profile for landlords in ZIP 74965 includes individuals and families who rely heavily on rental assistance programs such as Section 8. Given the income levels and the proportion of renters, these tenants will likely have a strong need for subsidized housing. Landlords should prepare to work with local housing authorities and be familiar with the requirements and processes associated with accepting Section 8 tenants.
Investors looking to enter this market should focus on properties that can accommodate the needs of low-income households, ensuring compliance with HUD standards and being ready to navigate the administrative aspects of voucher programs. Despite the challenges, the high concentration of renters and the availability of vouchers make this ZIP an attractive location for those willing to engage with the Section 8 system.
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.