Location: Le Flore County, OK | Metro: Latimer 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 | $1,260 |
| 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 | $126,627 | 0.73% | D |
| 3BR | $1,260 | $229,648 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 74966, located in Hodgen, OK, within the Le Flore County, OK metro, presents a unique profile when compared to typical ZIP codes in the county. With a Fair Market Rent (FMR) of $940 for fiscal year 2026, it slightly exceeds the average market rent of $815. This indicates that the area might be slightly more expensive for renters than the broader county average.
The median home value in ZIP 74966 is $206,383. This figure is indicative of a mid-tier neighborhood within the Le Flore County metro. Home values can vary widely across different areas, but this price point suggests a moderate investment opportunity for landlords and investors.
A noteworthy aspect of ZIP 74966 is its renter share, which stands at 16.9%. While this percentage is not exceptionally high, it does suggest a decent number of renters in the area. A higher renter share with below-average home values can indicate a favorable environment for Section 8 properties, as it signals a concentration of affordable rental housing. However, with a home value that is above the typical range, 74966 does not fully fit into the classic Section 8 sweet spot scenario.
To conclude, ZIP 74966 appears to be a mid-tier neighborhood within the Le Flore County, OK metro. It offers a balance between rental costs and home values, making it an attractive option for those looking to invest in moderately priced real estate. The renter share, while not extraordinarily high, still represents a significant portion of the population that could benefit from Section 8 housing assistance.
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.