FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR- 73064
1.03ratio
FMR$1,210
Market$1,170
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.03
2 BR
2 BR- 73064
1.13ratio
FMR$1,470
Market$1,300
vs market+$170
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR- 73064
1.28ratio
FMR$1,990
Market$1,560
vs market+$430
FMR is above market; underwrite to market rent.
1.28
4 BR
4 BR- 73064
1.11ratio
FMR$2,240
Market$2,010
vs market+$230
FMR is above market; underwrite to market rent.
1.11
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Mustang, OK fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mustang, OK is $1,470 a month. That is up 0.7% from $1,460 in FY 2026. Mustang is in the Oklahoma City, OK HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Oklahoma is $916, so Mustang is 60% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mustang, OK
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,100
$1,110
+0.9%
$999–$1,221
1BR
$1,190
$1,210
+1.7%
$1,089–$1,331
2BR
$1,460
$1,470
+0.7%
$1,323–$1,617
3BR
$1,970
$1,990
+1.0%
$1,791–$2,189
4BR
$2,180
$2,240
+2.8%
$2,016–$2,464
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mustang, OK
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,110
$1,210
$1,470
$1,990
$2,240
FY 2026
$1,100
$1,190
$1,460
$1,970
$2,180
FY 2025
$1,040
$1,130
$1,390
$1,860
$2,020
FY 2024
$970
$1,050
$1,290
$1,720
$1,900
FY 2023
$910
$960
$1,190
$1,590
$1,800
Questions about Mustang, OK rents
How much will Section 8 pay for a two-bedroom in Mustang, OK?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,470, that basic range is $1,323 to $1,617 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Mustang, OK in?
Mustang, OK is in the Oklahoma City, OK HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Mustang, OK for FY 2027?
The two-bedroom FMR rose 0.7%, from $1,460 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 23.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set