FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR- 73066
1.23ratio
FMR$1,170
Market$950
vs market+$220
FMR is above market; underwrite to market rent.
1.23
2 BR
2 BR- 73066
1.31ratio
FMR$1,410
Market$1,080
vs market+$330
FMR is above market; underwrite to market rent.
1.31
3 BR
3 BR- 73066
1.25ratio
FMR$1,920
Market$1,540
vs market+$380
FMR is above market; underwrite to market rent.
1.25
4 BR
4 BR- 73066
1.33ratio
FMR$2,150
Market$1,620
vs market+$530
FMR is above market; underwrite to market rent.
1.33
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
--
Nicoma Park, OK fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Nicoma Park, OK is $1,410 a month. That is up 0.7% from $1,400 in FY 2026. Nicoma Park 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 Nicoma Park is 54% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Nicoma Park, OK
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$1,070
+1.9%
$963–$1,177
1BR
$1,140
$1,170
+2.6%
$1,053–$1,287
2BR
$1,400
$1,410
+0.7%
$1,269–$1,551
3BR
$1,890
$1,920
+1.6%
$1,728–$2,112
4BR
$2,090
$2,150
+2.9%
$1,935–$2,365
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Nicoma Park, OK
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,170
$1,410
$1,920
$2,150
FY 2026
$1,050
$1,140
$1,400
$1,890
$2,090
FY 2025
$980
$1,070
$1,310
$1,750
$1,910
FY 2024
$890
$950
$1,180
$1,570
$1,730
FY 2023
$790
$840
$1,040
$1,380
$1,570
Questions about Nicoma Park, OK rents
How much will Section 8 pay for a two-bedroom in Nicoma Park, OK?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 Nicoma Park, OK in?
Nicoma Park, 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 Nicoma Park, OK for FY 2027?
The two-bedroom FMR rose 0.7%, from $1,400 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 35.6%.
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