FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR- 74055
0.95ratio
FMR$1,150
Market$1,210
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR- 74055
0.97ratio
FMR$1,400
Market$1,450
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR- 74055
1.13ratio
FMR$1,840
Market$1,630
vs market+$210
FMR is above market; underwrite to market rent.
1.13
4 BR
4 BR- 74055
1.00ratio
FMR$2,140
Market$2,140
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
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
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Owasso, OK fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Owasso, OK is $1,400 a month. That is up 0.7% from $1,390 in FY 2026. Owasso is in the Tulsa, 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 Owasso is 53% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Owasso, OK
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,070
$1,080
+0.9%
$972–$1,188
1BR
$1,130
$1,150
+1.8%
$1,035–$1,265
2BR
$1,390
$1,400
+0.7%
$1,260–$1,540
3BR
$1,830
$1,840
+0.5%
$1,656–$2,024
4BR
$2,120
$2,140
+0.9%
$1,926–$2,354
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Owasso, OK
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,150
$1,400
$1,840
$2,140
FY 2026
$1,070
$1,130
$1,390
$1,830
$2,120
FY 2025
$1,030
$1,100
$1,360
$1,790
$2,070
FY 2024
$920
$1,000
$1,250
$1,650
$1,920
FY 2023
$810
$890
$1,120
$1,480
$1,720
Questions about Owasso, OK rents
How much will Section 8 pay for a two-bedroom in Owasso, OK?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,400, that basic range is $1,260 to $1,540 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 Owasso, OK in?
Owasso, OK is in the Tulsa, 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 Owasso, OK for FY 2027?
The two-bedroom FMR rose 0.7%, from $1,390 in FY 2026 to $1,400 in FY 2027. Since FY 2023 it has risen 25.0%.
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