FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 73084
1.14ratio
FMR$1,080
Market$950
vs market+$130
FMR is above market; underwrite to market rent.
1.14
2 BR
2 BR- 73084
1.24ratio
FMR$1,310
Market$1,060
vs market+$250
FMR is above market; underwrite to market rent.
1.24
3 BR
3 BR- 73084
1.35ratio
FMR$1,780
Market$1,320
vs market+$460
FMR is above market; underwrite to market rent.
1.35
4 BR
4 BR- 73084
1.28ratio
FMR$1,990
Market$1,550
vs market+$440
FMR is above market; underwrite to market rent.
1.28
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
--
Spencer, OK fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Spencer, OK is $1,310 a month. That is up 0.8% from $1,300 in FY 2026. Spencer 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 Spencer is 43% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Spencer, OK
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$990
+1.0%
$891–$1,089
1BR
$1,060
$1,080
+1.9%
$972–$1,188
2BR
$1,300
$1,310
+0.8%
$1,179–$1,441
3BR
$1,750
$1,780
+1.7%
$1,602–$1,958
4BR
$1,940
$1,990
+2.6%
$1,791–$2,189
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Spencer, OK
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,080
$1,310
$1,780
$1,990
FY 2026
$980
$1,060
$1,300
$1,750
$1,940
FY 2025
$910
$990
$1,210
$1,620
$1,760
FY 2024
$790
$850
$1,050
$1,400
$1,540
FY 2023
$670
$710
$880
$1,170
$1,330
Questions about Spencer, OK rents
How much will Section 8 pay for a two-bedroom in Spencer, OK?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,310, that basic range is $1,179 to $1,441 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 Spencer, OK in?
Spencer, 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 Spencer, OK for FY 2027?
The two-bedroom FMR rose 0.8%, from $1,300 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 48.9%.
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