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Oklahoma County/Edmond/73003

73003

ZIPSAFMR
Oklahoma County, OK
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$1,200$1,280
1 BR$1,310$1,160
2 BR$1,590$1,200
3 BR$2,160$1,680
4 BR$2,420$1,960
5 BR$2,783Not available
6 BR$3,200Not available
7 BR$3,681Not available
8 BR$4,233Not available

Purchase Price Calculator

Maximum purchase price
$116,403

Cost breakdown

+Likely effective rent$1,200
HUD FMR$1,590
Market rentUsed$1,200
Est. payment standard (90%)$1,430
-Principal and interest-$589
Loan amount$93,122
Down payment$23,281
Rate6.50%
Term30 years
-Operating costs-$411
Property taxes-$116
Insurance-$175
Utilities$0
HOA$0
Management-$120
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,487(83.7% ROI)
Projected value
$125,353
Return breakdown
Property appreciation+$8,950
Loan principal paid down+$3,336
Rental cash flow+$7,200
5-year hold
+$33,246(142.8% ROI)
Projected value
$131,699
Return breakdown
Property appreciation+$15,296
Loan principal paid down+$5,950
Rental cash flow+$12,000
10-year hold
+$70,780(304.0% ROI)
Projected value
$149,006
Return breakdown
Property appreciation+$32,603
Loan principal paid down+$14,177
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.90
1 BR
1.13
2 BR
1.32
3 BR
1.29
4 BR
1.23
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 73003 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73003 (Edmond, OK) is $1,590 a month. That is down 1.2% from $1,610 in FY 2026. Edmond 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. Among 82 ZIP codes in Oklahoma County, 73003 has the 9th-highest two-bedroom rent (county range $920–$1,900). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73003 is 74% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73003
BedroomsFY 2027Change90–110% range
Studio$1,200−0.8%$1,080–$1,320
1BR$1,310−0.8%$1,179–$1,441
2BR$1,590−1.2%$1,431–$1,749
3BR$2,160−0.5%$1,944–$2,376
4BR$2,420+0.8%$2,178–$2,662

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73003
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,200$1,310$1,590$2,160$2,420
FY 2026$1,210$1,320$1,610$2,170$2,400
FY 2025$1,160$1,250$1,540$2,060$2,240
FY 2024$1,070$1,140$1,410$1,880$2,070
FY 2023$980$1,030$1,280$1,710$1,940

Two-bedroom rent in nearby Oklahoma County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 73003
73003Current$1,590—
73007$1,090−31.4%
73008$1,220−23.3%
73012$1,900+19.5%
73013$1,710+7.5%
73020$1,550−2.5%
73025$1,490−6.3%
73034$1,370−13.8%
73045$1,120−29.6%
73049$1,120−29.6%
73054$1,020−35.8%
73065$1,150−27.7%

Questions about ZIP 73003 rents

How much will Section 8 pay for a two-bedroom in ZIP 73003?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,590, that basic range is $1,431 to $1,749 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 ZIP 73003 in?

ZIP 73003 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 ZIP 73003 for FY 2027?

The two-bedroom FMR fell 1.2%, from $1,610 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 24.2%.

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

County fair market rentEdmond, OK fair market rentOK statewide rentsWhat is SAFMR?Data sources