Skip to main content
Loading page
Cleveland County/Choctaw/73020

73020

ZIPSAFMR
Cleveland County, OK
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$1,170$930
1 BR$1,280$950
2 BR$1,550$1,150
3 BR$2,100$1,660
4 BR$2,360$1,850
5 BR$2,714Not available
6 BR$3,121Not available
7 BR$3,589Not available
8 BR$4,128Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMR$1,550
Market rentUsed$1,150
Est. payment standard (90%)$1,400
-Principal and interest-$551
Loan amount$87,178
Down payment$21,795
Rate6.50%
Term30 years
-Operating costs-$399
Property taxes-$109
Insurance-$175
Utilities$0
HOA$0
Management-$115
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,702(85.8% ROI)
Projected value
$117,352
Return breakdown
Property appreciation+$8,379
Loan principal paid down+$3,123
Rental cash flow+$7,200
5-year hold
+$31,890(146.3% ROI)
Projected value
$123,293
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,570
Rental cash flow+$12,000
10-year hold
+$67,794(311.1% ROI)
Projected value
$139,495
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.26
1 BR
1.35
2 BR
1.35
3 BR
1.27
4 BR
1.28
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 73020 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73020 (Choctaw, OK) is $1,550 a month. That is up 1.3% from $1,530 in FY 2026. Choctaw 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 30 ZIP codes in Cleveland County, 73020 has the 3rd-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73020 is 69% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73020
BedroomsFY 2027Change90–110% range
Studio$1,170+1.7%$1,053–$1,287
1BR$1,280+2.4%$1,152–$1,408
2BR$1,550+1.3%$1,395–$1,705
3BR$2,100+1.9%$1,890–$2,310
4BR$2,360+3.5%$2,124–$2,596

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73020
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,170$1,280$1,550$2,100$2,360
FY 2026$1,150$1,250$1,530$2,060$2,280
FY 2025$1,080$1,170$1,440$1,920$2,100
FY 2024$980$1,050$1,300$1,730$1,910
FY 2023$890$950$1,170$1,560$1,770

Two-bedroom rent in nearby Cleveland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 73020
73019$1,310−15.5%
73020Current$1,550—
73026$1,220−21.3%
73051$1,090−29.7%
73068$1,210−21.9%
73069$1,230−20.6%
73070$1,280−17.4%
73071$1,280−17.4%
73072$1,320−14.8%
73104$1,710+10.3%
73110$1,180−23.9%
73111$1,090−29.7%

Questions about ZIP 73020 rents

How much will Section 8 pay for a two-bedroom in ZIP 73020?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,550, that basic range is $1,395 to $1,705 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 73020 in?

ZIP 73020 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 73020 for FY 2027?

The two-bedroom FMR rose 1.3%, from $1,530 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 32.5%.

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

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