For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73022 (Concho, OK) is $1,400 a month. That is up 1.4% from $1,380 in FY 2026. Concho 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 18 ZIP codes in Canadian County, 73022 is tied for the 7th-highest two-bedroom rent (county range $970–$1,900). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73022 is 53% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 73022
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,040
$1,060
+1.9%
$954–$1,166
1BR
$1,130
$1,150
+1.8%
$1,035–$1,265
2BR
$1,380
$1,400
+1.4%
$1,260–$1,540
3BR
$1,860
$1,900
+2.2%
$1,710–$2,090
4BR
$2,060
$2,130
+3.4%
$1,917–$2,343
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 73022
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,150
$1,400
$1,900
$2,130
FY 2026
$1,040
$1,130
$1,380
$1,860
$2,060
FY 2025
$980
$1,060
$1,300
$1,740
$1,890
FY 2024
$910
$970
$1,200
$1,600
$1,770
FY 2023
$850
$900
$1,110
$1,480
$1,680
Two-bedroom rent in nearby Canadian County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 73022?
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 ZIP 73022 in?
ZIP 73022 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 73022 for FY 2027?
The two-bedroom FMR rose 1.4%, from $1,380 in FY 2026 to $1,400 in FY 2027. Since FY 2023 it has risen 26.1%.
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