73023

ZIPSAFMR

Grady County, OK

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$700	$770	5.3%
1 BR	$770	$850	4.2%
2 BR	$1,010	$1,110	4.3%
3 BR	$1,360	$1,430	5.1%
4 BR	$1,690	$1,540	4.8%
5 BR	$1,943	Not available	4.8%
6 BR	$2,235	Not available	4.8%
7 BR	$2,570	Not available	4.7%
8 BR	$2,956	Not available	4.8%

Purchase Price Calculator

Maximum purchase price

$103,029

Cost breakdown

+Likely effective rent$1,110

HUD FMR$1,010

Market rent$1,300

Est. payment standard (110%)Used$1,110

-Principal and interest-$521

Loan amount$82,423

Down payment$20,606

Rate6.50%

Term30 years

-Operating costs-$389

Property taxes-$103

Insurance-$175

Utilities$0

HOA$0

Management-$111

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$18,075(87.7% ROI)

Projected value

$110,951

Return breakdown

Property appreciation+$7,922

Loan principal paid down+$2,953

Rental cash flow+$7,200

5-year hold

+$30,805(149.5% ROI)

Projected value

$116,568

Return breakdown

Property appreciation+$13,539

Loan principal paid down+$5,266

Rental cash flow+$12,000

10-year hold

+$65,405(317.4% ROI)

Projected value

$131,886

Return breakdown

Property appreciation+$28,857

Loan principal paid down+$12,548

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.74ratio

FMR$700

Market$940

vs market-$240

FMR is below market; voucher rent may lag private rents.

0.74

1 BR

0.69ratio

FMR$770

Market$1,110

vs market-$340

FMR is below market; voucher rent may lag private rents.

0.69

2 BR

0.78ratio

FMR$1,010

Market$1,300

vs market-$290

FMR is below market; voucher rent may lag private rents.

0.78

3 BR

0.93ratio

FMR$1,360

Market$1,470

vs market-$110

FMR is near market; voucher and private rents are aligned.

0.93

4 BR

1.10ratio

FMR$1,690

Market$1,540

vs market+$150

FMR is near market; voucher and private rents are aligned.

1.10

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: --

ZIP 73023 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73023 (Chickasha, OK) is $1,010 a month. That is up 1.0% from $1,000 in FY 2026. Chickasha is in the Grady County, OK HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,011. Among 17 ZIP codes in Grady County, 73023 has the 10th-highest two-bedroom rent (county range $920–$1,260). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73023 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73023
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$690	$700	+1.4%	$630–$770
1BR	$760	$770	+1.3%	$693–$847
2BR	$1,000	$1,010	+1.0%	$909–$1,111
3BR	$1,340	$1,360	+1.5%	$1,224–$1,496
4BR	$1,680	$1,690	+0.6%	$1,521–$1,859

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73023
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$700	$770	$1,010	$1,360	$1,690
FY 2026	$690	$760	$1,000	$1,340	$1,680
FY 2025	$640	$720	$940	$1,230	$1,580
FY 2024	$600	$680	$890	$1,170	$1,470
FY 2023	$610	$640	$840	$1,110	$1,290

Two-bedroom rent in nearby Grady County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 73023
73002	$940	−6.9%
73004	$1,260	+24.8%
73010	$1,200	+18.8%
73011	$960	−5.0%
73017	$920	−8.9%
73018	$1,040	+3.0%
73023Current	$1,010	—
73047	$1,060	+5.0%
73052	$980	−3.0%
73055	$930	−7.9%
73059	$1,120	+10.9%
73065	$1,150	+13.9%

Questions about ZIP 73023 rents

How much will Section 8 pay for a two-bedroom in ZIP 73023?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,011, which applies unless the housing authority uses Small Area FMRs, that basic range is $910 to $1,112 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 73023 in?

ZIP 73023 is in the Grady County, OK HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,011.

How much did fair market rent change in ZIP 73023 for FY 2027?

The two-bedroom FMR rose 1.0%, from $1,000 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 20.2%.

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 rent Chickasha, OK fair market rent OK statewide rents What is SAFMR?Data sources