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Cleveland County/Norman/73026

73026

ZIPSAFMR
Cleveland County, OK
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$920$920
1 BR$1,000$1,000
2 BR$1,220$1,220
3 BR$1,650$1,650
4 BR$1,860$1,860
5 BR$2,139Not available
6 BR$2,460Not available
7 BR$2,829Not available
8 BR$3,253Not available

Purchase Price Calculator

Maximum purchase price
$119,375

Cost breakdown

+Likely effective rent$1,220
HUD FMRUsed$1,220
Market rentN/A
Est. payment standardN/A
-Principal and interest-$604
Loan amount$95,500
Down payment$23,875
Rate6.50%
Term30 years
-Operating costs-$416
Property taxes-$119
Insurance-$175
Utilities$0
HOA$0
Management-$122
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,800(82.9% ROI)
Projected value
$128,554
Return breakdown
Property appreciation+$9,179
Loan principal paid down+$3,422
Rental cash flow+$7,200
5-year hold
+$33,788(141.5% ROI)
Projected value
$135,062
Return breakdown
Property appreciation+$15,687
Loan principal paid down+$6,102
Rental cash flow+$12,000
10-year hold
+$71,974(301.5% ROI)
Projected value
$152,810
Return breakdown
Property appreciation+$33,435
Loan principal paid down+$14,539
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 73026 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73026 (Norman, OK) is $1,220 a month. That is up 1.7% from $1,200 in FY 2026. Norman 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, 73026 has the 17th-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73026 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73026
BedroomsFY 2027Change90–110% range
Studio$920+1.1%$828–$1,012
1BR$1,000+2.0%$900–$1,100
2BR$1,220+1.7%$1,098–$1,342
3BR$1,650+1.9%$1,485–$1,815
4BR$1,860+3.9%$1,674–$2,046

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73026
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$920$1,000$1,220$1,650$1,860
FY 2026$910$980$1,200$1,620$1,790
FY 2025$900$980$1,200$1,600$1,750
FY 2024$870$930$1,150$1,530$1,690
FY 2023$820$860$1,070$1,430$1,620

Two-bedroom rent in nearby Cleveland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 73026
73019$1,310+7.4%
73020$1,550+27.0%
73026Current$1,220—
73051$1,090−10.7%
73068$1,210−0.8%
73069$1,230+0.8%
73070$1,280+4.9%
73071$1,280+4.9%
73072$1,320+8.2%
73104$1,710+40.2%
73110$1,180−3.3%
73111$1,090−10.7%

Questions about ZIP 73026 rents

How much will Section 8 pay for a two-bedroom in ZIP 73026?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,220, that basic range is $1,098 to $1,342 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 73026 in?

ZIP 73026 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 73026 for FY 2027?

The two-bedroom FMR rose 1.7%, from $1,200 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 14.0%.

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