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Lincoln County/Luther/73054

73054

ZIPSAFMR
Lincoln County, OK
Zillow

ZIP Investment Score

58Below average

095130300
BRFMR
Eff. Rent
0 BR$820$820
1 BR$870$870
2 BR$1,020$1,020
3 BR$1,370$1,370
4 BR$1,560$1,560
5 BR$1,794Not available
6 BR$2,063Not available
7 BR$2,373Not available
8 BR$2,728Not available

Purchase Price Calculator

Maximum purchase price
$89,655

Cost breakdown

+Likely effective rent$1,020
HUD FMRUsed$1,020
Market rentN/A
Est. payment standardN/A
-Principal and interest-$453
Loan amount$71,724
Down payment$17,931
Rate6.50%
Term30 years
-Operating costs-$367
Property taxes-$90
Insurance-$175
Utilities$0
HOA$0
Management-$102
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,663(92.9% ROI)
Projected value
$96,549
Return breakdown
Property appreciation+$6,894
Loan principal paid down+$2,570
Rental cash flow+$7,200
5-year hold
+$28,364(158.2% ROI)
Projected value
$101,437
Return breakdown
Property appreciation+$11,781
Loan principal paid down+$4,582
Rental cash flow+$12,000
10-year hold
+$60,030(334.8% ROI)
Projected value
$114,766
Return breakdown
Property appreciation+$25,111
Loan principal paid down+$10,919
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
--
Tax rate
--
Mortgage rate
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ZIP 73054 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73054 (Luther, OK) is $1,020 a month. That is down 2.9% from $1,050 in FY 2026. Luther is in the Lincoln County, OK HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 17 ZIP codes in Lincoln County, 73054 has the 4th-highest two-bedroom rent (county range $920–$1,120). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73054 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73054
BedroomsFY 2027Change90–110% range
Studio$820+1.2%$738–$902
1BR$8700.0%$783–$957
2BR$1,020−2.9%$918–$1,122
3BR$1,370−2.8%$1,233–$1,507
4BR$1,560−0.6%$1,404–$1,716

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73054
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$820$870$1,020$1,370$1,560
FY 2026$810$870$1,050$1,410$1,570
FY 2025$750$800$990$1,310$1,450
FY 2024$700$740$920$1,220$1,390
FY 2023$710$740$910$1,220$1,360

Two-bedroom rent in nearby Lincoln County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 73054
73045$1,120+9.8%
73054Current$1,020—
74023$920−9.8%
74026$1,090+6.9%
74028$940−7.8%
74059$980−3.9%
74079$920−9.8%
74824$1,010−1.0%
74832$980−3.9%
74834$980−3.9%
74851$920−9.8%
74855$1,120+9.8%

Questions about ZIP 73054 rents

How much will Section 8 pay for a two-bedroom in ZIP 73054?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,020, that basic range is $918 to $1,122 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 73054 in?

ZIP 73054 is in the Lincoln County, 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 73054 for FY 2027?

The two-bedroom FMR fell 2.9%, from $1,050 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 12.1%.

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

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