FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR
1.03ratio
FMR$1,050
Market$1,020
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.03
2 BR
2 BR
1.13ratio
FMR$1,280
Market$1,130
vs market+$150
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR
1.02ratio
FMR$1,730
Market$1,690
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
0.91ratio
FMR$1,950
Market$2,150
vs market-$200
FMR is near market; voucher and private rents are aligned.
0.91
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
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ZIP 73070 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73070 (Norman, OK) is $1,280 a month. That is down 0.8% from $1,290 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, 73070 is tied for the 13th-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73070 is 40% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 73070
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$970
0.0%
$873–$1,067
1BR
$1,050
$1,050
0.0%
$945–$1,155
2BR
$1,290
$1,280
−0.8%
$1,152–$1,408
3BR
$1,740
$1,730
−0.6%
$1,557–$1,903
4BR
$1,930
$1,950
+1.0%
$1,755–$2,145
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 73070
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$970
$1,050
$1,280
$1,730
$1,950
FY 2026
$970
$1,050
$1,290
$1,740
$1,930
FY 2025
$900
$980
$1,200
$1,600
$1,750
FY 2024
$850
$920
$1,130
$1,510
$1,660
FY 2023
$810
$860
$1,060
$1,410
$1,600
Two-bedroom rent in nearby Cleveland County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 73070?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,280, that basic range is $1,152 to $1,408 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 73070 in?
ZIP 73070 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 73070 for FY 2027?
The two-bedroom FMR fell 0.8%, from $1,290 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 20.8%.
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