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Oklahoma County/Oklahoma City/73109

73109

ZIPSAFMR
Oklahoma County, OK
Zillow

ZIP Investment Score

115Above average

095130300
BRFMR
Eff. Rent
0 BR$780$760
1 BR$850$820
2 BR$1,030$1,040
3 BR$1,400$1,450
4 BR$1,570$1,480
5 BR$1,805Not available
6 BR$2,076Not available
7 BR$2,388Not available
8 BR$2,746Not available

Purchase Price Calculator

Maximum purchase price
$92,627

Cost breakdown

+Likely effective rent$1,040
HUD FMR$1,030
Market rent$1,040
Est. payment standard (101%)Used$1,040
-Principal and interest-$468
Loan amount$74,102
Down payment$18,525
Rate6.50%
Term30 years
-Operating costs-$372
Property taxes-$93
Insurance-$175
Utilities$0
HOA$0
Management-$104
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,977(91.6% ROI)
Projected value
$99,749
Return breakdown
Property appreciation+$7,122
Loan principal paid down+$2,655
Rental cash flow+$7,200
5-year hold
+$28,906(156.0% ROI)
Projected value
$104,799
Return breakdown
Property appreciation+$12,172
Loan principal paid down+$4,734
Rental cash flow+$12,000
10-year hold
+$61,225(330.5% ROI)
Projected value
$118,570
Return breakdown
Property appreciation+$25,943
Loan principal paid down+$11,281
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.03
1 BR
1.04
2 BR
0.99
3 BR
0.95
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 73109 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73109 (Oklahoma City, OK) is $1,030 a month. That is up 4.0% from $990 in FY 2026. Oklahoma City 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 82 ZIP codes in Oklahoma County, 73109 has the 79th-highest two-bedroom rent (county range $920–$1,900). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73109 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73109
BedroomsFY 2027Change90–110% range
Studio$780+4.0%$702–$858
1BR$850+4.9%$765–$935
2BR$1,030+4.0%$927–$1,133
3BR$1,400+5.3%$1,260–$1,540
4BR$1,570+6.1%$1,413–$1,727

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73109
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$780$850$1,030$1,400$1,570
FY 2026$750$810$990$1,330$1,480
FY 2025$750$800$990$1,310$1,450
FY 2024$700$740$920$1,220$1,390
FY 2023$650$680$840$1,120$1,310

Two-bedroom rent in nearby Oklahoma County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 73109
73103$1,410+36.9%
73104$1,710+66.0%
73105$1,280+24.3%
73106$1,220+18.4%
73107$1,180+14.6%
73108$1,040+1.0%
73109Current$1,030—
73110$1,180+14.6%
73111$1,090+5.8%
73112$1,300+26.2%
73113$1,240+20.4%
73114$1,320+28.2%

Questions about ZIP 73109 rents

How much will Section 8 pay for a two-bedroom in ZIP 73109?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,030, that basic range is $927 to $1,133 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 73109 in?

ZIP 73109 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 73109 for FY 2027?

The two-bedroom FMR rose 4.0%, from $990 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 22.6%.

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