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Cleveland County/Oklahoma City/73129

73129

ZIPSAFMR
Cleveland County, OK
Zillow

ZIP Investment Score

112Above average

095130300
BRFMR
Eff. Rent
0 BR$820$760
1 BR$890$920
2 BR$1,080$1,000
3 BR$1,460$1,330
4 BR$1,640$1,590
5 BR$1,886Not available
6 BR$2,169Not available
7 BR$2,494Not available
8 BR$2,868Not available

Purchase Price Calculator

Maximum purchase price
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMR$1,080
Market rentUsed$1,000
Est. payment standard (95%)$1,030
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.08
1 BR
0.96
2 BR
1.08
3 BR
1.10
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 73129 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73129 (Oklahoma City, OK) is $1,080 a month. That is up 2.9% from $1,050 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 30 ZIP codes in Cleveland County, 73129 has the 26th-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73129 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73129
BedroomsFY 2027Change90–110% range
Studio$820+3.8%$738–$902
1BR$890+3.5%$801–$979
2BR$1,080+2.9%$972–$1,188
3BR$1,460+3.5%$1,314–$1,606
4BR$1,640+4.5%$1,476–$1,804

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73129
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$820$890$1,080$1,460$1,640
FY 2026$790$860$1,050$1,410$1,570
FY 2025$750$810$1,000$1,330$1,460
FY 2024$710$760$940$1,250$1,390
FY 2023$670$710$880$1,170$1,330

Two-bedroom rent in nearby Cleveland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 73129
73104$1,710+58.3%
73110$1,180+9.3%
73111$1,090+0.9%
73115$1,140+5.6%
73129Current$1,080—
73135$1,390+28.7%
73139$1,090+0.9%
73149$1,160+7.4%
73150$960−11.1%
73153$1,310+21.3%
73159$1,280+18.5%
73160$1,350+25.0%

Questions about ZIP 73129 rents

How much will Section 8 pay for a two-bedroom in ZIP 73129?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,080, that basic range is $972 to $1,188 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 73129 in?

ZIP 73129 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 73129 for FY 2027?

The two-bedroom FMR rose 2.9%, from $1,050 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 22.7%.

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