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Cleveland County/Oklahoma City/73150

73150

ZIPSAFMR
Cleveland County, OK
Zillow

ZIP Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$730$800
1 BR$790$870
2 BR$960$1,060
3 BR$1,300$1,430
4 BR$1,460$1,610
5 BR$1,679Not available
6 BR$1,931Not available
7 BR$2,220Not available
8 BR$2,554Not available

Purchase Price Calculator

Maximum purchase price
$95,599

Cost breakdown

+Likely effective rent$1,060
HUD FMR$960
Market rent$1,330
Est. payment standard (110%)Used$1,060
-Principal and interest-$483
Loan amount$76,479
Down payment$19,120
Rate6.50%
Term30 years
-Operating costs-$377
Property taxes-$96
Insurance-$175
Utilities$0
HOA$0
Management-$106
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,291(90.4% ROI)
Projected value
$102,950
Return breakdown
Property appreciation+$7,351
Loan principal paid down+$2,740
Rental cash flow+$7,200
5-year hold
+$29,449(154.0% ROI)
Projected value
$108,162
Return breakdown
Property appreciation+$12,563
Loan principal paid down+$4,886
Rental cash flow+$12,000
10-year hold
+$62,419(326.5% ROI)
Projected value
$122,375
Return breakdown
Property appreciation+$26,776
Loan principal paid down+$11,643
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.60
1 BR
0.64
2 BR
0.72
3 BR
0.79
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 73150 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73150 (Oklahoma City, OK) is $960 a month. That is up 1.1% from $950 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, 73150 has the 27th-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73150 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73150
BedroomsFY 2027Change90–110% range
Studio$730+1.4%$657–$803
1BR$790+1.3%$711–$869
2BR$960+1.1%$864–$1,056
3BR$1,300+1.6%$1,170–$1,430
4BR$1,460+2.8%$1,314–$1,606

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73150
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$730$790$960$1,300$1,460
FY 2026$720$780$950$1,280$1,420
FY 2025$750$800$990$1,310$1,450
FY 2024$760$820$1,010$1,350$1,490
FY 2023$820$870$1,080$1,440$1,630

Two-bedroom rent in nearby Cleveland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 73150
73129$1,080+12.5%
73135$1,390+44.8%
73139$1,090+13.5%
73149$1,160+20.8%
73150Current$960—
73153$1,310+36.5%
73159$1,280+33.3%
73160$1,350+40.6%
73165$1,200+25.0%
73169$1,410+46.9%
73170$1,700+77.1%
73173$1,380+43.8%

Questions about ZIP 73150 rents

How much will Section 8 pay for a two-bedroom in ZIP 73150?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $960, that basic range is $864 to $1,056 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 73150 in?

ZIP 73150 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 73150 for FY 2027?

The two-bedroom FMR rose 1.1%, from $950 in FY 2026 to $960 in FY 2027. Since FY 2023 it has fallen 11.1%.

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