FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR
0.96ratio
FMR$1,080
Market$1,130
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR
1.12ratio
FMR$1,310
Market$1,170
vs market+$140
FMR is above market; underwrite to market rent.
1.12
3 BR
3 BR
1.02ratio
FMR$1,780
Market$1,750
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR
0.97ratio
FMR$1,990
Market$2,060
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.97
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 73153 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73153 (Oklahoma City, OK) is $1,310 a month. That is up 1.6% from $1,290 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, 73153 is tied for the 10th-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73153 is 43% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 73153
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$990
+2.1%
$891–$1,089
1BR
$1,050
$1,080
+2.9%
$972–$1,188
2BR
$1,290
$1,310
+1.6%
$1,179–$1,441
3BR
$1,740
$1,780
+2.3%
$1,602–$1,958
4BR
$1,930
$1,990
+3.1%
$1,791–$2,189
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 73153
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,080
$1,310
$1,780
$1,990
FY 2026
$970
$1,050
$1,290
$1,740
$1,930
FY 2025
$920
$1,000
$1,230
$1,640
$1,790
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 73153?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,310, that basic range is $1,179 to $1,441 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 73153 in?
ZIP 73153 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 73153 for FY 2027?
The two-bedroom FMR rose 1.6%, from $1,290 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 23.6%.
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