FMR is below market; voucher rent may lag private rents.
0.85
1 BR
1 BR
0.92ratio
FMR$1,020
Market$1,110
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
0.95ratio
FMR$1,240
Market$1,310
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR
0.98ratio
FMR$1,680
Market$1,710
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR
0.86ratio
FMR$1,890
Market$2,200
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.86
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 73154 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73154 (Oklahoma City, OK) is $1,240 a month. That is up 1.6% from $1,220 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, 73154 is tied for the 34th-highest two-bedroom rent (county range $920–$1,900). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73154 is 35% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 73154
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$940
+2.2%
$846–$1,034
1BR
$1,000
$1,020
+2.0%
$918–$1,122
2BR
$1,220
$1,240
+1.6%
$1,116–$1,364
3BR
$1,640
$1,680
+2.4%
$1,512–$1,848
4BR
$1,820
$1,890
+3.8%
$1,701–$2,079
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 73154
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$1,020
$1,240
$1,680
$1,890
FY 2026
$920
$1,000
$1,220
$1,640
$1,820
FY 2025
$870
$940
$1,160
$1,550
$1,690
FY 2024
$820
$880
$1,080
$1,440
$1,590
FY 2023
$760
$810
$1,000
$1,330
$1,510
Two-bedroom rent in nearby Oklahoma County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 73154?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,240, that basic range is $1,116 to $1,364 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 73154 in?
ZIP 73154 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 73154 for FY 2027?
The two-bedroom FMR rose 1.6%, from $1,220 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 24.0%.
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