73162

ZIPSAFMR

Oklahoma County, OK

ZIP Investment Score

74Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$980	$720	4.5%
1 BR	$1,060	$1,040	4.8%
2 BR	$1,290	$1,350	4.2%
3 BR	$1,750	$1,490	4.8%
4 BR	$1,960	$1,990	5.3%
5 BR	$2,254	Not available	5.3%
6 BR	$2,592	Not available	5.3%
7 BR	$2,981	Not available	5.3%
8 BR	$3,428	Not available	5.3%

Purchase Price Calculator

Maximum purchase price

$138,693

Cost breakdown

+Likely effective rent$1,350

HUD FMR$1,290

Market rent$1,380

Est. payment standard (105%)Used$1,350

-Principal and interest-$701

Loan amount$110,954

Down payment$27,739

Rate6.50%

Term30 years

-Operating costs-$449

Property taxes-$139

Insurance-$175

Utilities$0

HOA$0

Management-$135

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$21,839(78.7% ROI)

Projected value

$149,357

Return breakdown

Property appreciation+$10,664

Loan principal paid down+$3,975

Rental cash flow+$7,200

5-year hold

+$37,314(134.5% ROI)

Projected value

$156,918

Return breakdown

Property appreciation+$18,225

Loan principal paid down+$7,089

Rental cash flow+$12,000

10-year hold

+$79,737(287.5% ROI)

Projected value

$177,539

Return breakdown

Property appreciation+$38,846

Loan principal paid down+$16,892

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.36ratio

FMR$980

Market$720

vs market+$260

FMR is above market; underwrite to market rent.

1.36

1 BR

1.02ratio

FMR$1,060

Market$1,040

vs market+$20

FMR is near market; voucher and private rents are aligned.

1.02

2 BR

0.93ratio

FMR$1,290

Market$1,380

vs market-$90

FMR is near market; voucher and private rents are aligned.

0.93

3 BR

1.17ratio

FMR$1,750

Market$1,490

vs market+$260

FMR is above market; underwrite to market rent.

1.17

4 BR

0.98ratio

FMR$1,960

Market$2,000

vs market-$40

FMR is near market; voucher and private rents are aligned.

0.98

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: --

ZIP 73162 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73162 (Oklahoma City, OK) is $1,290 a month. That is down 0.8% from $1,300 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, 73162 has the 31st-highest two-bedroom rent (county range $920–$1,900). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73162 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73162
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$980	$980	0.0%	$882–$1,078
1BR	$1,060	$1,060	0.0%	$954–$1,166
2BR	$1,300	$1,290	−0.8%	$1,161–$1,419
3BR	$1,750	$1,750	0.0%	$1,575–$1,925
4BR	$1,940	$1,960	+1.0%	$1,764–$2,156

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73162
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$980	$1,060	$1,290	$1,750	$1,960
FY 2026	$980	$1,060	$1,300	$1,750	$1,940
FY 2025	$920	$1,000	$1,230	$1,640	$1,790
FY 2024	$860	$920	$1,140	$1,520	$1,680
FY 2023	$810	$860	$1,060	$1,410	$1,600

Two-bedroom rent in nearby Oklahoma County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 73162
73151	$1,350	+4.7%
73152	$1,240	−3.9%
73154	$1,240	−3.9%
73155	$1,240	−3.9%
73156	$1,240	−3.9%
73157	$1,240	−3.9%
73159	$1,280	−0.8%
73160	$1,350	+4.7%
73162Current	$1,290	—
73165	$1,200	−7.0%
73169	$1,410	+9.3%
73172	$1,240	−3.9%

Questions about ZIP 73162 rents

How much will Section 8 pay for a two-bedroom in ZIP 73162?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 73162 in?

ZIP 73162 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 73162 for FY 2027?

The two-bedroom FMR fell 0.8%, from $1,300 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 21.7%.

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 rent Oklahoma City, OK fair market rent OK statewide rents What is SAFMR?Data sources