Stephens County/Duncan/73533

73533

ZIPSAFMR

Stephens County, OK

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ZIP Investment Score

106Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$760	$690	3.3%
1 BR	$760	$770	3.3%
2 BR	$930	$910	1.5%
3 BR	$1,290	$1,120	6.1%
4 BR	$1,490	$1,260	7.8%
5 BR	$1,713	Not available	7.8%
6 BR	$1,971	Not available	7.8%
7 BR	$2,266	Not available	7.8%
8 BR	$2,606	Not available	7.8%

Purchase Price Calculator

Maximum purchase price

$73,309

Cost breakdown

+Likely effective rent$910

HUD FMR$930

Market rentUsed$910

Est. payment standard (99%)$920

-Principal and interest-$371

Loan amount$58,647

Down payment$14,662

Rate6.50%

Term30 years

-Operating costs-$339

Property taxes-$73

Insurance-$175

Utilities$0

HOA$0

Management-$91

=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

+$14,938(101.9% ROI)

Projected value

$78,946

Return breakdown

Property appreciation+$5,637

Loan principal paid down+$2,101

Rental cash flow+$7,200

5-year hold

+$25,380(173.1% ROI)

Projected value

$82,943

Return breakdown

Property appreciation+$9,633

Loan principal paid down+$3,747

Rental cash flow+$12,000

10-year hold

+$53,461(364.6% ROI)

Projected value

$93,842

Return breakdown

Property appreciation+$20,533

Loan principal paid down+$8,928

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.10ratio

FMR$760

Market$690

vs market+$70

FMR is above market; underwrite to market rent.

1.10

1 BR

0.97ratio

FMR$760

Market$780

vs market-$20

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

0.97

2 BR

1.02ratio

FMR$930

Market$910

vs market+$20

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

1.02

3 BR

1.15ratio

FMR$1,290

Market$1,120

vs market+$170

FMR is above market; underwrite to market rent.

1.15

4 BR

1.18ratio

FMR$1,490

Market$1,260

vs market+$230

FMR is above market; underwrite to market rent.

1.18

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 73533 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73533 (Duncan, OK) is $930 a month. That is down 1.1% from $940 in FY 2026. Duncan is in the Stephens County, OK non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $916. Among 11 ZIP codes in Stephens County, 73533 is tied for the 6th-highest two-bedroom rent (county range $920–$1,000). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73533 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 73533
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$770	$760	−1.3%	$684–$836
1BR	$780	$760	−2.6%	$684–$836
2BR	$940	$930	−1.1%	$837–$1,023
3BR	$1,300	$1,290	−0.8%	$1,161–$1,419
4BR	$1,510	$1,490	−1.3%	$1,341–$1,639

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 73533
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$760	$760	$930	$1,290	$1,490
FY 2026	$770	$780	$940	$1,300	$1,510
FY 2025	$770	$770	$910	$1,280	$1,490
FY 2024	$690	$690	$890	$1,080	$1,190
FY 2023	$610	$620	$800	$1,050	$1,070

Two-bedroom rent in nearby Stephens County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 73533
73055	$930	0.0%
73425	$950	+2.2%
73434	$960	+3.2%
73442	$920	−1.1%
73481	$950	+2.2%
73491	$1,000	+7.5%
73501	$930	0.0%
73529	$920	−1.1%
73533Current	$930	—
73534	$920	−1.1%
73573	$940	+1.1%

Questions about ZIP 73533 rents

How much will Section 8 pay for a two-bedroom in ZIP 73533?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $916, which applies unless the housing authority uses Small Area FMRs, that basic range is $824 to $1,008 a month; under the ZIP-level Small Area FMR of $930 it would be $837 to $1,023. 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 73533 in?

ZIP 73533 is in the Stephens County, OK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $916.

How much did fair market rent change in ZIP 73533 for FY 2027?

The two-bedroom FMR fell 1.1%, from $940 in FY 2026 to $930 in FY 2027. Since FY 2023 it has risen 16.3%.

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