FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR
1.01ratio
FMR$750
Market$740
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR
1.01ratio
FMR$920
Market$910
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
1.14ratio
FMR$1,270
Market$1,110
vs market+$160
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR
1.17ratio
FMR$1,470
Market$1,260
vs market+$210
FMR is above market; underwrite to market rent.
1.17
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 73534 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73534 (Duncan, OK) is $920 a month. That is down 2.1% 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, 73534 is tied for the 9th-highest two-bedroom rent (county range $920–$1,000).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 73534
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$780
$750
−3.8%
$675–$825
1BR
$780
$750
−3.8%
$675–$825
2BR
$940
$920
−2.1%
$828–$1,012
3BR
$1,310
$1,270
−3.1%
$1,143–$1,397
4BR
$1,510
$1,470
−2.6%
$1,323–$1,617
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 73534
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$750
$750
$920
$1,270
$1,470
FY 2026
$780
$780
$940
$1,310
$1,510
FY 2025
$770
$770
$910
$1,280
$1,490
FY 2024area FMR
$734
$739
$891
$1,256
$1,437
FY 2023area FMR
$639
$643
$797
$1,115
$1,269
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Stephens County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 73534?
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 $920 it would be $828 to $1,012. 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 73534 in?
ZIP 73534 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 73534 for FY 2027?
The two-bedroom FMR fell 2.1%, from $940 in FY 2026 to $920 in FY 2027. Since FY 2025 it has risen 1.1%.
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