FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR
1.12ratio
FMR$820
Market$730
vs market+$90
FMR is above market; underwrite to market rent.
1.12
2 BR
2 BR
1.23ratio
FMR$1,000
Market$810
vs market+$190
FMR is above market; underwrite to market rent.
1.23
3 BR
3 BR
1.44ratio
FMR$1,310
Market$910
vs market+$400
FMR is above market; underwrite to market rent.
1.44
4 BR
4 BR
1.41ratio
FMR$1,310
Market$930
vs market+$380
FMR is above market; underwrite to market rent.
1.41
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 73702 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73702 (Enid, OK) is $1,000 a month. That is down 2.9% from $1,030 in FY 2026. Enid is in the Enid, OK MSA. 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 metro-wide two-bedroom FMR of $997. Among 24 ZIP codes in Garfield County, 73702 is tied for the 11th-highest two-bedroom rent (county range $920–$1,130). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73702 is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 73702
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$790
$720
−8.9%
$648–$792
1BR
$800
$820
+2.5%
$738–$902
2BR
$1,030
$1,000
−2.9%
$900–$1,100
3BR
$1,340
$1,310
−2.2%
$1,179–$1,441
4BR
$1,360
$1,310
−3.7%
$1,179–$1,441
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 73702
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$720
$820
$1,000
$1,310
$1,310
FY 2026
$790
$800
$1,030
$1,340
$1,360
FY 2025
$740
$750
$980
$1,260
$1,300
FY 2024
$750
$760
$1,000
$1,300
$1,330
FY 2023
$670
$680
$900
$1,170
$1,210
Two-bedroom rent in nearby Garfield County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 73702?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $997, which applies unless the housing authority uses Small Area FMRs, that basic range is $897 to $1,097 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 73702 in?
ZIP 73702 is in the Enid, OK MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $997.
How much did fair market rent change in ZIP 73702 for FY 2027?
The two-bedroom FMR fell 2.9%, from $1,030 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 11.1%.
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