FMR is near market; voucher and private rents are aligned.
1.01
1 BR
1 BR
1.16ratio
FMR$880
Market$760
vs market+$120
FMR is above market; underwrite to market rent.
1.16
2 BR
2 BR
1.34ratio
FMR$1,070
Market$800
vs market+$270
FMR is above market; underwrite to market rent.
1.34
3 BR
3 BR
1.10ratio
FMR$1,390
Market$1,260
vs market+$130
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR
0.95ratio
FMR$1,400
Market$1,480
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
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 73705 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 73705 (Enid, OK) is $1,070 a month. That is down 2.7% from $1,100 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, 73705 is tied for the 3rd-highest two-bedroom rent (county range $920–$1,130). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 73705 is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 73705
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$760
−9.5%
$684–$836
1BR
$850
$880
+3.5%
$792–$968
2BR
$1,100
$1,070
−2.7%
$963–$1,177
3BR
$1,430
$1,390
−2.8%
$1,251–$1,529
4BR
$1,460
$1,400
−4.1%
$1,260–$1,540
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 73705
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$760
$880
$1,070
$1,390
$1,400
FY 2026
$840
$850
$1,100
$1,430
$1,460
FY 2025
$780
$790
$1,040
$1,340
$1,380
FY 2024
$810
$820
$1,080
$1,400
$1,440
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 73705?
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 $1,070 it would be $963 to $1,177. 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 73705 in?
ZIP 73705 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 73705 for FY 2027?
The two-bedroom FMR fell 2.7%, from $1,100 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 18.9%.
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