Skip to main content
Loading page
Tulsa County/Catoosa/74015

74015

ZIPSAFMR
Tulsa County, OK
Zillow

ZIP Investment Score

99Above average

095130300
BRFMR
Eff. Rent
0 BR$990$1,090
1 BR$1,050$1,130
2 BR$1,280$1,190
3 BR$1,680$1,470
4 BR$1,960$1,780
5 BR$2,254Not available
6 BR$2,592Not available
7 BR$2,981Not available
8 BR$3,428Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,280
Market rentUsed$1,190
Est. payment standard (95%)$1,220
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.87
1 BR
0.90
2 BR
1.08
3 BR
1.14
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 74015 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74015 (Catoosa, OK) is $1,280 a month. That is up 1.6% from $1,260 in FY 2026. Catoosa is in the Tulsa, OK HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 68 ZIP codes in Tulsa County, 74015 has the 18th-highest two-bedroom rent (county range $920–$1,760). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74015 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74015
BedroomsFY 2027Change90–110% range
Studio$990+2.1%$891–$1,089
1BR$1,050+2.9%$945–$1,155
2BR$1,280+1.6%$1,152–$1,408
3BR$1,680+1.2%$1,512–$1,848
4BR$1,960+2.1%$1,764–$2,156

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74015
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$990$1,050$1,280$1,680$1,960
FY 2026$970$1,020$1,260$1,660$1,920
FY 2025$920$980$1,220$1,610$1,860
FY 2024$870$930$1,170$1,540$1,800
FY 2023$760$840$1,060$1,400$1,630

Two-bedroom rent in nearby Tulsa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 74015
74008$1,500+17.2%
74011$1,560+21.9%
74012$1,420+10.9%
74013$1,240−3.1%
74014$1,650+28.9%
74015Current$1,280—
74021$1,360+6.3%
74033$1,500+17.2%
74037$1,760+37.5%
74043$1,240−3.1%
74047$990−22.7%
74050$920−28.1%

Questions about ZIP 74015 rents

How much will Section 8 pay for a two-bedroom in ZIP 74015?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,280, that basic range is $1,152 to $1,408 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 74015 in?

ZIP 74015 is in the Tulsa, 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 74015 for FY 2027?

The two-bedroom FMR rose 1.6%, from $1,260 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 20.8%.

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 rentCatoosa, OK fair market rentOK statewide rentsWhat is SAFMR?Data sources