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Creek County/Cushing/74023

74023

ZIPSAFMR
Creek County, OK
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$730$730
1 BR$750$750
2 BR$920$920
3 BR$1,270$1,270
4 BR$1,340$1,340
5 BR$1,541Not available
6 BR$1,772Not available
7 BR$2,038Not available
8 BR$2,344Not available

Purchase Price Calculator

Maximum purchase price
$74,795

Cost breakdown

+Likely effective rent$920
HUD FMRUsed$920
Market rentN/A
Est. payment standardN/A
-Principal and interest-$378
Loan amount$59,836
Down payment$14,959
Rate6.50%
Term30 years
-Operating costs-$342
Property taxes-$75
Insurance-$175
Utilities$0
HOA$0
Management-$92
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,095(100.9% ROI)
Projected value
$80,546
Return breakdown
Property appreciation+$5,751
Loan principal paid down+$2,144
Rental cash flow+$7,200
5-year hold
+$25,652(171.5% ROI)
Projected value
$84,624
Return breakdown
Property appreciation+$9,829
Loan principal paid down+$3,823
Rental cash flow+$12,000
10-year hold
+$54,058(361.4% ROI)
Projected value
$95,744
Return breakdown
Property appreciation+$20,949
Loan principal paid down+$9,109
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 74023 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74023 (Cushing, OK) is $920 a month. That is down 2.1% from $940 in FY 2026. Cushing 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 26 ZIP codes in Creek County, 74023 is tied for the 20th-highest two-bedroom rent (county range $920–$1,760).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74023
BedroomsFY 2027Change90–110% range
Studio$730+1.4%$657–$803
1BR$750−2.6%$675–$825
2BR$920−2.1%$828–$1,012
3BR$1,270−2.3%$1,143–$1,397
4BR$1,340−5.6%$1,206–$1,474

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74023
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$730$750$920$1,270$1,340
FY 2026$720$770$940$1,300$1,420
FY 2025$760$810$1,020$1,350$1,560
FY 2024$830$830$960$1,290$1,370
FY 2023$750$760$880$1,190$1,290

Two-bedroom rent in nearby Creek County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 74023
74010$970+5.4%
74023Current$920—
74028$940+2.2%
74030$9200.0%
74033$1,500+63.0%
74037$1,760+91.3%
74038$1,150+25.0%
74039$1,090+18.5%
74041$1,300+41.3%
74044$1,050+14.1%
74046$9200.0%
74047$990+7.6%

Questions about ZIP 74023 rents

How much will Section 8 pay for a two-bedroom in ZIP 74023?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $920, that basic range is $828 to $1,012 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 74023 in?

ZIP 74023 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 74023 for FY 2027?

The two-bedroom FMR fell 2.1%, from $940 in FY 2026 to $920 in FY 2027. Since FY 2023 it has risen 4.5%.

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