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Osage County/Sperry/74073

74073

ZIPSAFMR
Osage County, OK
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$860$950
1 BR$920$1,010
2 BR$1,120$1,210
3 BR$1,470$1,470
4 BR$1,720$1,890
5 BR$1,978Not available
6 BR$2,275Not available
7 BR$2,616Not available
8 BR$3,008Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMR$1,120
Market rent$1,260
Est. payment standard (108%)Used$1,210
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.81
2 BR
0.89
3 BR
1.00
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 74073 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74073 (Sperry, OK) is $1,120 a month. That is down 2.6% from $1,150 in FY 2026. Sperry 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 23 ZIP codes in Osage County, 74073 has the 5th-highest two-bedroom rent (county range $920–$1,560). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74073 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74073
BedroomsFY 2027Change90–110% range
Studio$860−2.3%$774–$946
1BR$920−1.1%$828–$1,012
2BR$1,120−2.6%$1,008–$1,232
3BR$1,470−2.6%$1,323–$1,617
4BR$1,720−2.3%$1,548–$1,892

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74073
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$860$920$1,120$1,470$1,720
FY 2026$880$930$1,150$1,510$1,760
FY 2025$870$930$1,150$1,520$1,750
FY 2024$820$890$1,110$1,470$1,710
FY 2023$710$780$980$1,290$1,510

Two-bedroom rent in nearby Osage County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 74073
74035$920−17.9%
74051$920−17.9%
74054$940−16.1%
74056$920−17.9%
74060$920−17.9%
74061$1,000−10.7%
74063$1,160+3.6%
74070$1,090−2.7%
74073Current$1,120—
74084$920−17.9%
74103$1,560+39.3%
74106$1,090−2.7%

Questions about ZIP 74073 rents

How much will Section 8 pay for a two-bedroom in ZIP 74073?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,120, that basic range is $1,008 to $1,232 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 74073 in?

ZIP 74073 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 74073 for FY 2027?

The two-bedroom FMR fell 2.6%, from $1,150 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 14.3%.

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