FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR
1.03ratio
FMR$910
Market$880
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.03
2 BR
2 BR
0.89ratio
FMR$1,110
Market$1,250
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
0.86ratio
FMR$1,530
Market$1,770
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR
0.74ratio
FMR$1,610
Market$2,180
vs market-$570
FMR is below market; voucher rent may lag private rents.
0.74
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
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ZIP 74078 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74078 (Stillwater, OK) is $1,110 a month. That is down 1.8% from $1,130 in FY 2026. Stillwater is in the Payne County, OK non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,010. Among 17 ZIP codes in Payne County, 74078 has the 2nd-highest two-bedroom rent (county range $920–$1,130). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74078 is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 74078
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$870
+2.4%
$783–$957
1BR
$920
$910
−1.1%
$819–$1,001
2BR
$1,130
$1,110
−1.8%
$999–$1,221
3BR
$1,560
$1,530
−1.9%
$1,377–$1,683
4BR
$1,710
$1,610
−5.8%
$1,449–$1,771
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 74078
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$910
$1,110
$1,530
$1,610
FY 2026
$850
$920
$1,130
$1,560
$1,710
FY 2025
$810
$870
$1,060
$1,490
$1,600
FY 2024area FMR
$744
$803
$976
$1,375
$1,521
FY 2023area FMR
$698
$747
$897
$1,248
$1,405
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 74078?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,010, which applies unless the housing authority uses Small Area FMRs, that basic range is $909 to $1,111 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 74078 in?
ZIP 74078 is in the Payne County, OK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,010.
How much did fair market rent change in ZIP 74078 for FY 2027?
The two-bedroom FMR fell 1.8%, from $1,130 in FY 2026 to $1,110 in FY 2027. Since FY 2025 it has risen 4.7%.
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