74103

ZIPSAFMR

Osage County, OK

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,200	$1,140	-1.4%
1 BR	$1,280	$1,410	-1.8%
2 BR	$1,560	$1,720	-2.6%
3 BR	$2,050	$2,150	-2.8%
4 BR	$2,390	$2,630	-2.8%
5 BR	$2,749	Not available	-2.8%
6 BR	$3,161	Not available	-2.8%
7 BR	$3,635	Not available	-2.8%
8 BR	$4,180	Not available	-2.8%

Purchase Price Calculator

Maximum purchase price

$193,675

Cost breakdown

+Likely effective rent$1,720

HUD FMR$1,560

Market rent$2,250

Est. payment standard (110%)Used$1,720

-Principal and interest-$979

Loan amount$154,940

Down payment$38,735

Rate6.50%

Term30 years

-Operating costs-$541

Property taxes-$194

Insurance-$175

Utilities$0

HOA$0

Management-$172

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$27,643(71.4% ROI)

Projected value

$208,567

Return breakdown

Property appreciation+$14,892

Loan principal paid down+$5,551

Rental cash flow+$7,200

5-year hold

+$47,350(122.2% ROI)

Projected value

$219,125

Return breakdown

Property appreciation+$25,450

Loan principal paid down+$9,899

Rental cash flow+$12,000

10-year hold

+$101,833(262.9% ROI)

Projected value

$247,920

Return breakdown

Property appreciation+$54,245

Loan principal paid down+$23,588

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.05ratio

FMR$1,200

Market$1,140

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.05

1 BR

0.82ratio

FMR$1,280

Market$1,560

vs market-$280

FMR is below market; voucher rent may lag private rents.

0.82

2 BR

0.69ratio

FMR$1,560

Market$2,250

vs market-$690

FMR is below market; voucher rent may lag private rents.

0.69

3 BR

0.93ratio

FMR$2,050

Market$2,200

vs market-$150

FMR is near market; voucher and private rents are aligned.

0.93

4 BR

0.70ratio

FMR$2,390

Market$3,430

vs market-$1,040

FMR is below market; voucher rent may lag private rents.

0.70

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 74103 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74103 (Tulsa, OK) is $1,560 a month. That is down 7.1% from $1,680 in FY 2026. Tulsa 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, 74103 has the highest two-bedroom rent (county range $920–$1,560). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74103 is 70% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74103
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,290	$1,200	−7.0%	$1,080–$1,320
1BR	$1,360	$1,280	−5.9%	$1,152–$1,408
2BR	$1,680	$1,560	−7.1%	$1,404–$1,716
3BR	$2,210	$2,050	−7.2%	$1,845–$2,255
4BR	$2,560	$2,390	−6.6%	$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74103
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,200	$1,280	$1,560	$2,050	$2,390
FY 2026	$1,290	$1,360	$1,680	$2,210	$2,560
FY 2025	$1,290	$1,380	$1,710	$2,260	$2,610
FY 2024	$1,250	$1,350	$1,690	$2,230	$2,600
FY 2023	$1,070	$1,170	$1,480	$1,950	$2,280

Two-bedroom rent in nearby Osage County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 74103
74054	$940	−39.7%
74056	$920	−41.0%
74060	$920	−41.0%
74061	$1,000	−35.9%
74063	$1,160	−25.6%
74070	$1,090	−30.1%
74073	$1,120	−28.2%
74084	$920	−41.0%
74103Current	$1,560	—
74106	$1,090	−30.1%
74126	$1,220	−21.8%
74127	$1,190	−23.7%

Questions about ZIP 74103 rents

How much will Section 8 pay for a two-bedroom in ZIP 74103?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,560, that basic range is $1,404 to $1,716 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 74103 in?

ZIP 74103 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 74103 for FY 2027?

The two-bedroom FMR fell 7.1%, from $1,680 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 5.4%.

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 rent Tulsa, OK fair market rent OK statewide rents What is SAFMR?Data sources