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Tulsa County/Tulsa/74114

74114

ZIPSAFMR
Tulsa County, OK
Zillow

ZIP Investment Score

87Below average

095130300
BRFMR
Eff. Rent
0 BR$1,160$920
1 BR$1,230$1,010
2 BR$1,500$1,500
3 BR$1,970$1,710
4 BR$2,300$2,210
5 BR$2,645Not available
6 BR$3,042Not available
7 BR$3,498Not available
8 BR$4,023Not available

Purchase Price Calculator

Maximum purchase price
$160,983

Cost breakdown

+Likely effective rent$1,500
HUD FMR$1,500
Market rent$1,500
Est. payment standard (100%)Used$1,500
-Principal and interest-$814
Loan amount$128,786
Down payment$32,197
Rate6.50%
Term30 years
-Operating costs-$486
Property taxes-$161
Insurance-$175
Utilities$0
HOA$0
Management-$150
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,192(75.1% ROI)
Projected value
$173,361
Return breakdown
Property appreciation+$12,378
Loan principal paid down+$4,614
Rental cash flow+$7,200
5-year hold
+$41,383(128.5% ROI)
Projected value
$182,137
Return breakdown
Property appreciation+$21,154
Loan principal paid down+$8,228
Rental cash flow+$12,000
10-year hold
+$88,695(275.5% ROI)
Projected value
$206,072
Return breakdown
Property appreciation+$45,089
Loan principal paid down+$19,606
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.26
1 BR
1.22
2 BR
1.00
3 BR
1.15
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 74114 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74114 (Tulsa, OK) is $1,500 a month. That is up 0.7% from $1,490 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 68 ZIP codes in Tulsa County, 74114 is tied for the 5th-highest two-bedroom rent (county range $920–$1,760). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74114 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74114
BedroomsFY 2027Change90–110% range
Studio$1,160+1.8%$1,044–$1,276
1BR$1,230+1.7%$1,107–$1,353
2BR$1,500+0.7%$1,350–$1,650
3BR$1,970+0.5%$1,773–$2,167
4BR$2,300+1.3%$2,070–$2,530

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74114
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,230$1,500$1,970$2,300
FY 2026$1,140$1,210$1,490$1,960$2,270
FY 2025$1,090$1,160$1,440$1,900$2,190
FY 2024$1,010$1,090$1,370$1,810$2,100
FY 2023$870$960$1,210$1,590$1,860

Two-bedroom rent in nearby Tulsa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 74114
74105$1,270−15.3%
74106$1,090−27.3%
74107$1,210−19.3%
74108$1,270−15.3%
74110$1,060−29.3%
74112$1,260−16.0%
74114Current$1,500—
74115$1,090−27.3%
74116$950−36.7%
74117$1,190−20.7%
74119$1,350−10.0%
74120$1,230−18.0%

Questions about ZIP 74114 rents

How much will Section 8 pay for a two-bedroom in ZIP 74114?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,500, that basic range is $1,350 to $1,650 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 74114 in?

ZIP 74114 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 74114 for FY 2027?

The two-bedroom FMR rose 0.7%, from $1,490 in FY 2026 to $1,500 in FY 2027. Since FY 2023 it has risen 24.0%.

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