74157

ZIPSAFMR

Tulsa County, OK

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$960	$920	4.6%
1 BR	$1,020	$1,030	3.9%
2 BR	$1,240	$1,220	2.8%
3 BR	$1,630	$1,550	2.6%
4 BR	$1,900	$1,900	2.8%
5 BR	$2,185	Not available	2.8%
6 BR	$2,513	Not available	2.8%
7 BR	$2,890	Not available	2.8%
8 BR	$3,323	Not available	2.8%

Purchase Price Calculator

Maximum purchase price

$119,375

Cost breakdown

+Likely effective rent$1,220

HUD FMR$1,240

Market rentUsed$1,220

Est. payment standard (99%)$1,230

-Principal and interest-$604

Loan amount$95,500

Down payment$23,875

Rate6.50%

Term30 years

-Operating costs-$416

Property taxes-$119

Insurance-$175

Utilities$0

HOA$0

Management-$122

=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

+$19,800(82.9% ROI)

Projected value

$128,554

Return breakdown

Property appreciation+$9,179

Loan principal paid down+$3,422

Rental cash flow+$7,200

5-year hold

+$33,788(141.5% ROI)

Projected value

$135,062

Return breakdown

Property appreciation+$15,687

Loan principal paid down+$6,102

Rental cash flow+$12,000

10-year hold

+$71,974(301.5% ROI)

Projected value

$152,810

Return breakdown

Property appreciation+$33,435

Loan principal paid down+$14,539

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.04ratio

FMR$960

Market$920

vs market+$40

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

1.04

1 BR

0.99ratio

FMR$1,020

Market$1,030

vs market-$10

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

0.99

2 BR

1.02ratio

FMR$1,240

Market$1,220

vs market+$20

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

1.02

3 BR

1.05ratio

FMR$1,630

Market$1,550

vs market+$80

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

1.05

4 BR

1.00ratio

FMR$1,900

Market$1,900

vs market+$0

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

1.00

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 74157 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74157 (Tulsa, OK) is $1,240 a month. That is up 0.8% from $1,230 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, 74157 is tied for the 22nd-highest two-bedroom rent (county range $920–$1,760). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74157 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74157
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$940	$960	+2.1%	$864–$1,056
1BR	$1,000	$1,020	+2.0%	$918–$1,122
2BR	$1,230	$1,240	+0.8%	$1,116–$1,364
3BR	$1,620	$1,630	+0.6%	$1,467–$1,793
4BR	$1,880	$1,900	+1.1%	$1,710–$2,090

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74157
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$960	$1,020	$1,240	$1,630	$1,900
FY 2026	$940	$1,000	$1,230	$1,620	$1,880
FY 2025	$900	$960	$1,190	$1,570	$1,810
FY 2024	$840	$910	$1,140	$1,510	$1,750
FY 2023	$710	$780	$990	$1,300	$1,520

Two-bedroom rent in nearby Tulsa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 74157
74146	$1,150	−7.3%
74147	$1,240	0.0%
74148	$1,240	0.0%
74149	$1,240	0.0%
74150	$1,240	0.0%
74152	$1,240	0.0%
74153	$1,240	0.0%
74155	$1,240	0.0%
74156	$1,240	0.0%
74157Current	$1,240	—
74158	$1,240	0.0%
74159	$1,240	0.0%

Questions about ZIP 74157 rents

How much will Section 8 pay for a two-bedroom in ZIP 74157?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,240, that basic range is $1,116 to $1,364 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 74157 in?

ZIP 74157 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 74157 for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,230 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 25.3%.

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