74171

ZIPSAFMR

Tulsa County, OK

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,000	$860	6.0%
1 BR	$1,060	$980	5.2%
2 BR	$1,290	$1,290	4.2%
3 BR	$1,690	$1,640	3.8%
4 BR	$1,980	$2,060	4.2%
5 BR	$2,277	Not available	4.2%
6 BR	$2,619	Not available	4.2%
7 BR	$3,011	Not available	4.2%
8 BR	$3,463	Not available	4.2%

Purchase Price Calculator

Maximum purchase price

$129,777

Cost breakdown

+Likely effective rent$1,290

HUD FMR$1,290

Market rent$1,290

Est. payment standard (100%)Used$1,290

-Principal and interest-$656

Loan amount$103,822

Down payment$25,955

Rate6.50%

Term30 years

-Operating costs-$434

Property taxes-$130

Insurance-$175

Utilities$0

HOA$0

Management-$129

=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

+$20,898(80.5% ROI)

Projected value

$139,756

Return breakdown

Property appreciation+$9,979

Loan principal paid down+$3,720

Rental cash flow+$7,200

5-year hold

+$35,687(137.5% ROI)

Projected value

$146,831

Return breakdown

Property appreciation+$17,054

Loan principal paid down+$6,633

Rental cash flow+$12,000

10-year hold

+$76,154(293.4% ROI)

Projected value

$166,126

Return breakdown

Property appreciation+$36,349

Loan principal paid down+$15,806

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.16ratio

FMR$1,000

Market$860

vs market+$140

FMR is above market; underwrite to market rent.

1.16

1 BR

1.08ratio

FMR$1,060

Market$980

vs market+$80

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

1.08

2 BR

1.00ratio

FMR$1,290

Market$1,290

vs market+$0

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

1.00

3 BR

1.03ratio

FMR$1,690

Market$1,640

vs market+$50

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

1.03

4 BR

0.94ratio

FMR$1,980

Market$2,110

vs market-$130

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

0.94

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 74171 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74171 (Tulsa, OK) is $1,290 a month. That is unchanged from 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, 74171 has the 17th-highest two-bedroom rent (county range $920–$1,760). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74171 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74171
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$990	$1,000	+1.0%	$900–$1,100
1BR	$1,050	$1,060	+1.0%	$954–$1,166
2BR	$1,290	$1,290	0.0%	$1,161–$1,419
3BR	$1,700	$1,690	−0.6%	$1,521–$1,859
4BR	$1,970	$1,980	+0.5%	$1,782–$2,178

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74171
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,000	$1,060	$1,290	$1,690	$1,980
FY 2026	$990	$1,050	$1,290	$1,700	$1,970
FY 2025	$910	$970	$1,210	$1,600	$1,840
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. 74171
74155	$1,240	−3.9%
74156	$1,240	−3.9%
74157	$1,240	−3.9%
74158	$1,240	−3.9%
74159	$1,240	−3.9%
74169	$1,240	−3.9%
74170	$1,240	−3.9%
74171Current	$1,290	—
74172	$1,240	−3.9%
74182	$1,240	−3.9%
74186	$1,240	−3.9%
74187	$1,240	−3.9%

Questions about ZIP 74171 rents

How much will Section 8 pay for a two-bedroom in ZIP 74171?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 74171 in?

ZIP 74171 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 74171 for FY 2027?

The two-bedroom FMR was unchanged at $1,290 in FY 2027. Since FY 2023 it has risen 30.3%.

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