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Ottawa County/Miami/74354

74354

ZIPSAFMR
Ottawa County, OK
Zillow

ZIP Investment Score

99Above average

095130300
BRFMR
Eff. Rent
0 BR$750$830
1 BR$760$840
2 BR$990$1,000
3 BR$1,250$1,070
4 BR$1,300$1,260
5 BR$1,495Not available
6 BR$1,719Not available
7 BR$1,977Not available
8 BR$2,274Not available

Purchase Price Calculator

Maximum purchase price
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMR$990
Market rent$1,010
Est. payment standard (101%)Used$1,000
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.79
1 BR
0.72
2 BR
0.98
3 BR
1.17
4 BR
1.03
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 74354 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74354 (Miami, OK) is $990 a month. That is down 1.0% from $1,000 in FY 2026. Miami is in the Ottawa 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 $916. Among 11 ZIP codes in Ottawa County, 74354 has the 4th-highest two-bedroom rent (county range $920–$1,230). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74354 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74354
BedroomsFY 2027Change90–110% range
Studio$750+1.4%$675–$825
1BR$7600.0%$684–$836
2BR$990−1.0%$891–$1,089
3BR$1,250−0.8%$1,125–$1,375
4BR$1,300−1.5%$1,170–$1,430

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74354
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$750$760$990$1,250$1,300
FY 2026$740$760$1,000$1,260$1,320
FY 2025$680$740$970$1,220$1,310
FY 2024area FMR$609$678$891$1,109$1,224
FY 2023area FMR$538$605$797$984$1,080

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Ottawa County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 74354
74331$1,080+9.1%
74333$920−7.1%
74335$920−7.1%
74339$920−7.1%
74343$920−7.1%
74344$1,020+3.0%
74354Current$990—
74358$1,230+24.2%
74360$970−2.0%
74363$920−7.1%
74370$920−7.1%

Questions about ZIP 74354 rents

How much will Section 8 pay for a two-bedroom in ZIP 74354?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $916, which applies unless the housing authority uses Small Area FMRs, that basic range is $824 to $1,008 a month; under the ZIP-level Small Area FMR of $990 it would be $891 to $1,089. 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 74354 in?

ZIP 74354 is in the Ottawa County, OK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $916.

How much did fair market rent change in ZIP 74354 for FY 2027?

The two-bedroom FMR fell 1.0%, from $1,000 in FY 2026 to $990 in FY 2027. Since FY 2025 it has risen 2.1%.

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