FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR
0.79ratio
FMR$730
Market$920
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR
0.90ratio
FMR$950
Market$1,050
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.90
3 BR
3 BR
0.98ratio
FMR$1,200
Market$1,220
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR
1.03ratio
FMR$1,360
Market$1,320
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.03
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 74402 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74402 (Muskogee, OK) is $950 a month. That is unchanged from FY 2026. Muskogee is in the Muskogee 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 $949. Among 16 ZIP codes in Muskogee County, 74402 is tied for the 9th-highest two-bedroom rent (county range $920–$1,280). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74402 is 4% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 74402
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$720
$720
0.0%
$648–$792
1BR
$720
$730
+1.4%
$657–$803
2BR
$950
$950
0.0%
$855–$1,045
3BR
$1,190
$1,200
+0.8%
$1,080–$1,320
4BR
$1,470
$1,360
−7.5%
$1,224–$1,496
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 74402
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$720
$730
$950
$1,200
$1,360
FY 2026
$720
$720
$950
$1,190
$1,470
FY 2025
$700
$710
$930
$1,170
$1,490
FY 2024area FMR
$685
$690
$906
$1,148
$1,471
FY 2023area FMR
$604
$616
$797
$1,034
$1,298
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Muskogee County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 74402?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $949, which applies unless the housing authority uses Small Area FMRs, that basic range is $854 to $1,044 a month; under the ZIP-level Small Area FMR of $950 it would be $855 to $1,045. 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 74402 in?
ZIP 74402 is in the Muskogee County, OK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $949.
How much did fair market rent change in ZIP 74402 for FY 2027?
The two-bedroom FMR was unchanged at $950 in FY 2027. Since FY 2025 it has risen 2.2%.
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