Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 74463 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74463 (Taft, OK) is $970 a month. That is up 3.2% from $940 in FY 2026. Taft 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, 74463 is tied for the 4th-highest two-bedroom rent (county range $920–$1,280). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74463 is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 74463
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$740
+4.2%
$666–$814
1BR
$710
$740
+4.2%
$666–$814
2BR
$940
$970
+3.2%
$873–$1,067
3BR
$1,180
$1,220
+3.4%
$1,098–$1,342
4BR
$1,450
$1,390
−4.1%
$1,251–$1,529
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 74463
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$740
$740
$970
$1,220
$1,390
FY 2026
$710
$710
$940
$1,180
$1,450
FY 2025
$690
$690
$910
$1,140
$1,450
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 74463?
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 $970 it would be $873 to $1,067. 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 74463 in?
ZIP 74463 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 74463 for FY 2027?
The two-bedroom FMR rose 3.2%, from $940 in FY 2026 to $970 in FY 2027. Since FY 2025 it has risen 6.6%.
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