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 74477 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74477 (Wagoner County, OK) is $1,010 a month. That is down 1.0% from $1,020 in FY 2026. Wagoner County 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 19 ZIP codes in Wagoner County, 74477 is tied for the 9th-highest two-bedroom rent (county range $920–$1,650). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74477 is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 74477
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$780
$780
0.0%
$702–$858
1BR
$830
$830
0.0%
$747–$913
2BR
$1,020
$1,010
−1.0%
$909–$1,111
3BR
$1,340
$1,320
−1.5%
$1,188–$1,452
4BR
$1,560
$1,550
−0.6%
$1,395–$1,705
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 74477
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$830
$1,010
$1,320
$1,550
FY 2026
$780
$830
$1,020
$1,340
$1,560
FY 2025
$760
$810
$1,020
$1,350
$1,560
FY 2024
$710
$770
$960
$1,270
$1,470
FY 2023
$610
$670
$860
$1,130
$1,330
Two-bedroom rent in nearby Wagoner County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 74477?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,010, that basic range is $909 to $1,111 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 74477 in?
ZIP 74477 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 74477 for FY 2027?
The two-bedroom FMR fell 1.0%, from $1,020 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 17.4%.
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