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Seminole County/Shawnee/74804

74804

ZIPSAFMR
Seminole County, OK
Zillow

ZIP Investment Score

109Above average

095130300
BRFMR
Eff. Rent
0 BR$770$770
1 BR$780$810
2 BR$1,020$1,010
3 BR$1,360$1,500
4 BR$1,610$1,660
5 BR$1,851Not available
6 BR$2,129Not available
7 BR$2,449Not available
8 BR$2,816Not available

Purchase Price Calculator

Maximum purchase price
$88,169

Cost breakdown

+Likely effective rent$1,010
HUD FMR$1,020
Market rentUsed$1,010
Est. payment standard (99%)$1,010
-Principal and interest-$446
Loan amount$70,535
Down payment$17,634
Rate6.50%
Term30 years
-Operating costs-$364
Property taxes-$88
Insurance-$175
Utilities$0
HOA$0
Management-$101
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,506(93.6% ROI)
Projected value
$94,948
Return breakdown
Property appreciation+$6,779
Loan principal paid down+$2,527
Rental cash flow+$7,200
5-year hold
+$28,093(159.3% ROI)
Projected value
$99,755
Return breakdown
Property appreciation+$11,586
Loan principal paid down+$4,507
Rental cash flow+$12,000
10-year hold
+$59,433(337.0% ROI)
Projected value
$112,864
Return breakdown
Property appreciation+$24,695
Loan principal paid down+$10,738
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
0.94
2 BR
1.01
3 BR
0.80
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 74804 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74804 (Shawnee, OK) is $1,020 a month. That is up 2.0% from $1,000 in FY 2026. Shawnee is in the Seminole 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 Seminole County, 74804 is tied for the highest two-bedroom rent (county range $920–$1,020). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74804 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74804
BedroomsFY 2027Change90–110% range
Studio$770+6.9%$693–$847
1BR$780+2.6%$702–$858
2BR$1,020+2.0%$918–$1,122
3BR$1,360+1.5%$1,224–$1,496
4BR$1,610+2.5%$1,449–$1,771

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74804
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$770$780$1,020$1,360$1,610
FY 2026$720$760$1,000$1,340$1,570
FY 2025$680$750$990$1,310$1,550
FY 2024area FMR$604$705$891$1,117$1,299
FY 2023area FMR$533$624$797$995$1,168

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

Two-bedroom rent in nearby Seminole County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 74804
74804Current$1,020—
74830$970−4.9%
74837$980−3.9%
74840$920−9.8%
74848$920−9.8%
74849$920−9.8%
74854$920−9.8%
74859$920−9.8%
74867$970−4.9%
74868$920−9.8%
74884$1,0200.0%

Questions about ZIP 74804 rents

How much will Section 8 pay for a two-bedroom in ZIP 74804?

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 $1,020 it would be $918 to $1,122. 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 74804 in?

ZIP 74804 is in the Seminole 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 74804 for FY 2027?

The two-bedroom FMR rose 2.0%, from $1,000 in FY 2026 to $1,020 in FY 2027. Since FY 2025 it has risen 3.0%.

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