FMR is near market; voucher and private rents are aligned.
1.06
1 BR
1 BR
1.19ratio
FMR$750
Market$630
vs market+$120
FMR is above market; underwrite to market rent.
1.19
2 BR
2 BR
1.00ratio
FMR$980
Market$980
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR
0.90ratio
FMR$1,220
Market$1,350
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR
0.83ratio
FMR$1,290
Market$1,560
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.83
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 74821 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74821 (Ada, OK) is $980 a month. That is down 1.0% from $990 in FY 2026. Ada is in the Pontotoc 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 $982. Among 11 ZIP codes in Pontotoc County, 74821 is tied for the 4th-highest two-bedroom rent (county range $920–$1,110). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74821 is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 74821
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$700
$680
−2.9%
$612–$748
1BR
$750
$750
0.0%
$675–$825
2BR
$990
$980
−1.0%
$882–$1,078
3BR
$1,220
$1,220
0.0%
$1,098–$1,342
4BR
$1,330
$1,290
−3.0%
$1,161–$1,419
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 74821
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$680
$750
$980
$1,220
$1,290
FY 2026
$700
$750
$990
$1,220
$1,330
FY 2025
$740
$750
$980
$1,240
$1,360
FY 2024area FMR
$721
$726
$954
$1,213
$1,271
FY 2023area FMR
$618
$622
$819
$1,062
$1,100
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Pontotoc County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 74821?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $982, which applies unless the housing authority uses Small Area FMRs, that basic range is $884 to $1,080 a month; under the ZIP-level Small Area FMR of $980 it would be $882 to $1,078. 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 74821 in?
ZIP 74821 is in the Pontotoc County, OK non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $982.
How much did fair market rent change in ZIP 74821 for FY 2027?
The two-bedroom FMR fell 1.0%, from $990 in FY 2026 to $980 in FY 2027. Since FY 2025 it has risen 0.0%.
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