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Cleveland County/Newalla/74857

74857

ZIPSAFMR
Cleveland County, OK
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$1,160
1 BR$1,140$1,220
2 BR$1,390$1,400
3 BR$1,880$1,750
4 BR$2,110$2,070
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$146,123

Cost breakdown

+Likely effective rent$1,400
HUD FMR$1,390
Market rent$1,400
Est. payment standard (100%)Used$1,400
-Principal and interest-$739
Loan amount$116,898
Down payment$29,225
Rate6.50%
Term30 years
-Operating costs-$461
Property taxes-$146
Insurance-$175
Utilities$0
HOA$0
Management-$140
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,624(77.4% ROI)
Projected value
$157,358
Return breakdown
Property appreciation+$11,235
Loan principal paid down+$4,188
Rental cash flow+$7,200
5-year hold
+$38,670(132.3% ROI)
Projected value
$165,325
Return breakdown
Property appreciation+$19,202
Loan principal paid down+$7,469
Rental cash flow+$12,000
10-year hold
+$82,723(283.1% ROI)
Projected value
$187,050
Return breakdown
Property appreciation+$40,927
Loan principal paid down+$17,796
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.83
1 BR
0.90
2 BR
0.99
3 BR
1.07
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 74857 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 74857 (Newalla, OK) is $1,390 a month. That is down 1.4% from $1,410 in FY 2026. Newalla is in the Oklahoma City, OK HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 30 ZIP codes in Cleveland County, 74857 is tied for the 5th-highest two-bedroom rent (county range $920–$1,710). The median county two-bedroom FMR in Oklahoma is $916, so ZIP 74857 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 74857
BedroomsFY 2027Change90–110% range
Studio$1,050−0.9%$945–$1,155
1BR$1,140−0.9%$1,026–$1,254
2BR$1,390−1.4%$1,251–$1,529
3BR$1,880−0.5%$1,692–$2,068
4BR$2,110+0.5%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 74857
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,140$1,390$1,880$2,110
FY 2026$1,060$1,150$1,410$1,890$2,100
FY 2025$910$990$1,220$1,630$1,780
FY 2024$750$800$990$1,320$1,460
FY 2023$650$680$840$1,120$1,310

Two-bedroom rent in nearby Cleveland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 74857
73153$1,310−5.8%
73159$1,280−7.9%
73160$1,350−2.9%
73165$1,200−13.7%
73169$1,410+1.4%
73170$1,700+22.3%
73173$1,380−0.7%
73189$1,310−5.8%
74851$920−33.8%
74852$920−33.8%
74857Current$1,390—
74878$930−33.1%

Questions about ZIP 74857 rents

How much will Section 8 pay for a two-bedroom in ZIP 74857?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,390, that basic range is $1,251 to $1,529 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 74857 in?

ZIP 74857 is in the Oklahoma City, 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 74857 for FY 2027?

The two-bedroom FMR fell 1.4%, from $1,410 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 65.5%.

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