ZIP 74003 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 74003 in the Tulsa, OK FMR area.

Tulsa, OK

$720Efficiency

$7901 bedroom

$9402 bedrooms

$1,2703 bedrooms

$1,3004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$720	$648	$792	$947
1 bedroom	$790	$711	$869	$1,007
2 bedrooms	$940	$846	$1,034	$1,229
3 bedrooms	$1,270	$1,143	$1,397	$1,611
4 bedrooms	$1,300	$1,170	$1,430	$1,882

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Washington County, OK

$720Efficiency

$7901 bedroom

$9402 bedrooms

$1,2703 bedrooms

$1,3004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$720	$648	$792	$714
1 bedroom	$790	$711	$869	$790
2 bedrooms	$940	$846	$1,034	$930
3 bedrooms	$1,270	$1,143	$1,397	$1,267
4 bedrooms	$1,300	$1,170	$1,430	$1,272

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 74003

$52,315average adjusted gross income per tax return (2022)

$35,989average salaries and wages per return

5,350tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	38.9%
$25,000 to $50,000	29.7%
$50,000 to $75,000	12.7%
$75,000 to $100,000	7.1%
$100,000 to $200,000	9.0%
$200,000 or more	2.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 28.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 74003?

HUD's FY2027 Small Area FMRs for ZIP 74003 (Tulsa, OK) are $720 efficiency, $790 one bedroom, $940 two bedrooms, $1,270 three and $1,300 four bedrooms.

What payment standard can a housing authority set in ZIP 74003?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $846 to $1,034.

How affordable is rent in ZIP 74003?

Tax returns filed from ZIP 74003 reported an average adjusted gross income of $52,315 (2022). A two-bedroom unit at the Small Area FMR costs $11,280 a year, or 22% of that income.