ZIP 74023 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 74023 in the Lincoln County, OK FMR area.

Lincoln County, OK

$730Efficiency

$7501 bedroom

$9202 bedrooms

$1,2703 bedrooms

$1,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$730	$657	$803	$808
1 bedroom	$750	$675	$825	$822
2 bedrooms	$920	$828	$1,012	$916
3 bedrooms	$1,270	$1,143	$1,397	$1,217
4 bedrooms	$1,340	$1,206	$1,474	$1,417

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

Tulsa, OK

$730Efficiency

$7501 bedroom

$9202 bedrooms

$1,2703 bedrooms

$1,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$730	$657	$803	$947
1 bedroom	$750	$675	$825	$1,007
2 bedrooms	$920	$828	$1,012	$1,229
3 bedrooms	$1,270	$1,143	$1,397	$1,611
4 bedrooms	$1,340	$1,206	$1,474	$1,882

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

Payne County, OK

$730Efficiency

$7501 bedroom

$9202 bedrooms

$1,2703 bedrooms

$1,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$730	$657	$803	$799
1 bedroom	$750	$675	$825	$829
2 bedrooms	$920	$828	$1,012	$1,010
3 bedrooms	$1,270	$1,143	$1,397	$1,399
4 bedrooms	$1,340	$1,206	$1,474	$1,468

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

Income in ZIP 74023

$59,848average adjusted gross income per tax return (2022)

$43,126average salaries and wages per return

4,190tax returns filed

18%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	33.2%
$25,000 to $50,000	26.7%
$50,000 to $75,000	14.8%
$75,000 to $100,000	9.8%
$100,000 to $200,000	12.4%
$200,000 or more	3.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 22.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 74023?

HUD's FY2027 Small Area FMRs for ZIP 74023 (Lincoln County, OK) are $730 efficiency, $750 one bedroom, $920 two bedrooms, $1,270 three and $1,340 four bedrooms.

What payment standard can a housing authority set in ZIP 74023?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $828 to $1,012.

How affordable is rent in ZIP 74023?

Tax returns filed from ZIP 74023 reported an average adjusted gross income of $59,848 (2022). A two-bedroom unit at the Small Area FMR costs $11,040 a year, or 18% of that income.