FY2027 Small Area FMR · Velma, OK
ZIP 73491 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 73491 (Velma, OK) is $1,000 a month, down 3.8% from FY2026. That is 9% above the Stephens County, OK area-wide FMR of $916.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 73491 sits in the Stephens County, OK area
Of the 12 ZIP codes HUD lists for the area, 73491 has the 1st highest two-bedroom Small Area FMR. Stephens County, OK is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $916 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,000 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $810 | $729 – $891 | $744 | $860 |
| 1 bedroom | $820 | $738 – $902 | $749 | $860 |
| 2 bedrooms | $1,000 | $900 – $1,100 | $916 | $1,040 |
| 3 bedrooms | $1,380 | $1,242 – $1,518 | $1,268 | $1,450 |
| 4 bedrooms | $1,600 | $1,440 – $1,760 | $1,467 | $1,680 |
A household renting a two-bedroom home at the Small Area FMR of $1,000 needs about $40,000 a year to keep housing costs at 30% of income. The area median family income is $81,500 and the 80% low-income limit for four people is $65,200. ZIP code 73491 lies mainly in Stephens County. See the Stephens County, OK county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 73491?
HUD's FY2027 Small Area Fair Market Rents for 73491 are $810 (studio), $820 (1 BR), $1,000 (2 BR), $1,380 (3 BR) and $1,600 (4 BR) a month.
What is the Section 8 payment standard in 73491?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 73491 that range is $900 to $1,100 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 73491?
The FY2026 income limits of the Stephens County, OK area apply: median family income $81,500, low-income (80%) limit $65,200 for a family of four.