FY2027 Small Area FMR · Ripley, OK

ZIP 74062 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 74062 (Ripley, OK) is $940 a month, unchanged from FY2026. That is 7% below the Payne County, OK area-wide FMR of $1,010.

2-bedroom SAFMR$940per month ■ 0.0%

Area-wide 2 BR FMR$1,010Payne County, OK

Rank in the area10thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$720▲ 1.4%

1 BR$770■ 0.0%

2 BR$940■ 0.0%

3 BR$1,300■ 0.0%

4 BR$1,420■ 0.0%

FY2027 FY2026

Where 74062 sits in the Payne County, OK area

Of the 17 ZIP codes HUD lists for the area, 74062 has the 10th highest two-bedroom Small Area FMR. Payne 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 $1,010 for two bedrooms; an agency that opts in to Small Area FMRs would use $940 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$720	$648 – $792	$799	$710
1 bedroom	$770	$693 – $847	$829	$770
2 bedrooms	$940	$846 – $1,034	$1,010	$940
3 bedrooms	$1,300	$1,170 – $1,430	$1,399	$1,300
4 bedrooms	$1,420	$1,278 – $1,562	$1,468	$1,420

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $98,800 and the 80% low-income limit for four people is $73,200. ZIP code 74062 lies mainly in Payne County. See the Payne County, OK county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
74023	Cushing	10.0 mi	$920
74074	Stillwater	10.1 mi	$1,130
74077	Stillwater	10.3 mi	$1,100
74059	Perkins	10.4 mi	$980
74824	Agra	10.4 mi	$1,010
74085	Yale	11.2 mi	$920

Questions

What is the Fair Market Rent for ZIP code 74062?

HUD's FY2027 Small Area Fair Market Rents for 74062 are $720 (studio), $770 (1 BR), $940 (2 BR), $1,300 (3 BR) and $1,420 (4 BR) a month.

What is the Section 8 payment standard in 74062?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 74062 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 74062?

The FY2026 income limits of the Payne County, OK area apply: median family income $98,800, low-income (80%) limit $73,200 for a family of four.