HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Carter County, Oklahoma (FY 2027)
$1,040 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Carter County, and it's the baseline every voucher in Carter is measured against.
Two-bedroom FMR
$1,040
-1.3% from FY 2026
Payment standard
$936–$1,144
90% to 110% of the FMR, two-bedroom
Income to afford
$41,600
a year, with rent at 30% of income
Rank in Oklahoma
13th of 77
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $762 | $686–$838 | $30,480 | $14.65/hr | -1.8% |
| 1 bedroom | $836 | $752–$920 | $33,440 | $16.08/hr | +4.1% |
| 2 bedroom | $1,040 | $936–$1,144 | $41,600 | $20.00/hr | -1.3% |
| 3 bedroom | $1,318 | $1,186–$1,450 | $52,720 | $25.35/hr | -0.5% |
| 4 bedroom | $1,548 | $1,393–$1,703 | $61,920 | $29.77/hr | -0.3% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,780 | $1,602–$1,958 |
| 6 bedroom Estimate | $2,012 | $1,811–$2,213 |
| 7 bedroom Estimate | $2,245 | $2,021–$2,470 |
| 8 bedroom Estimate | $2,477 | $2,229–$2,725 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Carter actually rent for?
Search any address in Carter for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Carter somewhere between $936 and $1,144. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,040 a month is affordable, by HUD's 30% rule, on an income of roughly $41,600 a year. Put another way, $20 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$936 | Voucher pays at 100%$1,040 | Voucher pays at 110%$1,144 |
|---|---|---|---|---|
| $2,500 | $750 | $186 | $290 | $394 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went down 1% from FY 2026 ($1,054) to FY 2027 ($1,040). Since FY 2020 it's up 45% in total, about 5.5% a year. The Oklahoma median moved down 2% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $570 | $601 | $717 | $893 | $971 | — |
| FY 2021 | $642 | $649 | $781 | $971 | $1,134 | +8.9% |
| FY 2022 | $634 | $638 | $793 | $996 | $1,257 | +1.5% |
| FY 2023 | $688 | $692 | $884 | $1,105 | $1,341 | +11.5% |
| FY 2024 | $743 | $748 | $983 | $1,232 | $1,474 | +11.2% |
| FY 2025 | $786 | $792 | $1,039 | $1,292 | $1,466 | +5.7% |
| FY 2026 | $776 | $803 | $1,054 | $1,324 | $1,553 | +1.4% |
| FY 2027In effect | $762 | $836 | $1,040 | $1,318 | $1,548 | -1.3% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Carter, that runs from $762 for a studio up to $1,548 for four bedrooms, all five rates in the table above.
Because Carter sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Ardmore included.
Among Oklahoma's 77 counties, Carter ranks 13th for two-bedroom FMR. That's about 14% above the state median of $916 and about 2% below the national median county at $1,063. About 48,555 people live here, 17th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $950 in 73435 (Fox) and $1,090 in 73401 (Ardmore), with the 13 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 73401 | Ardmore | $1,090 | +4.8% |
| 73402 | Ardmore | $1,040 | 0.0% |
| 73403 | Ardmore | $1,040 | 0.0% |
| 73435 | Fox | $950 | -8.7% |
| 73436 | Gene Autry | $950 | -8.7% |
| 73437 | Graham | $980 | -5.8% |
| 73438 | Healdton | $950 | -8.7% |
| 73443 | Lone Grove | $1,080 | +3.8% |
| 73458 | Springer | $1,040 | 0.0% |
| 73463 | Wilson | $960 | -7.7% |
| 73481 | Ratliff City | $950 | -8.7% |
| 73487 | Tatums | $950 | -8.7% |
| 73488 | Tussy | $950 | -8.7% |
Nearby counties
Two-bedroom FMR, with how each compares to Carter.
Murray County
20 mi · 13,753 people
$979
-6%
Love County
27 mi · 10,261 people
$1,101
+6%
Garvin County
29 mi · 25,860 people
$916
-12%
Stephens County
29 mi · 43,551 people
$916
-12%
Jefferson County
33 mi · 5,380 people
$916
-12%
Marshall County
37 mi · 15,792 people
$916
-12%
Johnston County
40 mi · 10,278 people
$916
-12%
Pontotoc County
49 mi · 38,235 people
$982
-6%
Questions people ask
$1,040 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $762 for a studio, $836 for one bedroom, $1,318 for three and $1,548 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Carter actually go for?
HUD's number is one input. Search any address in Carter for a rent estimate built from nearby comps. Free to start, no card.
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