What is the Fair Market Rent in Nichols Hills, OK?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 73116, which covers Nichols Hills, is $1,310 a month.

Across the whole Oklahoma City, OK HUD Metro FMR Area the two-bedroom figure is $1,264.

The Census Bureau’s median gross rent for a two-bedroom home in Nichols Hills is $1,563 (±$795), within its margin of the Small Area figure for ZIP 73116.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,264
2 bedrooms, ZIP 73116: $1,310

Fair Market Rents for Nichols Hills, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Oklahoma City, OK HUD Metro FMR Area (whole area)	$958	$1,040	$1,264	$1,713	$1,923	—
ZIP 73116 (26% of the ZIP’s land is in this place)	$990	$1,080	$1,310	$1,780	$1,990	$1,186

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Nichols Hills

What is the Section 8 payment standard in Nichols Hills?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Oklahoma City, OK HUD Metro FMR Area is $1,264, and the Small Area figure for 73116 is $1,310.

What is the Fair Market Rent for a two-bedroom in ZIP 73116?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 73116 is $1,310 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,186 (±$172).

What is the Fair Market Rent for a one-bedroom in Nichols Hills?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 73116 is $1,080 a month, against $1,040 across the Oklahoma City, OK HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.