1st Advantage MortgageIn Moore, OK, rental investors qualify on the property's rent instead of personal income. The market data behind that: $1,340 median rent, $204,500 median home value and 32% of households renting.
Moore rental market at a glance
The Census Bureau's 2020 to 2024 American Community Survey puts median gross rent in Moore at $1,340, well above the Oklahoma median of $1,014. Median home value sits at $204,500, which is close to the Oklahoma median of $199,800. Put the two medians together and Moore shows a gross yield of 7.9%, a comparatively strong gross ratio for a metro area. Because the rent number covers apartments as well as houses, expect single-family rentals to land above or below it.
| Indicator | Oklahoma | Moore | Difference |
|---|---|---|---|
| Annual property tax bill, median | $1,599 | $2,173 | +36% |
| Household income, median | $65,039 | $80,420 | +24% |
| Typical owner-occupied value | $199,800 | $204,500 | +2% |
| Typical monthly rent | $1,014 | $1,340 | +32% |
| Persons per household | 2.50 | 2.67 | |
| Share in 2-4 unit buildings | 4.8% | 2.8% | -41% |
| Share of homes detached | 72.7% | 84.6% | +16% |
| Long commuters, 45 min plus | 10.4% | 8.0% | -23% |
| Degree holders, age 25+ | 28.3% | 29.1% | +3% |
| Workers on their own account | 10.6% | 8.3% | -21% |
| Renters paying 30%+ of income | 46.3% | 45.5% | -2% |
| Units sitting vacant | 12.0% | 5.3% | -56% |
| Annual rent divided by value | 6.1% | 7.9% | +29% |
| Tax as a share of home value | 0.80% | 1.06% | +33% |
| Residents (Census estimate) | 4,028,634 | 63,420 |
The renter share of 32.1% (close to the Oklahoma median of 34%) tells you most neighbors are owners, so rental demand is real but narrower than in a renter-heavy city. Household income runs a median $80,420 (about 24% above the Oklahoma median of $65,039), while 45% of renters spend 30 percent or more of income on housing.
Housing stock and vacancy in Moore
Detached single-family homes make up 85% of the housing units in Moore, so most rentals here compete as houses, and rents follow neighborhood and school boundaries more than building type. Median year built is 1987, so many homes are reaching the age when major systems need replacing.
Moore reports 5% of units vacant and a rental vacancy rate of 3.0%, a measure of how quickly a listed unit might lease.
What the data means for Moore buyers
With a gross rent-to-value ratio of 7.9%, Moore is the kind of market where a modest purchase price can still clear a 1.0 ratio, so the work is mostly in confirming the rent and the insurance. Homes of this vintage age unevenly, so rent comparables should come from properties in similar condition. An owner-heavy market (68% owner-occupied) means many tenants are renting by choice rather than necessity, so condition and schools matter to them.
What costs can do to a Moore ratio
The Census reports median real estate taxes paid of $2,173 in Moore, well above the Oklahoma median of $1,599. Against the median value that is an effective rate of roughly 1.06%, compared with 0.80% for Oklahoma as a whole. Measured against a year of median rent, taxes eat about 14% before any other cost shows up.
Cleveland County carries a relatively moderate overall rating in FEMA's National Risk Index, where ice storms (very high), hail (relatively high) and cold waves (relatively high) rank highest.
| Hazard in Cleveland County, FEMA index | Level |
|---|---|
| Heat waves exposure | Relatively High |
| Cold waves exposure | Relatively High |
| Hail exposure | Relatively High |
| Ice storms exposure | Very High |
| Social vulnerability score | Relatively Low |
| Annualized loss estimate | Relatively Moderate |
| Composite risk | Relatively Moderate |
Many investors meet insurance too late, so get a quote tied to the Moore property's roof age and flood zone before you waive your inspection period.
Working the Moore rent math
Worked through with this city's own medians: rent of $1,340 against taxes of about $181 a month leaves $1,159 for principal, interest, insurance and dues at a 1.00 ratio, and $891 at a 1.25 ratio. That arithmetic is the whole game, and the real rent and quotes for your address replace these medians.
Rental rules for Moore, OK
For Moore, treat local rental rules as an open question to close before you offer. Ask the city and Cleveland County about landlord registration, inspections and short-term rental permits, and check association documents too. Nightly stays carry state tax in Oklahoma. Oklahoma charges state sales tax on short-term lodging rentals unless the rental is governed by the Residential Landlord and Tenant Act, and cities or counties that have adopted a lodging tax add it on top, with platforms collecting where they facilitate the booking.
Deposits come due back within 45 days of the tenant leaving, and Moore owners should document condition at both ends of the lease.
Comparing Moore with surrounding markets
Among the nearby markets above, Midwest City has the lowest median home value at $164,500 and Norman the highest at $250,100, against $204,500 in Moore.
| Market | Renter share | Tax bill | Home value | Residents | Rent |
|---|---|---|---|---|---|
| Yukon | 31% | $2,011 | $198,900 | 25,529 | $1,274 |
| Midwest City | 42% | $1,500 | $164,500 | 58,297 | $1,091 |
| Oklahoma City | 41% | $2,311 | $231,300 | 697,125 | $1,130 |
| Norman | 47% | $2,484 | $250,100 | 129,672 | $1,090 |
| Moore | 32% | $2,173 | $204,500 | 63,420 | $1,340 |
Workforce and demand drivers in Moore
Self-employed workers, incorporated or not, make up 8.3% of employed residents, a group that often has irregular tax-return income and a natural fit with rent-based qualification. On the workforce side, government workers are about 22% of employment, 29% of adults hold a bachelor's degree or higher and 8% of commuters travel 45 minutes or more.
Randall University and University of Oklahoma are the named colleges for the Moore area, a source of steady tenants but also of a lease cycle that follows the academic calendar.
Moving from numbers to a Moore loan
Run the Moore rent, tax and insurance figures through the DSCR calculator. When they clear the ratio, start an application or ask for a quote.
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- Every market we cover
Sources
- Oklahoma security deposit statute (41 O.S. § 115(A), (B), (E), (F); § 102(2))
- Oklahoma Tax Commission, sales and use tax
- 2020 to 2024 ACS data used for Moore
- FEMA hazard ratings for Cleveland County
- Encyclopedia entry for Moore
Moore's figures are ACS estimates covering 2020 to 2024 and are not exact counts. Landlord rules for Moore rest on Oklahoma statutes and the CC BY 4.0 RedFlagLease dataset. Verified October 2026. Ordinances and statutes change, so confirm before acting.
Before you make an offer
For a Moore rental, request the current lease, the last tax bill and the insurance declarations page early, and confirm which utilities the tenant pays, because each one changes the monthly figure a lender compares with the rent.
DSCR loan availability varies by property and lender program and is not an offer to lend. See our disclosures.
Frequently asked questions
What rent do DSCR lenders use for a Moore rental?
Underwriters take the lease if one exists and compare it with the appraisal's rent estimate; the lower figure often governs. Moore median rent is $1,340.
How much payment fits the median Moore rent?
Yes, the payment includes principal, interest, taxes, insurance and association dues. At the Moore median rent of $1,340, a 1.25 ratio allows about $1,072 in total payment, of which roughly $181 a month goes to median taxes.
Are Moore property taxes high for Oklahoma?
Median taxes paid are $2,173 a year, or 1.06% of median value, compared with 0.80% statewide. Ask Cleveland County's tax office what the bill becomes after your sale.
Will a lender count nightly rental income at a Moore property?
Often, with conditions: legal use under city and association rules, documented income and an insurance policy that covers guests. Moore owners should check all three first.
Are there deposit limits for Moore rentals?
Return is due within 45 days after the tenant leaves. The governing section is 41 O.S. § 115(A), (B), (E), (F); § 102(2).
What does FEMA say about hazard risk near Moore?
The county scores relatively moderate overall in FEMA's index, with ice storms leading. Parcel-level flood maps and a real insurance quote give the answer that counts.
How do LLC closings work for Moore rentals?
No, but it is common. Entity borrowers supply articles, an operating agreement and an EIN letter, and the owners typically guarantee the loan. A Oklahoma attorney can advise on structure.