Location: Traill County, ND | Metro: Traill County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The ZIP code 58009, located within the Traill County, ND metro, has a Family Monthly Income Rent (FMR) of $920 for fiscal year 2026. This figure is key to understanding how it compares to other ZIP codes in the county.
Average market rents and home values are not available for ZIP 58009, which limits direct comparison with other areas. However, the 64.3% renter share stands out as a significant point of interest. This high percentage indicates a strong preference for renting over owning in the area, which can be beneficial for landlords and small-portfolio investors looking to capitalize on the demand for rental properties.
In the context of Traill County, ND, ZIP 58009's characteristics suggest it could be considered a value pocket within its metro. The absence of market rent and home value data implies that the area might not be as desirable or competitive as some other parts of the county, but the high renter share compensates for this. It signals a concentration of tenants who are likely reliant on rental assistance programs such as Section 8.
The high renter share combined with an FMR of $920 suggests that this ZIP code is particularly attractive for Section 8 participants. While we cannot definitively state that 58009 is a premium sub-market without additional data on market rents and home values, the high reliance on rental housing does indicate a potential sweet spot for those interested in Section 8 tenancy. Landlords and small-portfolio investors should consider the robust demand for affordable rentals in this area, making it a strategic choice for investment in subsidized housing markets.
To further evaluate the investment potential of ZIP 58009, landlords should look into the availability and rules of Section 8 vouchers in the area. Given the high proportion of renters, securing Section 8 tenants could provide a steady stream of income, albeit at a fixed rate determined by the FMR.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.