Section 8 Fair Market Rent (FMR) for ZIP 58013 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A skeptical investor looking into ZIP code 58013 might have several concerns regarding the feasibility of investing in properties under the Section 8 program. Let's address these concerns directly using available data.

• Will Fair Market Rent ($890 for metro FY 2026) cover the mortgage on a property in ZIP 58013? The data provided does not include specific mortgage amounts for homes in ZIP 58013, making it impossible to definitively state whether the Fair Market Rent (FMR) will cover the mortgage. However, the FMR serves as a guideline for rental rates and helps ensure that landlords receive a reasonable amount for their properties. Landlords should conduct individual research based on the specific property's value and financing terms to determine if the FMR can cover their mortgage payments.
• Is there enough renter demand at 0.0%? The data indicates that the percentage of renters participating in the Section 8 program in ZIP 58013 is 0.0%. This figure suggests that there is currently no demand for Section 8 housing in this area. For landlords and small-portfolio investors considering participation in the Section 8 program, this could mean limited opportunities to fill vacancies with tenants receiving rental assistance. It is important to note that local conditions can change, so ongoing monitoring of the housing market in 58013 is advisable.
• Will vouchers keep pace with the market rents in ZIP 58013? While the data does not provide specific market rent figures for ZIP 58013, the FMR set at $890 for the metro area in fiscal year 2026 is designed to reflect the average market rent for modestly priced rentals. Vouchers are adjusted periodically to ensure they remain competitive with market rents. However, without specific market rent data for ZIP 58013, it's difficult to make a precise assessment. Investors should stay informed about local rent trends and any adjustments made to voucher amounts to ensure they remain aligned with market conditions.

The analysis of ZIP 58013 reveals a lack of specific data points that could definitively answer all investment concerns. Investors must consider the broader context of the housing market and perform detailed due diligence on individual properties to make informed decisions.

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.