Location: Sargent County, ND | Metro: Sargent County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
ZIP code 58017, located in Sargent County, North Dakota, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the $900 metro area in fiscal year 2026 stands at a significant premium over the current market rent of $513. This creates a substantial spread of $387, ensuring that landlords can secure above-market rents through Section 8 vouchers.
The median home value in this ZIP code is not available, which suggests a primarily rental-focused market. Given the high percentage of renters at 37.2%, landlords have a considerable opportunity to capitalize on the demand for affordable housing. Additionally, the median income of $61,250 indicates a stable economic base, supporting the likelihood of consistent rental payments.
The lack of data on price-cut share and days on market (DOM) implies that this ZIP code is not particularly attractive as an appreciation play. Landlords should focus on the guaranteed cash flow rather than potential capital gains. By leveraging the Section 8 program, landlords can achieve steady, reliable income streams that outperform the local market rates.
In summary, ZIP 58017 is best suited as a cash-flow anchor due to the wide gap between FMR and market rents, a high renter share, and a stable median income. This positioning allows landlords to secure predictable, above-market returns without relying on speculative appreciation or market fluctuations.
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.