Location: Sargent County, ND | Metro: Dickey County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 58040 in Sargent County, North Dakota reveals several key points for landlords and small-portfolio investors.
First, regarding the rent math, the Federal Market Rent (FMR) set at $960 for the fiscal year 2026 is slightly higher than the current market rent of $904 as reported by the Census ACS. This indicates that while properties might be eligible for higher rental assistance through Section 8, they should expect to charge below the FMR to remain competitive in the local market.
Second, on the affordability of acquisitions, the data shows that the median home value is not available, which suggests a lack of recent sales data or a very limited housing market. The days on market (DOM) and the percentage of homes that have been price-cut also come up as N/A, implying that there may be insufficient activity to draw meaningful conclusions about the ease or difficulty of acquiring properties at reasonable prices. Investors should proceed with caution and seek additional local insights.
Third, concerning tenant demand, the ZIP code has a population of 1,030, with 41.9% of residents being renters. This suggests a moderate level of interest in rental properties, though the small overall population means that the number of potential tenants is relatively low.
In summary, ZIP 58040 offers a niche opportunity for investors who can leverage the slightly higher FMR compared to the market rent. However, the lack of detailed acquisition affordability metrics and the limited population size present challenges. Landlords should focus on understanding the local rental market dynamics and the specific needs of potential tenants to ensure success in this area.
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.