Location: Sargent County, ND | Metro: Sargent County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The ZIP code 58043 presents a unique scenario for real-estate investors looking into the Section 8 market. With a Fair Market Rent (FMR) of $890 for the fiscal year 2026, it's important to note that there is no available market rent or median home value data, which means we can't directly compare these metrics to assess yield potential.
On the stability axis, the picture is clearer. The percentage of renters at 10.4% suggests a modest demand for rental properties, indicating that while there is a market, it is not highly saturated. The lack of data on days on market (DOM) could imply that the turnover rate is stable, but without specific numbers, this remains speculative. However, the median household income of $130,694 provides a strong indicator of financial stability within the area, suggesting that tenants are likely to have the means to pay their rent consistently.
Given the available data, 58043 does not fit neatly into either a high-yield/low-stability "flip-style" market or a steady-cashflow zone. The absence of market rent and median home value figures makes it challenging to evaluate the yield potential accurately. Nevertheless, the high median income indicates a relatively stable tenant base, which is crucial for ensuring reliable cash flow.
To make an informed decision, investors should consider the FMR as a baseline for rental income and the median income as a positive sign for tenant reliability. The low percentage of renters suggests that competition might be less intense, allowing for potentially higher occupancy rates once the property is listed.
In conclusion, ZIP 58043 leans towards being a steady-cashflow zone due to the high median income, implying financial stability among residents. However, the lack of comparative market data means that the true yield potential is uncertain. Investors should proceed with caution, leveraging the stability of the income levels while seeking additional local insights to better understand the rental market dynamics.
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.