Section 8 Fair Market Rent (FMR) for ZIP 58058 - 2027

Location: Richland County, ND | Metro: Richland County, ND

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$910
2 Bedrooms	$1,190
3 Bedrooms	$1,640
4 Bedrooms	$1,980
5 Bedrooms	$2,297
6 Bedrooms	$2,573
7 Bedrooms	$2,779
8 Bedrooms	$2,918

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

115

Median Household Income

$79,375

Housing Units

Renter Percentage

N/A

Occupancy Rate

95.5%

Renter Occupied

The ZIP code 58058, located in North Dakota, is characterized by a rural landscape with limited housing options. The area's economy is primarily driven by agriculture and oil-related industries, which influence the local real estate market.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010. This figure represents the maximum amount that low-income families should pay in rent.
The market rent data is currently unavailable for ZIP 58058, indicating a lack of comprehensive rental information in this region.
The median home value is also not available, suggesting that the majority of homes in this ZIP code are owner-occupied rather than rented out.
Renters make up only 0.0% of the population, highlighting the dominance of homeownership in the area.
The days on market (DOM) statistic is not available, which could be due to the limited number of rental properties listed for this ZIP code.
The median household income in the area stands at $79,375, reflecting a moderate economic base that supports both homeownership and potentially higher-end rental units if they were to exist.

Given the scarcity of rental data and the nearly exclusive prevalence of homeownership in ZIP 58058, it is evident that the market for rental properties is extremely thin. The high median income suggests potential for luxury rentals or vacation homes, but the absence of renters and specific market rent figures underscores the challenges in finding tenants. Landlords and small-portfolio investors should consider these factors when evaluating the viability of rental investments in this area, focusing instead on opportunities that align with the local preference for homeownership or niche markets that cater to the specific economic drivers of the region.

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.