Location: Ransom County, ND | Metro: Barnes County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
ZIP code 58062, located in Ransom County, North Dakota, is best suited as an appreciation play within a Section 8 portfolio strategy. The data reveals that while the exact market rates and median home values are not available, the potential for property value growth makes this ZIP code a valuable addition to any investment portfolio.
The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. Although the precise market rent is not specified, the lack of data on market rates and median home values suggests that the local real estate market is less volatile compared to larger urban areas. This stability provides a fertile ground for appreciation plays, where the primary goal is capital gains rather than rental income.
With a median income of $72,250, residents of ZIP 58062 have the financial capacity to afford higher rents over time, which can contribute to the long-term appreciation of properties. The low renter share of 0.0% indicates that homeownership is prevalent in the area, which typically correlates with stronger property value appreciation due to the community's investment in maintaining and improving housing stock.
In conclusion, ZIP 58062 should be considered as an appreciation play in a Section 8 portfolio strategy. The combination of stable market conditions and a strong local economy, supported by a median income of $72,250, positions this ZIP code for significant capital gains over the long term. Landlords and small-portfolio investors looking to balance their portfolios with assets that offer solid appreciation potential should strongly consider including properties in ZIP 58062.
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.