Location: Sargent County, ND | Metro: Sargent County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 58067 stands out due to its unique demographic and economic characteristics. With only 277 residents, it is one of the smallest ZIP codes in terms of population size. Despite this, 11.2% of the residents rent their homes, indicating a modest but present rental market. The median income for the area is notably high at $92,969, which suggests that the residents have a higher purchasing power compared to many other areas. However, the median home value is listed as N/A, which could imply that there is limited data available regarding homeownership in this ZIP code.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $870. This figure represents the maximum amount that landlords can receive through the voucher program for a given unit. In contrast, the current market rent, according to Census ACS data, is significantly lower at $469. This discrepancy between the FMR and the actual market rent presents an opportunity for landlords who accept Section 8 vouchers, as they can potentially receive more than the typical market rate for rental properties.
Given the data signature of ZIP 58067, the area appears to be relatively stable. The high median income indicates a steady financial base among the residents, which is favorable for both landlords and tenants. Although the rental percentage is low, the potential for higher rents through Section 8 vouchers can make this ZIP code attractive to landlords looking to capitalize on government subsidies. The lack of data on median home values does not necessarily indicate instability but rather a focus on the rental market within the community.
In summary, ZIP 58067 offers a niche market for landlords interested in Section 8 vouchers. The combination of a high median income and a favorable FMR-to-market-rent ratio makes it a potentially lucrative area for investment, especially for those willing to navigate the smaller scale of the rental market. The overall stability of the area, as reflected in the strong median income, supports a consistent and reliable tenant pool.
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.