Location: Sargent County, ND | Metro: Ransom County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,560 |
| 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)
The market analysis for Section 8 investors targeting ZIP code 58069, located in Sargent County, ND, reveals several key points that should guide investment decisions. The HUD Fair Market Rent (FMR) for the metro area, effective in fiscal year 2026, is set at $980 per month. This figure is crucial for understanding the rental landscape and the potential cash flow from voucher tenants.
Unfortunately, the specific market rent data for ZIP 58069 is currently unavailable. However, based on the HUD FMR, we can infer that voucher tenants will likely cashflow at the FMR rate, assuming the FMR aligns closely with market rates. In areas where the FMR exceeds market rents, investors can expect marginal cash flow or even positive cash flow from premium units. Given the limited data, it's reasonable to assume that the $980 FMR is reflective of the local market, making it feasible for investors to achieve positive cash flow with well-managed properties.
The median home value for ZIP 58069 is also not available, which means deriving a precise rent-to-price ratio is challenging. Typically, this ratio would help investors understand the relative attractiveness of renting versus buying. Without specific home value data, we cannot provide a concrete comparison; however, the lack of significant price cuts and a median Days on Market (DOM) indicates stability in the housing market. This suggests that the local real estate environment is predictable, which can be advantageous for long-term investments.
In summary, the strongest investor angle in ZIP 58069 appears to be cash flow, given the alignment between the HUD FMR and presumed market rents. Stability in the housing market further supports this conclusion, offering a secure investment opportunity for those interested in Section 8 properties.
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.