Location: Richland County, ND | Metro: Richland County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 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 Fair Market Rent (FMR) for ZIP code 58076 in metro FY 2026 is set at $880. This figure represents the payment standard used by the Housing Choice Voucher Program, commonly known as Section 8. It is important to note that this amount is not the rent that tenants will pay; it is the maximum amount that the government will reimburse landlords for renting out their properties.
Local average rents in ZIP 58076 are currently listed as N/A, which means there isn't enough data available to provide a precise comparison. However, the FMR serves as a benchmark to ensure that rents are reasonable and reflective of the market conditions in the area.
The percentage of renters in ZIP 58076 is N/A%, indicating the proportion of residents who rely on rental housing. This statistic can help you gauge the potential demand for your property among those eligible for Section 8 assistance. While the exact percentage is not provided, understanding the local renter population can give you insight into the likelihood of finding tenants.
Acquisition costs for properties in this ZIP code are also listed as N/A, suggesting that detailed information on property values might be limited. Despite this, the FMR can still guide you in setting a competitive rent price that aligns with the reimbursement rates.
Before proceeding with a Section 8 rental, one critical step is to verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the unit is safe, decent, and sanitary for occupancy. Failure to meet these requirements could result in delays or disqualification from the program.
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.