Location: Richland County, ND | Metro: Richland County, ND
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,040 | $361,816 | 0.56% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 58077 are defined by the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment, which is set at $1,240 per month for fiscal year 2026. This SAFMR figure is specifically tailored to this ZIP code, reflecting the unique rental market dynamics present here.
A landlord participating in the Section 8 program receives payments from the Housing Choice Voucher program, which covers most of the tenant's rent. The voucher holder is responsible for paying approximately 30% of their adjusted monthly income towards rent. This amount, known as the tenant portion, varies based on the individual's income but typically ranges between $372 and $500 for a household qualifying for a two-bedroom unit in ZIP 58077.
In addition to the base rent, the Section 8 program also provides utility allowances. These allowances cover costs such as electricity, gas, water, and sewer. For a two-bedroom apartment, the utility allowance can vary, but it generally does not exceed $150 per month. Thus, the total reimbursement a landlord might receive from the voucher program, including the tenant portion and utility allowances, would be around $1,240 to $1,390 per month.
To illustrate, if a voucher holder has an adjusted monthly income of $1,500, they would pay about $450 towards rent, leaving the remaining $790 to be covered by the Section 8 program. With a utility allowance of $150, the total reimbursement would be $1,390. However, if the market rent in ZIP 58077 were higher than the SAFMR, landlords would face a reimbursement gap.
Since the local market rent for ZIP 58077 is currently unavailable, we cannot provide a precise surplus or gap. However, given the SAFMR of $1,240, landlords should expect a reimbursement that closely aligns with this figure. If market rents exceed this amount, landlords will experience a shortfall. Conversely, if market rents are lower, landlords may benefit from a slight surplus.
In summary, the SAFMR sets the maximum allowable rent for a two-bedroom apartment in ZIP 58077 at $1,240 for FY 2026. Landlords must understand that the actual reimbursement will depend on the tenant's income and any applicable utility allowances. The reimbursement gap or surplus will be determined by comparing this fixed rate against the prevailing local market rents.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.