Location: Walsh County, ND | Metro: Walsh County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 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 58210 is situated in a rural area with a small population of 246 residents. Only 9.3% of these residents are renters, indicating a predominantly owner-occupied community. The median household income in this area is $47,500, which suggests a modest economic profile. However, the median home value is not available, making it challenging to assess the overall housing market dynamics.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870. This figure is notably higher than the current market rent of $694, as reported by the Census Bureau's American Community Survey (ACS). This disparity between the FMR and the actual market rent indicates an opportunity for landlords who can leverage the higher subsidy rates to improve their rental properties or manage them more effectively.
Given the low percentage of renters and the modest income levels, this ZIP code is more suited for a hands-off voucher operator rather than a hands-on value-add buyer. The limited demand for rentals means that there is less incentive for extensive property improvements or active management strategies. Instead, landlords should focus on maintaining properties to meet the minimum standards required for Section 8 participation while taking advantage of the higher FMR to ensure steady cash flow without the need for significant investment or intervention.
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.