Section 8 Fair Market Rent (FMR) for ZIP 58225 - 2027

Location: Walsh County, ND | Metro: Kittson County, MN

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$860
1 Bedroom	$890
2 Bedrooms	$1,010
3 Bedrooms	$1,380
4 Bedrooms	$1,680
5 Bedrooms	$1,949
6 Bedrooms	$2,183
7 Bedrooms	$2,358
8 Bedrooms	$2,476

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,053

Median Household Income

$74,250

Housing Units

518

Renter Percentage

16.3%

Occupancy Rate

85.1%

Renter Occupied

The ZIP code 58225, located in North Dakota, is characterized by a stable housing market that offers opportunities for both landlords and small-portfolio investors. The area benefits from a mix of rental and owner-occupied properties, with a significant portion of residents choosing to rent rather than own.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, providing a benchmark for rental pricing.
The actual market rent, according to the latest Census ACS data, stands at $495, indicating a potential gap between what the government deems fair and what the market is currently offering.
The median home value in the area is $123,012, which is relatively low compared to many other regions, making it accessible for first-time buyers and investors alike.
Renters make up 16.3% of the housing market, suggesting a moderate demand for rental properties.
The median income in the area is $74,250, which could support higher rents if marketed effectively.
Note: The data on days on market (DOM) is currently unavailable, but this metric would be crucial in assessing the speed of property turnover in the area.

Synthesizing these points, investors can see that ZIP 58225 presents a balanced opportunity where rental pricing has room for growth, given the discrepancy between FMR and actual market rent. The lower median home value suggests that there is still a margin for appreciation in property values, especially considering the median income level. With a moderate renter share, there is a steady demand for rental properties, although the exact dynamics of the local real estate market, such as how quickly properties sell, remain unclear without DOM data. Overall, the area offers a solid foundation for investment, particularly in rental properties, with potential for increasing returns through strategic management and marketing.

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.