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 analysis of ZIP code 58237 reveals a unique balance between yield potential and market stability, making it an intriguing option for real-estate investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870, while the market rent is estimated at $736. This discrepancy suggests that there is room for modest price adjustments to capture higher rents, aligning closer to the FMR. However, the median home value stands at $155,910, indicating a relatively affordable entry point into the market.
On the stability axis, the data points towards a mixed but leaning towards steady cash flow scenario. With 31.8% of the population being renters, there is a decent demand for rental properties, which can provide consistent income. Unfortunately, the Days on Market (DOM) data is not available, which would have been crucial for understanding the speed at which properties are typically sold or rented. Despite this gap, the average household income of $70,201 provides insight into the economic health of the area, suggesting that tenants generally have the means to meet their rent obligations.
Given these factors, ZIP 58237 is best classified as a steady-cashflow zone with moderate yield potential. The market rent of $736 is below the metro FMR of $870, allowing for some upside in rental pricing. Yet, the significant portion of renters (31.8%) ensures a stable tenant base. Moreover, the lower median home value compared to typical real estate markets indicates that flipping might not be the most lucrative strategy here. Instead, focusing on long-term rentals could be more beneficial, as the income levels suggest that tenants can sustainably afford the current market rent rates.
To summarize, the key figures driving this assessment are the FMR and market rent rates, the median home value, and the average household income. These elements collectively indicate that ZIP 58237 offers a reliable cash flow opportunity with the potential for slightly above-average yields, without the risks associated with highly volatile markets.
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.