Location: Nelson County, ND | Metro: Nelson County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 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 Section 8 market analysis for ZIP code 58254, located in Nelson County, North Dakota, reveals several key points that are crucial for landlords and small-portfolio investors.
The HUD Fair Market Rent (FMR) for the Nelson County metro area for fiscal year 2026 is set at $950 per month. This figure is significantly higher than the average market rent reported by the Census Bureau's American Community Survey (ACS), which stands at $583 per month. This disparity indicates that voucher tenants can indeed cashflow at the HUD FMR rate, providing a strong financial advantage over market rates.
The median home value in this ZIP code is not available, suggesting a lack of significant housing stock or limited data. Consequently, deriving a precise rent-to-price ratio is challenging. However, given the absence of home values, the focus should remain on rental dynamics rather than potential buy-and-rent strategies.
With the median Days on Market (DOM) and the percentage of homes that required a price cut also not available, it's evident that the local real estate market is sparse, further reinforcing the emphasis on rental properties. The unavailability of these metrics implies that there is little competition among sellers, and thus, the primary concern for investors should be ensuring that their rental properties meet the needs of voucher holders.
In conclusion, the strongest investor angle in ZIP code 58254 is cashflow. Voucher tenants paying at the HUD FMR rate of $950 will generate a substantial profit margin over the current market rent of $583, making this an attractive opportunity for those focused on steady income from their investments.
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.