Location: Traill County, ND | Metro: Traill County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 58257, located in Traill County, North Dakota, reveals several key points that are crucial for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the area, set at $910 for the fiscal year 2026, is slightly higher than the current market rent of $870 based on Census ACS data. This indicates that landlords can expect a modest increase in rental income if they align their rents with the FMR, providing a positive outlook for rental properties in this ZIP code.
Secondly, the acquisition affordability in ZIP 58257 is reasonable with a median home value of $194,524. However, the lack of data on days on market (DOM) and the percentage of homes needing price cuts suggests that the local real estate market might be less active or stable compared to other areas. This could mean fewer opportunities for quick flips but also potentially lower competition for acquiring properties.
Lastly, there is a notable tenant demand with a population of 2,180 and a significant 47.1% of residents being renters. This high renter share indicates a steady pool of potential tenants, which is beneficial for maintaining occupancy rates and ensuring consistent cash flow.
Verdict: ZIP code 58257 presents a viable investment opportunity for landlords and small-portfolio investors due to the favorable rent math and strong tenant demand. The median home value is moderate, making property acquisition relatively affordable. However, the absence of data on market activity metrics such as DOM and price-cut share should be considered, as it may indicate a slower-moving market. Overall, the combination of modest rental increases and a high proportion of renters supports the potential success of rental investments in this area.
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.