Section 8 Fair Market Rent (FMR) for ZIP 58260 - 2027

Location: Walsh County, ND | Metro: Cavalier County, ND

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$880
1 Bedroom	$890
2 Bedrooms	$1,100
3 Bedrooms	$1,430
4 Bedrooms	$1,840
5 Bedrooms	$2,134
6 Bedrooms	$2,390
7 Bedrooms	$2,581
8 Bedrooms	$2,710

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

256

Median Household Income

$57,813

Housing Units

116

Renter Percentage

28.2%

Occupancy Rate

88.8%

Renter Occupied

ZIP code 58260, located in North Dakota, is characterized by a strong reliance on rental housing, with nearly 28.2% of residents being renters. This analysis provides key insights into the real estate market dynamics within this area, focusing on factors relevant to landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 58260 is set at $980 for the fiscal year 2026, indicating the average rent level that HUD expects to pay for a modest rental unit in the area.
Market rent data is currently unavailable, which can make it challenging to gauge the exact rental rates beyond government-set standards.
The median home value is also not available, suggesting a lack of comprehensive data on homeownership in the area.
Renters represent a significant portion of the local population, with 28.2% of the residents choosing to lease their homes rather than own them.
The Days on Market (DOM) figure is not available, making it difficult to assess how quickly properties are typically rented out in this ZIP code.
The median household income in ZIP 58260 is $57,813, providing a benchmark for the financial capacity of potential tenants.

Given the data points above, landlords and small-portfolio investors should focus on properties that align with the FMR of $980, as this reflects the affordability threshold for many residents. The high share of renters at 28.2% suggests a stable demand for rental units, though without market rent data, it's critical to monitor local trends closely. The median income figure of $57,813 indicates that tenants are likely to be financially stable enough to meet rent obligations, assuming the rents remain reasonable. In summary, the ZIP code presents a solid opportunity for those willing to adhere to HUD guidelines and cater to the rental market's needs.

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.