Location: Cavalier County, ND | Metro: Cavalier County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
40.7% of residents in ZIP code 58269 are renters, indicating a significant demand for rental properties in the area. The Fair Market Rent (FMR) for Section 8 in the metro area for fiscal year 2026 is set at $1,190, which is notably higher than the market rent reported by the Census ACS at $1,053. This suggests that landlords participating in the Section 8 program could potentially receive higher rents compared to the local market average.
N/A median home value and N/A median income data highlight the lack of comprehensive financial information available for this ZIP code. However, the disparity between the Section 8 FMR and the market rent provides a clear indication that the program can offer competitive rates to landlords. The absence of median days on market (DOM) and the percentage of price-cut shares also points to a limited dataset regarding property transactions and pricing trends.
Given the high proportion of renters and the favorable comparison between Section 8 FMR and market rent, it is evident that the program presents an attractive opportunity for landlords and small-portfolio investors in ZIP code 58269. The higher guaranteed rent through Section 8 can provide stability and predictability in a market where other economic indicators are less defined.
Section 8 Verdict: A strong investment consideration given the high renter share and favorable rent comparison.
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.