Section 8 Fair Market Rent (FMR) for ZIP 58270 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$980
1 Bedroom	$990
2 Bedrooms	$1,240
3 Bedrooms	$1,610
4 Bedrooms	$2,070
5 Bedrooms	$2,401
6 Bedrooms	$2,689
7 Bedrooms	$2,904
8 Bedrooms	$3,049

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,816

Median Household Income

$69,811

Housing Units

883

Renter Percentage

30.1%

Occupancy Rate

84.4%

Renter Occupied

224

The median income in ZIP code 58270 stands at $69,811, which places significant constraints on the financial capacity of households to afford rental housing. At the current market rate of $833 per month (as reported by the Census ACS), renting becomes a manageable expense for many families. However, when compared to the Fair Market Rent (FMR) standard of $1,180 for metro areas in fiscal year 2026, the disparity highlights a substantial affordability gap.

This gap means that landlords operating in ZIP 58270 must be strategic in their pricing and tenant selection. Given that 30.1% of the 1,816 residents are renters, competition for tenants who can afford market-rate rents is intense. Landlords should consider the following:

Affordability: The median income suggests that many households might struggle to meet the FMR standard, indicating a preference for lower market rates.
Tenant Pool: With a total population of 1,816 and nearly 550 being renters, the pool of potential tenants is limited. This makes it essential for landlords to understand the financial realities of their prospective tenants.
Voucher Acceptance: Accepting vouchers that pay up to $1,180 can open up opportunities to attract tenants who otherwise could not afford the local market rates.

The takeaway for landlords is clear: accepting Section 8 vouchers can be a competitive advantage in attracting and retaining tenants. While the market rate of $833 is within reach for many households, the higher FMR payment through vouchers allows landlords to offer more affordable options, potentially reducing vacancy rates and stabilizing cash flow. For those considering cash-pay strategies, they must ensure their rents align closely with the median income levels to remain attractive to the local tenant base.

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.