Location: Pembina County, ND | Metro: Pembina County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $910 |
| 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 in ZIP code 58271, located in Pembina County, North Dakota, presents a unique opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $870 per month for the fiscal year 2026. In comparison, the market rent based on Census ACS data is significantly lower at $718 per month. This means that voucher tenants will generally cashflow positively at the HUD FMR rate, providing a solid financial cushion for property owners.
The median home value in ZIP 58271 is listed as N/A, which makes deriving an exact rent-to-price ratio challenging. However, given the disparity between the HUD FMR and the actual market rent, it's reasonable to infer that the rental market is currently undervalued relative to potential home values, should they be established. This could indicate strong potential for rental income to outpace the cost of ownership, especially for those who can secure properties under the HUD FMR.
The days on market (DOM) and price cut percentage are also noted as N/A, suggesting that there isn't sufficient data to provide insights into how quickly homes sell or how often sellers need to reduce their asking price. Despite this lack of detail, the strong positive cashflow potential from voucher tenants is a compelling reason to consider investing in this area. The stability offered by government-backed vouchers ensures consistent and reliable income, making it the strongest investor angle in ZIP 58271.
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.