Location: Nelson County, ND | Metro: Nelson County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
U.S. Census Bureau data (2024)
ZIP code 58272, located within the Nelson County, ND metro area, has a Fair Market Rent (FMR) of $1,220 for fiscal year 2026. This figure is indicative of the rental market's baseline valuation for the area. However, specific market rent and home value data for ZIP 58272 are currently unavailable.
The renter share for ZIP 58272 stands at 2.8%. While this percentage is low compared to many urban areas, it may still represent a significant portion of the housing market within Nelson County, given the county's rural characteristics. In comparison to typical ZIP codes within Nelson County, where data suggests similar metrics might be hard to come by, the presence of a defined FMR and the relatively low renter share can offer insights into the local real estate dynamics.
Given the lack of market rent and home value specifics for ZIP 58272, it is challenging to definitively classify it as a value pocket, a mid-tier neighborhood, or a premium sub-market within the Nelson County, ND metro. However, the defined FMR of $1,220 suggests that the area meets federal standards for affordable housing, which could make it attractive to landlords participating in the Section 8 program.
The divergence between having a set FMR and an unknown market rent/home value presents an interesting scenario. Typically, a higher renter share combined with lower-than-metro home values can signal a sweet spot for Section 8 participation. While the renter share is low, the potential for below-average home values in a rural setting could still indicate a value pocket for investors focused on the Section 8 program. Landlords should consider the broader economic context and tenant demand when evaluating ZIP 58272.
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.