Location: Cavalier County, ND | Metro: Cavalier County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 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 ZIP code 58281 is not a renter-heavy area with deep voucher demand. With only 0.0% of the population renting, it is predominantly a homeowner-dominated area where vouchers are scarce. The median household income in this ZIP code is a robust $128,750, indicating a relatively affluent community.
Unfortunately, specific market rent figures for ZIP 58281 are not available. However, we can compare the median income to the Fair Market Rent (FMR) which stands at $870 for FY 2026 in the metropolitan area. Given the high median income, even if we assume that the market rent is close to the FMR, it would represent a very small percentage of the average household's income. This suggests that typical rents do not consume a significant portion of the local income, making housing generally affordable for residents.
The scarcity of renters and vouchers means that landlords in ZIP 58281 should not expect a large influx of Section 8 tenants. Instead, they should anticipate a tenant pool that is financially stable and capable of paying market rates without the need for rental assistance. Landlords in this area should focus on attracting tenants who value the amenities and lifestyle offered by the community and are willing to pay competitive rents based on the quality of the property and its location.
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.