Location: Pembina County, ND | Metro: Cavalier County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 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)
A household in ZIP code 58282, with a median income of $52,083, faces significant challenges in affording the market rate rent of $634. This makes it difficult for many residents to secure housing without financial assistance.
The Federal Market Rent (FMR) standard for voucher payments in the metro area for fiscal year 2026 is set at $870. This amount is notably higher than the current market rate, suggesting that voucher holders could potentially afford better quality or larger units than those available at the market rate.
With 25.9% of the population renting and a total population of 1,321, the competition among landlords in this area is relatively low. However, the affordability gap means that many potential tenants may rely on rental assistance programs to cover their living expenses.
For landlords considering their strategy, the takeaway is clear: accepting vouchers can be a viable option to attract tenants who might otherwise struggle to find affordable housing. While the voucher payment of $870 exceeds the current market rate, it ensures a steady stream of income and reduces the risk of vacancies. Landlords should weigh the benefits of guaranteed rental assistance against the administrative requirements and potential delays in voucher processing.
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.