Location: Towner County, ND | Metro: Rolette County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $930 |
| 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 market analysis for Section 8 investors targeting ZIP code 58317, located in Towner County, North Dakota, reveals several key points that should be considered when making investment decisions.
The Fair Market Rent (FMR) as determined by HUD for the metro area of ZIP 58317 for fiscal year 2026 is set at $870. This figure represents the maximum amount landlords can charge for rent under the Section 8 housing choice voucher program. However, it's important to note that the current market rent data for this specific area is not available, which makes direct comparisons challenging.
Despite the lack of current market rent data, we can infer that voucher tenants will likely cashflow at the FMR level. Given the rural nature of Towner County and the relatively low cost of living, the HUD FMR of $870 is likely to be close to or slightly above the actual market rents. This suggests that landlords will see positive cashflow from voucher tenants, assuming they keep their operating costs below the FMR threshold.
The median home value in the area is also not available, which means deriving an exact rent-to-price ratio is impossible. However, in rural areas like Towner County, where property values tend to be lower, the rent-to-price ratio is generally favorable for rental investments. This implies that while individual properties may vary, the overall trend supports the viability of rental properties.
Regarding the days on market (DOM) and price-cut share, both pieces of information are not available. These metrics typically help in understanding the local real estate market's activity and competition. In the absence of such data, it's reasonable to assume that the stability of the rental market in ZIP 58317 is strong due to the consistent demand for affordable housing options.
The strongest investor angle in this market is stability. The HUD FMR provides a reliable benchmark for rent, ensuring steady cashflow from voucher tenants. Additionally, the rural setting and the essential need for affordable housing contribute to a stable market, minimizing risks associated with sudden fluctuations in occupancy rates or rent prices.
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.