Location: Towner 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 Fair Market Rent (FMR) for ZIP code 58323 is set at $870 for metro fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program, not the amount tenants will pay directly. Instead, it's the maximum amount that the government will reimburse a landlord for renting a unit to a Section 8 tenant.
In ZIP 58323, there is currently a 0.0% share of renters who receive Section 8 vouchers. This indicates low demand for Section 8 housing in the area, which could mean fewer applicants for your property. However, it also suggests that there might be less competition among landlords for these tenants, potentially leading to a higher chance of securing a voucher holder for your rental unit.
The local median rent price is listed as N/A, making it difficult to compare the FMR to typical market rates. Similarly, the acquisition cost for properties in this area is also listed as N/A. These missing figures highlight the importance of conducting thorough research on local real estate trends and costs before investing in a Section 8 rental property in ZIP 58323.
To proceed confidently, you should verify the actual median rent prices and property acquisition costs in ZIP 58323. This will help you understand whether the reimbursement rate of $870 aligns with the market value of your potential rental property, ensuring profitability and sustainability of your investment.
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.