Location: Towner County, ND | Metro: Benson County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 58325 operate under specific guidelines that directly impact landlords and small-portfolio investors. For a two-bedroom apartment, the SAFMR (Small Area Fair Market Rent) is set at $920 per month for the fiscal year 2026. This figure is crucial because it represents the maximum amount that the housing authority will pay towards the rent subsidy for eligible tenants in this specific ZIP code.
To understand what a voucher actually pays, you must factor in the tenant's portion of the rent and any utility allowances. Typically, tenants contribute 30% of their adjusted income towards rent. If we assume an average adjusted income of $1,500 per month for a tenant in this area, the tenant would contribute approximately $450 towards the rent. Therefore, the total reimbursement from the housing authority would be $920, which covers the remaining rent after the tenant's contribution.
The SAFMR applies specifically to this ZIP code, meaning that the reimbursement rates are tailored to reflect the local rental market conditions. However, the local market rent is currently unavailable, making it difficult to compare the SAFMR with the actual rents charged in the area. Despite this, the $920 SAFMR provides a clear benchmark for landlords to set their rents.
In practice, landlords receive a reimbursement from the housing authority that covers the difference between the tenant's contribution and the SAFMR. In our example, if the tenant contributes $450, the housing authority would cover the remaining $470 to reach the $920 SAFMR. This calculation assumes that the rent is set at the SAFMR level. If the rent is higher, the housing authority will still only pay up to $920, leaving the landlord to absorb the difference.
The typical reimbursement gap or surplus for a two-bedroom voucher in ZIP 58325 can vary based on the actual rent charged by the landlord. If the market rent is higher than $920, landlords might face a shortfall unless they can find tenants willing to pay more out-of-pocket. Conversely, if the market rent is lower, landlords could see a surplus when factoring in the utility allowances and the fixed SAFMR.
To summarize, landlords in ZIP 58325 should expect a Section 8 voucher to cover up to $920 of the monthly rent for a two-bedroom unit, with the tenant contributing around 30% of their income. The exact reimbursement gap or surplus depends on the actual rent charged compared to the local market conditions.
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.