Section 8 Fair Market Rent (FMR) for ZIP 58327 - 2027

Location: Ramsey County, ND | Metro: Nelson County, ND

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$850
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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

414

Median Household Income

$96,157

Housing Units

146

Renter Percentage

2.8%

Occupancy Rate

96.6%

Renter Occupied

The ZIP code 58327, located in North Dakota, represents a rural area with limited housing options and a unique rental market. The Federal Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $870 per month, which provides a benchmark for affordable housing standards.

Federal Market Rent (FMR): The FMR for ZIP 58327 stands at $870 per month, indicating the maximum rent that can be charged for Section 8 housing in the region.
Rental Market Data: Specific market rent data is currently unavailable for ZIP 58327, suggesting a limited supply of rental properties.
Housing Stock Overview: Median home values are not available, reflecting the sparse residential property market in this rural ZIP code.
Renter Share: Only 2.8% of the population are renters, showing a strong preference for homeownership over renting.
Average Days on Market (DOM): Information regarding the average days on market for rental properties is not available, implying that rentals might not be the primary focus of the local real estate market.
Median Income: The median income in ZIP 58327 is $96,157, which is significantly higher than the national average, indicating a relatively affluent community.

The data points highlight a challenging environment for rental investors in ZIP 58327. With a low percentage of renters and a lack of specific market rent data, it's evident that the demand for rental properties is limited. However, the high median income suggests that residents have the financial capacity to afford higher rents if they were to choose renting over buying. Investors should focus on understanding the local dynamics and consider the potential for niche markets, such as seasonal rentals or short-term stays, given the scarcity of rental units. Overall, the area presents opportunities but requires careful consideration of the local market conditions before making investment decisions.

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.