Location: Rolette County, ND | Metro: Bottineau County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,210 |
| 5 Bedrooms | $2,564 |
| 6 Bedrooms | $2,872 |
| 7 Bedrooms | $3,102 |
| 8 Bedrooms | $3,257 |
U.S. Census Bureau data (2024)
The ZIP code 58329 presents an interesting balance between yield potential and market stability, making it neither a purely high-yield/low-stability flip-style market nor a straightforward steady-cashflow zone.
To assess yield, we compare the Federal Market Rent (FMR) at $1,000 for the fiscal year 2026 with the current market rent of $409. This suggests that properties in this area have significant potential for appreciation in rental income, indicating a relatively high-yield environment. However, the absence of home values data implies limited insight into the property purchase price, which could affect overall profitability.
In terms of stability, the ZIP code shows a moderate level of tenant commitment with 41.8% of the population being renters. The lack of data on days on market (DOM) means we cannot quantify how quickly properties are rented out. Additionally, the median household income of $51,065 provides a stable economic foundation for tenants to afford rent payments.
Given these factors, ZIP 58329 leans towards a market offering steady cash flow with above-average growth potential. The disparity between the FMR and the current market rent points towards opportunities for increased returns, while the presence of a decent percentage of renters and a reasonable median income supports the likelihood of consistent occupancy and timely rent payments.
To make a more precise determination, landlords and small-portfolio investors should consider additional metrics such as vacancy rates and property management costs, which would provide a clearer picture of the overall investment landscape in this ZIP code.
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.