Location: Towner County, ND | Metro: Towner 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)
ZIP code 58331, located within the Towner County, ND metro, stands out for several reasons when compared against typical ZIP codes in the area. The most notable figure is its Fair Market Rent (FMR) of $880 for fiscal year 2026. This indicates that the rental costs in 58331 are set at a level that reflects the county's overall economic conditions.
However, it's important to note that the market rent and home values for 58331 are currently unavailable. This lack of data could suggest a variety of scenarios, including a limited housing stock or a less active real estate market compared to other areas in Towner County. Additionally, the renter share for this ZIP code is listed as 0.0%, which means there are no reported renters in the area based on the available data.
To determine if ZIP 58331 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we must rely on the FMR data and the absence of other key metrics. Given the FMR of $880, it suggests that 58331 could be considered a value pocket relative to the broader Towner County metro, assuming that the FMR is lower than the average market rents in the area. However, without concrete market rent figures, this inference remains speculative.
The 0.0% renter share in 58331 diverges significantly from what would typically be expected in a rental market. This low figure might indicate that the area is predominantly owner-occupied, which is common in rural areas where home ownership is favored over renting. Alternatively, it could point towards a very small population or a specialized community where rental properties are scarce or non-existent.
In conclusion, while 58331 shows promise as a potentially affordable location within the Towner County, ND metro, characterized by its FMR of $880, the lack of market rent and home value data prevents a comprehensive analysis. The absence of reported renters also makes it difficult to identify it as a Section 8 sweet spot, as such areas usually have a higher renter share. Landlords and investors should consider these factors and conduct further research to understand the local real estate dynamics fully.
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.