Location: Pierce County, ND | Metro: Benson County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The ZIP code 58332 stands out due to its small resident population of only 182 individuals, with a significant portion of 41.9% renting their homes. Despite the lack of data on the median home value, the median income in this area is recorded at $53,750, providing a foundational understanding of the economic landscape.
In terms of voucher economics, the Federal Market Rent (FMR) for ZIP 58332 is set at $870 for fiscal year 2026, which is notably higher than the current market rent of $696 as per the Census American Community Survey. This discrepancy suggests that landlords participating in the Section 8 program could see a slight increase in rental income compared to the local market rates. However, the low population density and high percentage of renters indicate a potentially competitive market for available housing units.
The data signature for ZIP 58332 reads as "stable." The consistent median income figure and the established percentage of renters suggest a community where housing needs are met but with limited options for homeownership. Landlords and small-portfolio investors should be aware of the potential for fluctuation in demand and supply dynamics, especially given the small size of the population. Nonetheless, the steady state of the current data points towards a reliable environment for investment, particularly in rental properties.
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.