Section 8 Fair Market Rent (FMR) for ZIP 58344 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$820
1 Bedroom$830
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
1,115
Median Household Income
$66,957
Housing Units
548
Renter Percentage
26.2%
Occupancy Rate
80.7%
Renter Occupied
116

The market in ZIP code 58344 presents a dynamic environment characterized by significant differences between the Fair Market Rent (FMR) and the actual market rent. With an FMR set at $870 for the fiscal year 2026, it's clear that there is an expectation for rents to rise, reflecting a potential increase in demand or cost pressures. However, the current market rent stands at $603, according to the latest Census ACS data, indicating that rents are currently below the FMR benchmark.

The 26.2% renter share suggests that a considerable portion of the population in this area is already租房,这表明该地区长期存在住房压力。较高的租房比例可能意味着居民的收入不足以购买房产,或者他们更倾向于租赁而非拥有房产。

尽管没有具体的价格削减份额、上市天数或中位数房价数据,但从公平市场租金与当前市场租金之间的差距可以推断出,在短期内,供应可能超过需求。然而,随着预期的租金上涨,这种动态可能会发生变化,反映出未来需求的增长。

对于房东和小型投资组合投资者而言,了解这些市场动态至关重要。当前较低的市场租金为房东提供了增加收入的潜力,而接近公平市场租金的预期则预示着未来可能的增长机会。同时,较高的租房比例也提醒投资者,该地区的住房需求将持续存在,为长期投资提供了一个稳定的前景。

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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.