Location: Benson County, ND | Metro: Benson County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
ZIP code 58351, located within the Benson County, ND metro area, presents a unique profile compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. However, ZIP 58351 reports a market rent of only $590, indicating that it is significantly below the metro average. This discrepancy suggests that 58351 could be considered a value pocket within the metro, offering lower rental rates while still benefiting from the broader economic conditions of the Benson County, ND area.
The renter share in ZIP 58351 is notably high at 25.1%, which is above the average for many rural areas. This higher proportion of renters can be indicative of a strong demand for affordable housing options, potentially making it an attractive location for landlords participating in the Section 8 program. The lack of available home value data for this ZIP code might suggest that the majority of properties here are rentals rather than owner-occupied homes, further supporting its potential as a Section 8 sweet spot.
To summarize, ZIP 58351 stands out as a value pocket within the Benson County, ND metro due to its lower market rent compared to the FMR. Its high renter share, coupled with the absence of significant home value data, points towards a strong rental market, particularly suitable for Section 8 investments. Landlords and small-portfolio investors should consider the potential for steady occupancy and government-backed rental income in this area.
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.