Location: Towner County, ND | Metro: Cavalier County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 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)
The classification of ZIP code 58352 hinges significantly on the available data points, particularly the Federal Market Rent (FMR) and the percentage of renters. With an FMR of $870 for the fiscal year 2026 and a renter population comprising 10.3% of the area, this ZIP code presents a unique scenario.
Yield: The FMR of $870 indicates that Section 8 housing assistance can cover a significant portion of rental costs. However, the lack of specific market rental rates and median home values means we cannot directly compare the FMR against local market conditions. This absence of comparative data suggests a less competitive market, which could imply higher yields relative to other areas where market rents exceed FMRs.
Stability: Stability is assessed through the percentage of renters, days on market (DOM), and average household income. With 10.3% of residents being renters, the demand for rental properties is relatively low, which might suggest less stability due to fewer potential tenants. Additionally, the average household income of $94,000 provides some assurance that those who do rent can afford to pay consistently, contributing to stability. The missing DOM figure prevents a complete assessment of listing duration, but given the income levels, it's reasonable to infer that the market has some inherent stability despite the low renter percentage.
Based on these figures, ZIP 58352 leans towards a steady-cashflow zone. The key driver is the income level, which supports consistent payments. Although the percentage of renters is low, indicating limited demand, the higher income levels mitigate some risk associated with tenant turnover and defaults. The absence of market rental rates and median home values makes it challenging to definitively classify the ZIP code as high-yield, but the existing data points toward a stable investment with predictable cash flows rather than a volatile, high-risk, high-reward market.
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.