Location: Rolette County, ND | Metro: Rolette County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
ZIP code 58353, located within the Rolette County, ND metro area, presents a unique profile when compared against typical ZIP codes in the county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $950. However, ZIP 58353 has a market rent figure of only $606, indicating that it is significantly below the metro average.
The renter share in ZIP 58353 stands at 40.0%, which is notably higher than the average for many rural areas, suggesting a robust demand for rental properties. Despite this high renter share, the absence of a home value figure implies that there might be limited data on single-family homes or that the housing stock is primarily composed of rental units. This combination of factors—below-metro rent levels and a substantial renter share—suggests that ZIP 58353 could be an attractive value pocket for landlords and small-portfolio investors looking to capitalize on affordable rental rates while serving a sizeable tenant base.
To further contextualize, let's examine how these figures stack up against other ZIP codes in Rolette County. Typically, ZIP codes with lower market rents and higher renter shares can indicate areas where tenants rely heavily on subsidies such as Section 8 vouchers. The gap between the metro FMR of $950 and the local market rent of $606 suggests that properties in ZIP 58353 are well-positioned to attract tenants who benefit from federal assistance programs, as the rents are considerably more affordable relative to the FMR. This makes ZIP 58353 a potential sweet spot for Section 8 participation, offering landlords a stable source of income without the need for properties to be appraised at the higher metro FMR levels.
In summary, ZIP 58353 stands out as a value pocket within the Rolette County, ND metro area, characterized by its below-average market rents and above-average renter share. These conditions create an environment favorable for landlords and small-portfolio investors seeking to operate in a stable, subsidized rental 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.