Location: Towner County, ND | Metro: Rolette County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,460 |
| 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 market analysis for Section 8 investors in ZIP code 58363, located in Towner County, North Dakota, reveals a unique set of conditions that impact rental investments. The HUD Fair Market Rent (FMR) for the area, which includes the broader metro scope, is set at $890 for fiscal year 2026. However, the market rent data is currently unavailable, which makes it challenging to directly compare the HUD FMR to local market rates.
Based on the HUD FMR of $890, voucher tenants in this region would generally cashflow at this rate, assuming the lack of market rent data does not indicate significantly higher local rents. Cashflow is a key metric for investors, as it ensures that the income from the property covers all expenses including mortgage payments, maintenance, and other operational costs. In the absence of market rent data, the assumption is that voucher tenants will provide positive cashflow, making this an attractive option for those seeking steady returns.
The median home value data is also not available, which means deriving a precise rent-to-price ratio is not possible. This ratio is important for understanding the relative value of renting versus buying in a given area. Without this data, it's difficult to make a direct comparison, but the general trend in rural areas like Towner County suggests that rental properties can be more financially viable than owning due to lower population density and fewer job opportunities.
The days on market (DOM) and the percentage of price cuts are not provided, which typically would help in understanding the dynamics between the rental and purchase markets. However, the absence of these figures does not detract from the fact that the primary focus for Section 8 investors should be on cashflow, given the available HUD FMR data.
The strongest investor angle in ZIP 58363 is likely to be cashflow. Given the established HUD FMR and the typical characteristics of rural markets, properties that align with these voucher amounts can generate consistent and reliable cashflow, which is particularly beneficial for landlords and small-portfolio investors looking for stable, long-term returns.
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.