Location: Rolette County, ND | Metro: Pierce County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $2,080 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
U.S. Census Bureau data (2024)
The classification of ZIP code 58366 hinges significantly on the available data points concerning yield and stability. On the yield axis, the Family Monthly Rent (FMR) set at $1,160 for the fiscal year 2026 indicates a potential rental income that aligns with the broader metropolitan average. However, the lack of specific market and home value data leaves part of the yield analysis incomplete.
Turning to stability, ZIP 58366 has a notable 21.4% of residents classified as renters. This percentage suggests a moderate reliance on rental properties within the area, which can be a positive indicator for steady cash flow. The median household income stands at $91,071, providing a strong financial foundation for tenants, thereby reducing the risk of default and enhancing overall stability.
The absence of data on days on market (DOM) makes it challenging to assess the speed at which rental properties can be filled. Typically, lower DOM values indicate higher demand and quicker turnover, contributing to both yield and stability. Without this figure, we cannot fully evaluate the market dynamics affecting property management efficiency.
Based on the provided data, ZIP 58366 does not fit neatly into a high-yield/low-stability flip-style market category. Instead, it appears to be more aligned with a steady-cashflow zone, given the reasonable FMR and robust median income levels. The presence of a moderate renter population further supports this classification, as it implies a consistent demand for rental housing without the volatility often associated with high-turnover markets.
To make a more precise assessment, additional data such as market rents, home values, and days on market would be necessary. These metrics would provide a clearer picture of the actual yield potential and the stability of the rental market in ZIP 58366, enabling landlords and small-portfolio investors to better strategize their investments.
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.