Location: Pierce County, ND | Metro: McHenry County, ND HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 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 Fair Market Rent (FMR) for ZIP code 58368 in the metro area for fiscal year 2026 is set at $870. This figure represents the payment standard for Section 8 rentals, which is the amount that the Housing Choice Voucher program will pay toward your tenant's rent. It does not represent the total rent you can charge, but rather the maximum amount the government will contribute.
In comparison, the average rent in ZIP 58368, according to the latest Census American Community Survey (ACS), is $849. This suggests that the FMR is slightly above the local average, making it a reasonable target for landlords who wish to participate in the Section 8 program.
The 20.5% renter share in this ZIP code indicates a moderate level of demand for rental properties. While not overwhelmingly high, there is a consistent group of renters who might be interested in Section 8 housing. The median household income in ZIP 58368 is $199,742, which is significantly higher than the typical income of those eligible for Section 8 assistance. This income disparity highlights the potential market for affordable housing in the area, as many local residents could benefit from lower-cost rental options.
Before committing to a Section 8 rental property in ZIP 58368, verify that the property meets all the necessary requirements for the Housing Choice Voucher program. This includes ensuring that the property is up to code and passes inspections for health and safety standards. Once these conditions are satisfied, participating in the program can provide a steady source of income and a reliable tenant pool, given the established demand for rental units in the 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.