Location: Wells County, ND | Metro: Benson County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 58374, located in Wells County, ND, presents a unique opportunity for real-estate investors. The HUD Fair Market Rent (FMR) for the area, scoped to the metro level, is set at $870 for fiscal year 2026. In contrast, the market rent, as reported by the Census American Community Survey (ACS), stands at $441. This significant gap between the HUD FMR and the actual market rent indicates that voucher tenants will cashflow comfortably at the FMR rate.
To further analyze the investment potential, we must consider the rent-to-price ratio. However, the median home value in ZIP 58374 is not available, which means we cannot accurately calculate this ratio. Despite this limitation, it's clear that the disparity between the HUD FMR and the market rent makes voucher tenants highly desirable for landlords and small-portfolio investors.
The days on market (DOM) and the percentage of homes that required a price cut are also not available for this area. These metrics typically help investors understand the balance between rental and buying markets, but their absence does not detract from the strong cashflow potential offered by the current HUD FMR rates.
The strongest investor angle in ZIP 58374 is undoubtedly cashflow. With voucher tenants paying significantly above the local market rate, landlords can expect stable and reliable income streams without the need for premium units. This makes the area an attractive destination for those looking to secure consistent returns on 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.