Location: Ramsey County, ND | Metro: Ramsey County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $850 |
| 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 ZIP code 58382 is situated in a rural area of North Dakota, specifically encompassing parts of the city of Dickinson and surrounding areas. With a population of 108, it's a small community where 45.5% of residents are renters. The median household income here is $70,536, indicating a modest economic base that supports local living standards.
Despite the limited population, the housing dynamics in ZIP 58382 offer insights into potential investment opportunities. The Federal Market Rent (FMR) for the metro area, as of fiscal year 2026, is set at $870. However, the specific market rent for ZIP 58382 is currently not available, which suggests a lack of comprehensive data on local rental pricing trends.
Given the characteristics of ZIP 58382, it leans towards being a suitable location for a hands-off Section 8 voucher operator. The established 45.5% rental rate indicates a stable demand for rental properties, and the FMR provides a reliable benchmark for setting rents that align with government assistance programs. For hands-on value-add buyers, the absence of detailed market rent data poses a challenge in accurately assessing the potential for increasing rental income beyond the FMR. Therefore, a hands-off approach seems more fitting for this ZIP code, focusing on maintaining quality units that meet the needs of Section 8 participants without the complexity of actively managing rental rates or property improvements.
To conclude, ZIP 58382 offers a straightforward opportunity for hands-off Section 8 investors looking for stable, low-risk investments in a modest-income rural setting. The clear rental demand and the availability of the FMR provide a solid foundation for such an investment strategy.
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.