Location: Rolette County, ND | Metro: Pierce County, ND
| 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 ZIP code 58385 stands out due to its unique demographic characteristics and housing dynamics. With only 180 residents, it has one of the smallest populations among the ZIP codes analyzed. Despite its small size, 8.2% of the residents rent their homes, indicating a modest but present rental market. The median income for the area is $87,250, which suggests that the majority of residents have a relatively high standard of living. However, the absence of data regarding the median home value indicates that homeownership might be less prevalent or that the data is insufficient to draw conclusions about property values.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area covering ZIP 58385 for fiscal year 2026 is set at $870. This figure represents the maximum amount that landlords can receive through the voucher program for renting units in this ZIP code. Given the lack of available market rent data, it's challenging to compare the FMR against actual market rates. However, the FMR serves as a benchmark for affordable housing standards and can influence the rental decisions of low-income families who rely on vouchers.
In conclusion, the data signature for ZIP 58385 reads as stable. The small population and limited rental market suggest a niche environment where the demand for rental properties might be lower compared to larger ZIP codes. The high median income relative to the FMR indicates that even without extensive rental activity, the economic foundation of the ZIP code remains strong. Landlords and small-portfolio investors should consider the niche nature of this ZIP code when evaluating potential investments, focusing on the steady income from Section 8 vouchers rather than high volume or rapid turnover in tenants.
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.