Location: Pierce County, ND | Metro: Benson County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,020 |
| 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)
ZIP code 58386 in Pierce County, ND, has a Fair Market Rent (FMR) of $870 for fiscal year 2026. This figure serves as a benchmark for comparing rental prices across different ZIP codes within the same county. The lack of specific market rent and home value data for ZIP 58386 means we must rely on the FMR and renter share percentages to make informed inferences about its position within the Pierce County, ND, metro.
A 14.7% renter share indicates that nearly one out of every seven residents in ZIP 58386 rents their home. This percentage is crucial when considering the potential demand for rental properties, especially those eligible for Section 8 subsidies. In comparison to typical ZIP codes within Pierce County, an average renter share might be lower, suggesting that ZIP 58386 could attract a higher proportion of renters, including those who benefit from housing assistance programs.
The absence of specific market rent and home value data complicates a direct comparison with other ZIP codes. However, given the FMR of $870, it's reasonable to infer that ZIP 58386 is likely positioned as a value pocket within its metro area. Value pockets are characterized by relatively lower property values and rental rates compared to the broader market, making them attractive for both tenants seeking affordable housing and landlords looking to maximize their returns through Section 8 participation.
Without specific market rent and home value data for ZIP 58386, we cannot definitively state whether it is above or below the average for the metro area. However, the high renter share combined with the available FMR suggests that this ZIP code could be particularly appealing for landlords interested in Section 8 tenancy. It stands out as potentially offering better-than-average occupancy rates due to the higher demand for rental units.
To conclusively determine if ZIP 58386 is a value pocket, a mid-tier neighborhood, or a premium sub-market, additional data points such as median home values and average market rents would be necessary. These metrics would provide a clearer picture of how 58386 compares to other ZIP codes within the Pierce County, ND, metro 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.