Location: Stutsman County, ND | Metro: Stutsman County, ND
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $237,010 | 0.59% | F |
| 4BR | $1,700 | $307,770 | 0.55% | F |
U.S. Census Bureau data (2024)
ZIP code 58401, located within Stutsman County, ND, presents a unique snapshot when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 58401 is set at $870 for fiscal year 2026, closely aligning with the market rent of $890. This indicates that the rental market in 58401 is reflective of the broader county's rental trends.
The median home value in ZIP 58401 is $230,261. This figure suggests that while it is not necessarily the lowest in the county, it is also not among the highest, positioning 58401 as a mid-tier neighborhood in terms of property values. A significant portion of residents in 58401 are renters, with the renter share standing at 41.5%. This is notably higher than many other ZIP codes in Stutsman County, where the average renter share is typically lower.
The combination of a slightly below-market home value and a high renter share makes ZIP 58401 an interesting area for landlords and small-portfolio investors. It suggests that there is a substantial demand for rental properties, which could be indicative of a potential sweet spot for Section 8 housing. However, the close alignment between the FMR and market rent implies that there is little room for significant price discrepancies, making it more of a mid-tier neighborhood rather than a premium sub-market or a value pocket.
To further clarify the position of ZIP 58401, consider the following:
In conclusion, ZIP 58401 stands out as a mid-tier neighborhood within Stutsman County, ND. Its characteristics make it a solid choice for those interested in the rental market, particularly with regard to Section 8 housing opportunities, but it lacks the distinctiveness of either a premium sub-market or a value pocket based on the provided figures.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.