Location: Stutsman County, ND | Metro: Stutsman 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 58405, located within the Stutsman County, ND metro area, has a Family Monthly Rent (FMR) of $870 for fiscal year 2026. This figure is crucial for understanding the rental dynamics in this area compared to other ZIP codes in the same county.
A notable feature of ZIP 58405 is its 100.0% renter share, indicating that every household in this area rents their residence. This is an exceptionally high percentage and suggests that owning property in this ZIP code is not common, which can be significant for investors considering rental properties.
However, the lack of specific market rent and home value data makes it challenging to definitively classify 58405 as a value pocket, a mid-tier neighborhood, or a premium sub-market within the Stutsman County, ND metro area. The FMR of $870 can be seen as a baseline for affordability, but without comparative figures from other ZIP codes in the county, we cannot conclusively determine its position relative to others.
Despite the missing data points, the high renter share is a strong indicator of potential interest for Section 8 housing programs. High renter shares often correlate with a higher demand for affordable rental units, which aligns well with the objectives of Section 8. In such scenarios, ZIP 58405 could be considered a sweet spot for landlords and small-portfolio investors looking to participate in the Section 8 program due to the guaranteed tenant base and the likelihood of the FMR being a key factor in rental pricing.
To make a more informed decision on the investment potential of ZIP 58405, it would be beneficial to gather additional data on market rents and home values from surrounding ZIP codes in Stutsman County, ND. This would allow for a direct comparison and a clearer understanding of how 58405 fits into the broader rental landscape of the 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.