Location: Wells County, ND | Metro: Wells County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The ZIP code 58422 presents a unique real estate landscape that landlords and small-portfolio investors should consider carefully. Based on the Federal Market Rent (FMR) of $910 for the fiscal year 2026, this area leans towards a high-yield market. However, the lack of specific market rent and home value data introduces an element of uncertainty.
The stability of the market in ZIP 58422 is moderate, with only 10.9% of the population being renters. This low percentage suggests a less stable rental environment compared to areas with higher percentages of renters. Additionally, the absence of data on days-on-market (DOM) indicates a lack of recent transactional activity, which could affect the predictability of rental yields. The median household income of $131,477 provides a strong economic foundation, potentially supporting higher rents and reducing the risk of tenant default.
To classify ZIP 58422, it is best described as a medium-stability, high-yield market. The FMR of $910 is notably higher than typical market rents in many regions, making it attractive for investors seeking high returns. However, the low percentage of renters (10.9%) and the limited market data suggest that while yields can be high, the stability of these returns is questionable. The robust median income supports the potential for high rents but does not guarantee a stable rental market.
Investors should proceed with caution, focusing on properties that offer long-term rental potential rather than short-term flips. The high FMR indicates a favorable environment for generating cash flow, but the low renter percentage means that the market may not sustain a large number of rental units. Therefore, a balanced approach that leverages the high yield while mitigating risks associated with lower stability is recommended.
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.