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 58424, located in a county with limited data available, stands out due to its unique characteristics that differ significantly from typical urban areas. With only 453 residents, this area has a notably low population density. Only 9.5% of these residents are renters, indicating a predominantly owner-occupied housing market. The median household income here is $81,563, which suggests a relatively affluent community despite the lack of data on median home values.
Moving to the specifics of Section 8 housing, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $870. This figure represents the maximum amount that a landlord can receive from the federal government for a rental unit under the Section 8 program. However, the absence of market rent data for ZIP 58424 makes it challenging to compare the FMR against local market conditions. Landlords should be cautious when assessing the viability of participating in the Section 8 program without knowing how the FMR compares to actual market rents.
Given the sparse data points and the limited number of renters, the ZIP code 58424 appears to be stable rather than transitional. The high median income implies a strong economic foundation, but the low percentage of renters and the lack of detailed housing market data suggest that this area may not be an ideal location for Section 8 vouchers. Landlords and small-portfolio investors must weigh the potential benefits of receiving Section 8 payments against the risk of limited demand for subsidized housing in such a setting.
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.