Location: Dickey County, ND | Metro: Dickey County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The ZIP code 58441 presents a unique investment scenario when analyzed through the lens of yield and stability for Section 8 real estate investments.
On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010. This figure is critical because it represents the upper limit that landlords can charge for Section 8 rental units. However, the absence of market rent and home value data for ZIP 58441 means we must rely heavily on the FMR to gauge potential returns. In areas where the FMR significantly exceeds typical market rents, higher yields can be achieved. Conversely, if market rents approach or surpass the FMR, the yield advantage diminishes.
Moving to the stability axis, we observe a few key indicators. The percentage of renters is relatively low at 1.6%, which could suggest a smaller pool of potential tenants. However, this statistic alone does not provide enough context to assess stability fully. Additionally, the median household income in the area is $88,125, which is notably higher than the average income in many Section 8 markets. This elevated income level can contribute positively to stability, as it indicates a potentially stronger local economy and better financial health among residents.
The lack of data on days on market (DOM) for vacant properties is a significant gap. Days on market is an important metric that reflects how quickly properties can be rented out, which directly impacts cash flow stability. Without this information, it's challenging to make a definitive assessment on the stability of the market.
Given the available data, ZIP 58441 appears to offer a moderate yield opportunity due to the defined FMR but lacks sufficient market rent comparison points. Its stability is somewhat assured by the higher median income, though the low percentage of renters and missing DOM data introduce uncertainty. Therefore, this ZIP code does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it falls into a category of a moderate-yield, partially stable market.
To make a more informed decision, additional research should be conducted to fill in the gaps regarding market rents and days on market. These factors will help determine whether the potential yield justifies any risks associated with lower-than-average rental activity.
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.