Location: Stutsman County, ND | Metro: Logan County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
The classification of ZIP code 58442 hinges on its financial metrics and rental market characteristics. With a Fair Market Rent (FMR) of $990 for the fiscal year 2026, this figure represents the rental yield potential in the broader metropolitan area. However, the local market's FMR is $519, indicating that landlords should expect lower yields compared to the metro average. The absence of data regarding home values suggests that this area may be predominantly rental-focused.
On the stability axis, the data points towards a moderately stable rental market. There is a 15.4% share of renters, which is relatively low and could imply a higher risk of tenant turnover. The lack of data on days on market (DOM) indicates uncertainty about how quickly vacancies can be filled. Income levels in the area stand at $56,920, providing some insight into the economic health and ability of residents to pay rent.
Given these specifics, ZIP 58442 leans towards being a steady-cashflow zone. While it does not offer high yields due to the lower market FMR, the presence of a moderate income level suggests that tenants are likely able to maintain consistent rental payments. The low percentage of renters might indicate a less speculative environment, reducing the appeal for quick-flip investors looking for high returns but also posing challenges for rapid market entry.
To summarize, the key figures driving this assessment are the lower-than-metro FMR of $519, the 15.4% renter population, and the median income of $56,920. These suggest a market where long-term investments and steady cash flow are more likely outcomes than high-yield, short-term gains.
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.