Location: Griggs County, ND | Metro: Foster 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)
11.5% of residents in ZIP code 58443 are renters, indicating a modest demand for rental properties in the area. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $870, which represents the maximum allowable rent for a Section 8 voucher holder. This figure is crucial for landlords and small-portfolio investors looking to understand the rental landscape without relying on less reliable market rent data, which is currently unavailable. Given the median income of $73,500, it's evident that the local economy supports a variety of housing needs, though specific insights into days on market (DOM) and price-cut shares remain elusive due to lack of data. Investors should note that while the FMR provides a solid benchmark, the actual performance of rental properties can vary based on factors such as location within the ZIP code and property condition. The presence of Section 8 tenants can be a stable source of income, especially when the local rental market is unpredictable. However, it's important to ensure that the rental units meet HUD standards and that the landlord is prepared to manage the administrative requirements associated with the program. In conclusion, for ZIP code 58443, the Section 8 program offers a reliable pathway for maintaining occupancy rates at a fixed rent of $870, making it a viable option for investors.
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.