Location: Sheridan County, ND | Metro: Sheridan County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The ZIP code 58444 stands out due to its small population size of only 174 residents, which is significantly lower than most other ZIP codes. With 13.3% of the population renting, it's evident that homeownership is the dominant trend in this area. However, the lack of data on median home value presents a gap in understanding the local housing market dynamics fully.
The median income in ZIP 58444 is reported at $52,188, providing a baseline for the economic status of its residents. This figure is crucial when considering the viability of rental properties in the area. The Federal Market Rent (FMR) for the metro area for fiscal year 2026 is set at $920. In the absence of market rent data, this FMR serves as an important benchmark for Section 8 landlords and small-portfolio investors. It suggests that rental units priced around $920 could be competitive and attractive to potential tenants utilizing Section 8 vouchers.
The limited availability of market rent data makes it challenging to assess the exact financial landscape for rental properties. However, the FMR can guide landlords in setting reasonable rental prices that align with government assistance programs. Given the small number of renters and the overall economic profile of the area, the ZIP code 58444 appears to have a stable environment for Section 8 investments, assuming the rental units are priced appropriately and meet the necessary standards.
To summarize, while ZIP 58444 has a unique data signature marked by its small resident base and limited rental market, the median income and FMR provide key insights into the economic feasibility of Section 8 rentals. The data indicates a stable environment, but landlords should remain vigilant about the local rental market conditions and any changes in the federal guidelines that could affect their operations.
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.