Location: Griggs County, ND | Metro: Griggs County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 58448 reveals a market that is neither purely high-yield nor low-stability, but rather a blend of both characteristics, leaning towards a steady-cashflow zone.
Yield: The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,170. This figure is significantly higher than the market rent of $469, indicating a potential for higher rental yields. However, the absence of home value data suggests limited opportunities for flipping properties in this area. Landlords should focus on long-term rental investments rather than quick flips to capitalize on the yield advantage.
Stability: With 26.8% of residents being renters, there is a moderate level of demand for rental properties. The lack of data on days on market (DOM) makes it difficult to assess how quickly properties can be leased. Additionally, the median household income of $60,714 provides a reasonable level of financial stability among tenants, supporting the likelihood of consistent rental payments.
Based on these figures, ZIP 58448 is best classified as a steady-cashflow zone. The significant gap between FMR and market rent suggests that there is room for landlords to charge closer to the FMR without pricing themselves out of the market, thus ensuring a reliable income stream. The moderate percentage of renters indicates a stable tenant pool, and the income level supports the ability of residents to meet their monthly obligations. While the yield is attractive, the unknowns regarding DOM and the absence of home value data limit the appeal for short-term property flippers.
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.