Location: Stutsman County, ND | Metro: LaMoure County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
The ZIP code 58454 has a population of 414 individuals, with 11.9% being renters. The median household income stands at $61,875. This indicates that it is not a renter-heavy ZIP code; rather, it is an area dominated by homeowners. The scarcity of renters means that the demand for housing vouchers under Section 8 might be relatively low.
In terms of affordability, the typical market rent of $631 represents approximately 10.2% of the local median income. This suggests that rent is generally affordable for most residents, even without subsidies. However, when compared to the Fair Market Rent (FMR) of $900 for the fiscal year 2026 in the metropolitan area, it becomes evident that there is a gap between what is considered fair market value and the actual rental rates in ZIP 58454.
A landlord in this area can expect tenants who are likely to be financially stable, given the relatively low percentage of their income required to cover rent. Tenants are expected to have a steady income source and may not heavily rely on housing vouchers. Despite the low percentage of renters, those who do seek housing are likely to find the current market rents reasonable relative to their income levels.
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.