Location: McIntosh County, ND | Metro: Logan County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 58460 are straightforward. The SAFMR (Standard Amount for Moderate Rehabilitation) for a two-bedroom apartment is set at $900 for fiscal year 2026. This figure represents the maximum amount that the housing authority will pay towards a tenant's rent under the Section 8 program.
The SAFMR is calculated based on the actual rental market conditions in ZIP 58460. Since the local market rent data is currently unavailable, we must rely on the SAFMR as our benchmark for understanding the economic dynamics.
A landlord participating in the Section 8 program should understand that the total rent is split between the voucher holder and the government. Typically, the tenant is responsible for paying approximately 30% of their adjusted income towards rent, plus any applicable utility allowances. For instance, if a tenant has an adjusted monthly income of $2,000, they would contribute $600 towards the rent ($2,000 x 0.30).
This leaves the remaining amount to be covered by the Section 8 voucher. In the case of a two-bedroom apartment in ZIP 58460, the government would pay up to $900 minus the tenant's contribution. If the tenant contributes $600, then the voucher would cover the remaining $300, making the total rent collected $900.
Utility allowances can vary but are generally included in the voucher payment. These allowances help offset the costs of electricity, gas, water, and sewage. However, without specific data on utility allowances for ZIP 58460, it's important to note that these allowances do not typically exceed a few hundred dollars per month.
Given the SAFMR of $900 and assuming a tenant contribution of $600, the typical reimbursement gap or surplus for a two-bedroom apartment in ZIP 58460 would be zero if the rent is exactly $900. Landlords should ensure their rent does not exceed the SAFMR to avoid collecting less than expected. If the market rent were higher than $900, there would be a surplus that the tenant would need to cover out-of-pocket, which could impact their ability to afford the apartment.
To summarize, the SAFMR sets the ceiling for what the government will pay, and landlords must balance their rent pricing to align with both the SAFMR and the tenant's ability to pay their share. In ZIP 58460, with a SAFMR of $900 for a two-bedroom unit, landlords can expect to receive this amount when the tenant's contribution and utility allowances are considered.
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.