Location: Stutsman County, ND | Metro: Barnes County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 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)
The market analysis for Section 8 investors in ZIP code 58466, located in Stutsman County, North Dakota, reveals a favorable environment for cash flow generation. The HUD Fair Market Rent (FMR) for the metro area is set at $870 for fiscal year 2026, while the Census ACS reports a market rent of $669. This indicates that voucher tenants will cashflow at FMR, providing a substantial buffer of approximately $201 per unit above the local average.
The median home value in ZIP 58466 is not available, which complicates deriving a precise rent-to-price ratio. However, given the relatively low market rents compared to the HUD FMR, it suggests that rental properties are likely to be more attractive than homeownership options in this area, especially considering the absence of specific data on days on market (DOM) and the percentage of homes that have been discounted.
Investors should focus on the strong cash flow potential, as the difference between the HUD FMR and the actual market rent offers a significant financial advantage. While appreciation and stability are also positive aspects of this market, the primary appeal for Section 8 investors lies in the robust cash flow opportunities.
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.