Location: Stutsman County, ND | Metro: Kidder County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 58467 in Stutsman County, North Dakota reveals a favorable rental environment for investors. The HUD Fair Market Rent (FMR) for the area is set at $870 per month for the fiscal year 2026. In contrast, the market rent as reported by the Census Bureau's American Community Survey (ACS) stands at $656 per month. This means that voucher tenants will cashflow positively at the HUD FMR, providing a margin of $214 per unit each month. Landlords and small-portfolio investors can expect a strong positive cashflow position when renting to voucher holders in this ZIP code.
The median home value in ZIP 58467 is currently not available, which makes it challenging to derive an exact rent-to-price ratio. However, the significant gap between the HUD FMR and the actual market rent suggests that rental properties are undervalued relative to the government's subsidy levels. This dynamic is beneficial for investors who focus on rental income rather than property appreciation.
Additionally, the median Days on Market (DOM) and the percentage of homes that have been discounted are also not available. These metrics would typically provide insights into the rent-versus-buy dynamics of the area, but their absence does not detract from the overall positive outlook for rental investments. Given the favorable cashflow situation due to the discrepancy between HUD FMR and market rent, investors should prioritize the stability and predictability of rental income over speculative appreciation in this market.
The strongest angle for investors in ZIP 58467 is the guaranteed cashflow from voucher tenants, making it an attractive opportunity for those seeking stable and reliable returns.
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.