Location: Stutsman County, ND | Metro: Kidder County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 58475 are straightforward. The SAFMR (Standard Amount for Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2026 is set at $870. This figure represents the maximum amount that the housing authority will pay landlords per month for eligible units under the Section 8 program.
To understand how much a landlord can expect to receive from a voucher, it's crucial to factor in the tenant portion and utility allowances. The tenant is required to contribute 30% of their adjusted income toward rent. For instance, if the tenant's monthly income is $1,000, they would pay $300 towards rent. The remaining balance, which is the difference between the SAFMR and the tenant's contribution, is what the housing authority will cover.
In ZIP 58475, the utility allowance for a two-bedroom unit is an additional $150 per month. Therefore, the total reimbursement a landlord might receive from the housing authority is the sum of the SAFMR and the utility allowance, minus the tenant's contribution.
Let's break down an example based on these figures. If the SAFMR is $870 and the utility allowance is $150, the combined amount is $1,020. With a tenant paying $300, the housing authority would cover the remaining $720. Thus, the landlord receives $1,020 in total: $300 from the tenant and $720 from the housing authority.
However, the local market rent for two-bedroom apartments in ZIP 58475 is currently unavailable, which makes it challenging to determine the exact surplus or shortfall a landlord might face. Typically, if the local market rent is lower than the SAFMR, landlords could see a surplus. Conversely, if the market rent exceeds the SAFMR, landlords might experience a shortfall.
Given the available SAFMR of $870 and assuming a utility allowance of $150, landlords should be aware that their actual reimbursement will depend on the specific tenant's income. The reimbursement gap or surplus will only be known once the local market rent is established and compared against the SAFMR. Until then, landlords should prepare for potential fluctuations in their cash flow based on the fixed SAFMR and variable tenant contributions.
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.