Location: Barnes County, ND | Metro: Barnes County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
ZIP code 58479, located within Barnes County, ND, presents a unique profile when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 58479 is set at $950 for fiscal year 2026, which is a key figure used to determine eligibility for housing assistance programs such as Section 8. However, specific market rent and home value data are not available for this ZIP code.
The 7.8% renter share in ZIP 58479 suggests that a smaller proportion of residents are renters compared to the broader Barnes County average. This lower renter share might indicate a trend towards homeownership or a smaller rental market presence in the area. Despite the lack of direct comparison data for market rents and home values, the FMR of $950 can be used as a benchmark for assessing rental affordability within the context of federal housing assistance.
Given the absence of specific market rent and home value figures, it's challenging to definitively classify ZIP 58479 as a value pocket, a mid-tier neighborhood, or a premium sub-market. However, the combination of an FMR of $950 and a relatively low renter share could suggest that this area is less attractive to renters overall. Typically, ZIP codes with a higher renter share and lower home values relative to the metro area are considered sweet spots for Section 8 properties due to their alignment with the financial assistance levels provided to tenants.
In ZIP 58479, without concrete market rent or home value data, we cannot assert that it represents a value pocket or a premium sub-market. The low renter share coupled with an FMR of $950 implies that there may be limited demand for rental properties at this price point. Landlords and small-portfolio investors should consider these factors when evaluating the potential performance of rental properties in this ZIP code. They should also monitor trends in renter share and home values to better understand how ZIP 58479 fits into the larger Barnes County, ND, real estate landscape.
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.