Section 8 Fair Market Rent (FMR) for ZIP 58481 - 2027

Location: Stutsman County, ND | Metro: Barnes County, ND

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$780
1 Bedroom	$790
2 Bedrooms	$1,010
3 Bedrooms	$1,350
4 Bedrooms	$1,700
5 Bedrooms	$1,972
6 Bedrooms	$2,209
7 Bedrooms	$2,386
8 Bedrooms	$2,505

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

165

Median Household Income

$90,714

Housing Units

102

Renter Percentage

12.7%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 58481, located in North Dakota, is characterized by its rural setting and a modest real estate market. The area offers opportunities for landlords and small-portfolio investors looking to enter a stable, yet growing market.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870, providing a benchmark for rental pricing.
The market rent for the area is currently N/A, indicating limited data availability but suggesting that local conditions might influence actual rental rates above or below the FMR.
The median home value in ZIP 58481 is $237,418, reflecting a relatively affordable housing market compared to urban centers.
Renters make up 12.7% of the housing market, which is a smaller percentage than many urban areas, but still represents a significant portion of potential tenants.
The Days on Market (DOM) figure is N/A, which could imply that properties are selling quickly or that there isn't enough transaction data to provide an accurate measure.
The median income for residents in this ZIP code is $90,714, suggesting a middle-class community with steady financial footing.

In summary, ZIP 58481 presents a niche opportunity for real estate investment, particularly in rental properties. With a fair market rent of $870 and a median home value of $237,418, the area offers a balance between affordability and stability. Although the renter share is only 12.7%, the median income of $90,714 indicates a financially secure population capable of supporting rental demand. The lack of specific market rent and DOM data points to a less competitive environment, where local knowledge can be a significant advantage in securing a tenant base and achieving successful property sales.

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.