Location: Kidder County, ND | Metro: Kidder County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 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 market analysis for Section 8 investors in ZIP code 58487 reveals a favorable environment for those seeking steady cash flow. The HUD Fair Market Rent (FMR) for the area, set at $880 for fiscal year 2026, significantly exceeds the current market rent of $620 as reported by the Census Bureau's American Community Survey. This means that voucher tenants can provide a strong positive cash flow for landlords and small-portfolio investors, even when considering standard unit costs.
Given the median home value in the area is not available, it's challenging to derive a precise rent-to-price ratio. However, the higher FMR compared to market rent suggests that rental income from voucher tenants could be more attractive relative to potential home purchase prices, making renting a more viable option for many residents. This dynamic supports the notion that rental properties, particularly those accepting vouchers, are likely to remain in high demand.
The lack of data on median Days on Market (DOM) and the percentage of listings that have been price-cut does not significantly impact the analysis, as the primary focus is on the robustness of the cash flow from voucher tenants. The strong positive cash flow at the HUD FMR rate indicates that investors do not need to rely on premium units to achieve profitability; standard units can offer substantial margins.
In summary, the strongest investor angle in ZIP 58487 is cash flow. With voucher tenants paying above the local market rate, landlords can expect consistent and profitable returns without the risks associated with home price fluctuations or extended vacancy periods.
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.