Location: Wells 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)
To effectively integrate ZIP 58488 into a Section 8 portfolio strategy, it's essential to focus on its role as a diversifier. This ZIP code, located in Wells County, North Dakota, offers unique opportunities that can complement an investor's existing holdings.
The primary reason for categorizing ZIP 58488 as a diversifier is the low renter share of 1.9%. This figure indicates that the majority of residents in this area own their homes rather than renting, which could lead to a smaller pool of potential tenants. However, the median income in this ZIP code stands at a robust $79,808, providing a strong economic foundation for residents to afford housing costs.
While the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870, there is currently no available data regarding the market rental rates or median home values. This lack of information makes it challenging to assess the potential for significant cash flow or appreciation gains. Nevertheless, the presence of a stable income base suggests that Section 8 properties here would be well-supported by the local economy.
Investors looking to diversify their portfolios should consider the unique characteristics of ZIP 58488. The relatively low renter share means that properties in this area might not generate high rental yields compared to other markets with higher demand for rentals. However, the strong median income provides assurance that tenants receiving Section 8 assistance will have the necessary support to meet their financial obligations.
In conclusion, ZIP 58488 serves best as a diversifier within a Section 8 portfolio strategy. Its low renter share contrasts with a solid median income, creating a balanced environment where properties can be reliably occupied without the promise of high rental returns or rapid appreciation. Investors should leverage this ZIP code to add stability and reduce risk in their overall investment mix.
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.