Location: Stutsman County, ND | Metro: Barnes County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 58492, located in Stutsman County, ND, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the metro area is set at $870 for fiscal year 2026, while the market rent, as per Census ACS data, stands at $625. This means that voucher tenants will generally cashflow positively at the FMR rate, indicating a strong potential for stable income without the need for premium units.
The median home value is listed as N/A, which suggests that the buy-versus-rent dynamic is heavily skewed towards renting. Although the median Days on Market (DOM) and the percentage of homes needing price cuts are also listed as N/A, this does not significantly impact the analysis given the disparity between the HUD FMR and the actual market rent. The lack of specific home values makes it difficult to calculate an exact rent-to-price ratio, but it's clear that rental properties offer a more accessible option for residents compared to purchasing.
In ZIP 58492, the primary investor angle is cashflow. With the HUD FMR well above the current market rent, landlords and small-portfolio investors can expect steady and reliable returns from their rental investments, particularly when focusing on properties that fall within the Section 8 guidelines. This makes the area an attractive choice for those looking to generate consistent income through rental properties.
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.