Location: Stutsman County, ND | Metro: Barnes County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 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)
ZIP code 58497, located in Stutsman County, ND, serves as a critical component in a Section 8 portfolio strategy, specifically as an appreciation play. The median family income in this area is $115,357, which is significantly higher than the national average. This economic strength suggests a robust local economy that can support property value appreciation over time.
Despite the lack of specific data on market rates and median home values, the high median income indicates a strong potential for rental demand and property appreciation. Landlords and small-portfolio investors should focus on acquiring properties in ZIP 58497 for long-term capital gains rather than short-term cash flow. The higher income levels imply that residents can afford to pay more for housing, driving up both rental and property values.
The absence of detailed market rate and median home value data does not detract from the appreciation potential. In areas with high median incomes, properties often appreciate faster due to the ability of residents to invest in better quality housing. This trend is likely to continue in ZIP 58497, making it an ideal location for appreciation-focused investments.
Additionally, the low renter share of 0.0% suggests that homeownership is prevalent, which could mean less competition from other rental properties and a higher likelihood of tenants seeking to purchase their homes over time. This scenario supports the idea of appreciation play, as it points towards a stable and growing market where property values are likely to increase.
In summary, ZIP 58497 stands out as an appreciation play within a Section 8 portfolio strategy. The high median income and low renter share indicate a strong local economy capable of supporting rising property values, making it an attractive investment for those looking to capitalize on long-term growth.
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.