Location: Emmons County, ND | Metro: Emmons County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The ZIP code 58542 presents an interesting balance between yield and stability, making it a strategic investment location for landlords and small-portfolio investors.
On the yield axis, the Financial Maximum Rent (FMR) for the metro area in fiscal year 2026 is set at $910. This figure contrasts sharply with the market rent of $1,625, indicating a potential for higher returns if properties can be rented at or near market rates. However, the absence of home value data suggests that there might be limited opportunities for flipping homes in this area, as the market dynamics for resale are unclear.
Moving to the stability axis, the ZIP code reveals a mixed picture. With only 10.5% of residents identified as renters, the demand for rental properties is relatively low, which could translate into longer vacancy periods and greater competition among landlords. The lack of data on days on market (DOM) further complicates the assessment of how quickly units might be filled. Nevertheless, the median household income of $46,250 provides a stable economic base, supporting the ability of residents to meet their rental obligations consistently.
To classify 58542, it is neither a high-yield/low-stability flip-style market nor purely a steady-cashflow zone. The high discrepancy between FMR and market rent suggests significant earning potential, but the low percentage of renters and uncertain DOM data indicate less stability compared to areas with higher tenant demand. The income figure, however, offers a foundation of financial reliability among tenants.
In summary, 58542 leans towards being a moderate-yield/mixed-stability market. Investors should focus on securing properties that can command rents close to the market rate of $1,625, while also considering the potentially lower demand for rental housing due to the 10.5% rental population. The median income of $46,250 supports a stable cash flow, but careful tenant screening and property management will be essential to ensure long-term profitability.
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.