Location: Logan County, ND | Metro: Emmons County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The ZIP code 58549 stands out due to its unique demographic profile. With only 165 residents, it has a very low rental rate of 5.0%, indicating that most residents are homeowners. However, the median income of $70,250 suggests that those who do rent could potentially afford higher rents if they were available. The lack of reported median home values might be due to the limited number of homes sold in the area, but it does not detract from the overall picture of a predominantly owner-occupied community.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure is crucial for landlords and small-portfolio investors as it represents the maximum amount the federal government will pay for rental assistance. Since there is no specific market rent data for ZIP 58549, landlords should use the FMR as a guideline for setting their rent rates to ensure compatibility with Section 8 vouchers. It's important to note that the FMR is typically higher than the actual market rent in many areas, so landlords can expect some buffer between the FMR and the local average rent.
The data signature for ZIP 58549 reads as stable. The low number of renters and the absence of recent home sales suggest a community where long-term residency is common and turnover is minimal. For investors looking to enter this market, understanding the dynamics of such a stable environment is key, especially when considering the impact of Section 8 vouchers on potential rental income. While the voucher program can provide a steady stream of tenants, the relatively low rental demand means that landlords must carefully assess the viability of accepting vouchers in this ZIP code.
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.