Location: Emmons County, ND | Metro: Emmons County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,230 |
| 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 ZIP code 58552 represents a small-town neighborhood with a total population of 1,531 residents. In this community, 25.2% of the population are renters, indicating a modest demand for rental properties. The median household income stands at $65,515, which suggests that the local economy supports a comfortable living standard for most families. However, the median home value is notably lower at $143,511, reflecting the affordability of homeownership in the area.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 58552 in fiscal year 2026 is set at $870. This figure, established by HUD for the metro area, significantly exceeds the current market rent of $534, as reported by the Census Bureau's American Community Survey. The disparity between the FMR and the actual market rent highlights an opportunity for landlords who can leverage the higher reimbursement rates offered by the Section 8 program.
Given these economic indicators, ZIP 58552 could be well-suited for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the difference between the FMR and market rent provides a stable and predictable income stream with minimal risk. On the other hand, value-add buyers have the potential to improve property conditions and charge closer to the FMR, thereby increasing their profitability while still benefiting from the Section 8 subsidy. The relatively low median home value also indicates that there might be opportunities to acquire properties at attractive prices, making it feasible for investors to consider upgrading and re-renting them under the Section 8 program.
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.