Location: Emmons County, ND | Metro: Bismarck, ND MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,480 |
| 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 58560 stands out due to its unique characteristics, notably a very low population count of just 297 residents. Among these, only 4.8% are renters, which indicates a predominantly owner-occupied area. The lack of data on median income and median home value suggests that this ZIP code might be underrepresented in larger statistical surveys, possibly due to its small size and isolated location.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 58560 as of the fiscal year 2024 is set at $960. This figure contrasts sharply with the market rent, estimated at $1,333 according to the Census ACS. This discrepancy implies that landlords accepting Section 8 vouchers could face a significant shortfall compared to market rates. However, it also highlights an opportunity for landlords who can provide affordable housing options, as the demand for rental properties in this area is likely to be met by those seeking government assistance.
The data signature for ZIP 58560 reads as "stable." With a small and largely owner-occupied population, there is little indication of rapid change or growth. The limited number of renters means that the rental market is unlikely to fluctuate dramatically, and the stable nature of the local economy is reflected in the consistent FMR figures. Landlords should be aware that while the potential pool of tenants using Section 8 vouchers is small, the economic conditions suggest a steady environment with predictable outcomes.
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.