Location: McKenzie County, ND | Metro: Golden Valley County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
The rent math in ZIP code 58621 does not work favorably for landlords. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,220, while the current market rent based on Census ACS data is only $815. This discrepancy means that landlords may struggle to cover costs and make a profit at the current market rates.
Regarding acquisition affordability, the data is incomplete, as indicated by the 'N/A' values for median home value, days on market (DOM), and the percentage of homes that required price cuts. Without these critical metrics, it's challenging to assess the ease or cost of acquiring properties in this area.
Tenant demand in ZIP 58621 is modest given its small population size of 1,161. However, the 21.2% renter share suggests a steady demand for rental properties, albeit limited in scale. This percentage translates to approximately 246 residents who might be looking for rentals, which could support a niche market for landlords willing to cater to smaller portfolios.
In summary, ZIP code 58621 presents a scenario where the potential rental income falls short of the FMR, indicating a less favorable environment for landlords aiming to maximize returns. The lack of detailed acquisition data complicates the assessment of property purchase costs and timelines. Despite these challenges, the presence of a consistent 21.2% renter share offers some assurance of tenant demand, though the overall market appears to be better suited for those with low-cost expectations and a tolerance for smaller-scale investments.
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.