Location: McKenzie County, ND | Metro: Billings County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
U.S. Census Bureau data (2024)
The ZIP code 58634 is characterized by a significant rental population, with 41.9% of residents being renters. This indicates a moderately renter-heavy environment, suitable for landlords looking to attract Section 8 tenants. However, the median household income of $157,750 suggests that this area has a higher income level compared to many other areas where Section 8 vouchers are typically utilized.
Despite the high median income, the specific market rent figures are not available, which makes it challenging to determine precisely how much of the local income goes towards typical rent payments. Nonetheless, we can compare the median income to the Fair Market Rent (FMR) of $1,260 for FY 2026, which is the amount set by HUD for the metro area. At this rate, rent would consume only about 8% of the median household income, indicating that most residents could afford rent without needing assistance.
In ZIP 58634, landlords should expect a mix of tenants, including those who might use Section 8 vouchers due to personal financial circumstances despite the relatively high average income. However, the scarcity of voucher holders in this area means that landlords will likely see fewer applications from individuals relying on housing assistance programs.
To conclude, while there is a notable rental population in 58634, the overall economic conditions suggest that typical market rents are affordable for most residents. Landlords should prepare for a tenant pool that includes a minority of individuals seeking housing assistance, but the majority of tenants are likely to be able to pay market rates independently.
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.