Location: Dunn County, ND | Metro: Dunn County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 58644 presents a complex picture that requires careful consideration for both landlords and small-portfolio investors. The median home value is currently unavailable, as are the percentage of listings that have been reduced and the median days on market (DOM). Despite these data gaps, we can still draw some conclusions based on the available information.
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. This figure serves as a benchmark for rental pricing and can help guide decisions regarding the rental income potential of properties in the area. However, the exact market rent for ZIP 58644 is also not available, which makes direct comparisons challenging. It's important to note that FMRs are typically conservative estimates, designed to ensure affordability for low-income households. Therefore, market rents could potentially be higher, depending on local demand and property conditions.
The absence of specific data on median home values, reduced listings, and DOM suggests a relatively stable market with limited recent fluctuations. When a significant portion of listings are reduced, it often indicates a buyer's market where sellers may need to lower their asking prices to attract buyers. Similarly, an increase in DOM would suggest a slower sales pace, which could also indicate a shift towards a buyer's market. Without these metrics, it's difficult to pinpoint the exact level of pricing power, but the stability implied by the lack of change signals a cautious approach to price adjustments.
For long-term investors, the setup suggests a conservative appreciation thesis. In markets with stable values and limited reductions in listing prices, the potential for rapid appreciation is diminished. Instead, investors should focus on steady, modest growth in property values and rental income. The $890 FMR provides a baseline for rental pricing, and any market rents above this amount could offer additional upside for investors who manage their properties well and maintain competitive rental rates.
In summary, the current state of the real estate market in ZIP 58644 leans towards stability rather than volatility. Investors should expect moderate returns and focus on maintaining their properties to stay competitive in the rental market. While the exact appreciation rate remains unclear due to missing data points, the overall setup points towards a market that favors patience and prudence over aggressive speculation.
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.