Location: Stark County, ND | Metro: Dunn County, ND
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,400 | $260,473 | 0.54% | F |
U.S. Census Bureau data (2024)
The market in ZIP code 58652 presents a dynamic landscape that is indicative of current housing pressures and future trends. With a Fair Market Rent (FMR) set at $920 for the fiscal year 2026, there is a notable gap between the FMR and the actual market rent, which stands at $794 based on Census ACS data. This suggests that the market rent is below the government's benchmark, potentially indicating a situation where supply is meeting or slightly exceeding demand.
The median home value in ZIP 58652 is $249,581. While specific percentages for price-cut share and days on market (DOM) are not available, the lower market rent compared to the FMR implies that landlords and homeowners might be willing to negotiate prices to attract tenants or buyers, especially if the area is experiencing a surplus of available units.
A key factor to consider is the 13.2% renter share, which indicates that a relatively small portion of the population in this ZIP code is renting. This could imply less immediate short-term pressure on rental markets but also suggests a potential for long-term housing stress if economic conditions change. As fewer residents own homes, they are more susceptible to shifts in rental prices and availability, which can affect overall housing stability in the area.
In conclusion, ZIP 58652 appears to be a market where supply currently meets demand, particularly in the rental sector. However, the low renter share signals an underlying trend that could lead to increased housing pressure over time, especially if more residents are forced into the rental market due to economic factors or changes in the housing stock.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.