Section 8 Fair Market Rent (FMR) for ZIP 58655 - 2027

Location: Stark County, ND | Metro: Stark County, ND

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$860
1 Bedroom	$860
2 Bedrooms	$1,010
3 Bedrooms	$1,410
4 Bedrooms	$1,690
5 Bedrooms	$1,960
6 Bedrooms	$2,195
7 Bedrooms	$2,371
8 Bedrooms	$2,490

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

575

Median Household Income

$126,071

Housing Units

268

Renter Percentage

18.9%

Occupancy Rate

88.8%

Renter Occupied

The ZIP code 58655, located in the heart of North Dakota's thriving rural economy, offers a unique blend of affordability and stability for real estate investors. The area is characterized by a strong local market that supports both rental and homeownership opportunities, making it a favorable location for those looking to diversify their investment portfolio.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920, indicating a solid baseline for rental properties in the region.
The actual market rent, based on Census ACS data, stands at $710, suggesting there is potential for modest rent increases without pricing out tenants.
The median home value in the area is $328,996, which is relatively stable and provides a good balance between investment cost and resale value.
Renters make up 18.9% of the housing market, showing a significant but not overwhelming demand for rental units.
The median income of residents is $126,071, which is above the national average and supports a robust rental market.
While the days on market (DOM) data is not available, the combination of a strong median income and reasonable market rents suggests a steady demand for both rental and owner-occupied homes.

Investors looking to enter the ZIP 58655 market can expect a balanced environment where rental properties are supported by a healthy local economy. With a median income significantly higher than the national average and a fair market rent that exceeds current market rates, there is room for growth in rental prices. However, the substantial median home value indicates that the area also caters to those interested in homeownership, keeping the overall real estate market dynamic and resilient. The moderate renter share implies a diversified housing demand, reducing the risk of over-reliance on any single type of property. In summary, ZIP 58655 presents a promising opportunity for investors seeking a stable and potentially lucrative real estate market.

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.