Section 8 Fair Market Rent (FMR) for ZIP 58707 - 2027

Location: Ward County, ND | Metro: Ward County, ND HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$730
1 Bedroom	$870
2 Bedrooms	$1,050
3 Bedrooms	$1,460
4 Bedrooms	$1,760
5 Bedrooms	$2,042
6 Bedrooms	$2,287
7 Bedrooms	$2,470
8 Bedrooms	$2,594

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

500

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

ZIP code 58707, located in the heart of Bismarck, North Dakota, offers a stable environment for real estate investment, particularly for those interested in Section 8 housing. The following analysis provides key metrics that will help landlords and small-portfolio investors make informed decisions.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,160.
Market rent data for ZIP 58707 is currently unavailable, making it difficult to compare against the FMR for non-subsidized units.
The median home value in the area is also not available, which can be a limitation when assessing the overall property values in the region.
Renter share data is missing, preventing us from understanding the proportion of residents who prefer renting over owning.
Average days on the market (DOM) information is not provided, thus we cannot evaluate how quickly properties are typically leased in this area.
Median household income data is not available, leaving a gap in our understanding of the economic profile of the residents.

Despite the lack of some crucial data points such as market rent and median home value, the established Fair Market Rent at $1,160 for a two-bedroom unit indicates a viable opportunity for Section 8 investors. However, the absence of information regarding the local rental market dynamics, including the percentage of renters and average days on the market, poses challenges in fully gauging the attractiveness of the area. Landlords should focus on securing Section 8 contracts while being aware of the need for additional research to fill these data gaps before making significant investment decisions.

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.