Location: Ward County, ND | Metro: Ward County, ND HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The classification of ZIP code 58722 hinges on its rental yield potential and market stability, both critical factors for landlords and small-portfolio investors. With a Fair Market Rent (FMR) of $1,120 for the metro area in fiscal year 2026 and a market rent of $1,144, the yield is modest but competitive. This figure is derived from the median monthly rent, which suggests that properties in this area can command slightly above average rents compared to the broader metropolitan region.
However, the rental yield must be considered alongside the median home value of $298,474. Given the relatively high cost of property acquisition, the yield is not particularly high when measured against the investment required. For instance, if we assume a typical mortgage payment, property taxes, and maintenance costs, the net yield might be lower than expected despite the rental rates.
Moving to stability, ZIP 58722 shows a moderate level of tenant turnover with 25.2% of the population being renters. While this percentage indicates a reasonable demand for rentals, the lack of data on the number of days on market (DOM) suggests either a stable market where vacancies are quickly filled or a less transparent market regarding vacancy rates. The median household income of $85,417 provides some assurance that tenants can afford their rent payments, although it also implies that higher-end rental properties may struggle to find suitable tenants.
Based on these figures, ZIP 58722 does not fit neatly into a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a middle ground. The rental yield is decent, but the high home values temper the overall profitability. Stability is present due to the consistent rental demand and income levels, but the absence of DOM data introduces an element of uncertainty. For landlords and small-portfolio investors, this area offers a balanced opportunity with moderate risks and rewards.
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.