Location: Divide County, ND | Metro: Divide County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,410 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,810 |
| 3 Bedrooms | $2,160 |
| 4 Bedrooms | $3,030 |
| 5 Bedrooms | $3,515 |
| 6 Bedrooms | $3,937 |
| 7 Bedrooms | $4,252 |
| 8 Bedrooms | $4,465 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 58730, located in Divide County, ND, presents an interesting opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the metro area, effective in fiscal year 2026, is set at $1,540. This figure stands in stark contrast to the market rent observed in the area, which is reported at $900 according to Census ACS data.
The discrepancy between the HUD FMR and the actual market rent indicates that voucher tenants in ZIP 58730 will cashflow comfortably at the FMR rate. Landlords can expect a significant buffer between the voucher amount and the local market rates, making it possible to maintain properties without financial strain. This comfortable margin suggests that cashflow is robust even with standard units, not just premium ones.
The median home value in the area is listed as N/A, which means we cannot calculate a precise rent-to-price ratio. However, the absence of a median home value implies a rental-dominated market, where owning property might not be as attractive compared to renting out. This further supports the idea that the rental market is the focus for potential investors in ZIP 58730.
With the median Days on Market (DOM) also noted as N/A, it's difficult to assess the speed at which properties are typically leased. Similarly, the percentage of price cuts is not available, but given the rental-centric nature of the market, these metrics likely do not impact the decision to invest heavily in the rental sector.
In conclusion, the strongest angle for investors in ZIP 58730 is cashflow. The substantial difference between the HUD FMR and the local market rent ensures that landlords can manage their properties effectively while generating a steady income stream. This makes ZIP 58730 a favorable location for those seeking reliable cashflow from Section 8 rentals.
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.