Location: Burke County, ND | Metro: Burke County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 58737, located in a county with limited resident data, stands out due to its extremely low population of only 107 residents and an even smaller rental market at just 2.8%. The lack of available data for median income and median home value indicates that this area is scarcely populated and has minimal housing activity.
In terms of voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870. However, without specific market rent data for ZIP 58737, it's challenging to determine the exact impact of this FMR figure. Landlords should be aware that the voucher system operates based on the FMR, which can affect the number of tenants eligible to pay rent through the program.
The data signature for ZIP 58737 reads as "stable," given the low population and limited rental market. There is little indication of significant change in the near future, which means that the current economic conditions are likely to persist. For small-portfolio investors and landlords, this stability suggests a predictable environment but also implies a narrow market for rental properties.
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.