Location: Bottineau County, ND | Metro: Renville County, ND HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,230 |
| 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 rent math in ZIP 58750 does not favor landlords. The Fair Market Rent (FMR) set at $870 for the fiscal year 2026 contrasts sharply with the actual market rent of $793 as reported by the Census ACS. This discrepancy suggests that landlords may struggle to cover costs if they aim to meet the FMR, which is higher than what tenants are currently paying.
Regarding acquisition affordability, the data is incomplete. Median home values, days on market (DOM), and the percentage of homes requiring price cuts are all listed as N/A. This lack of information makes it difficult to assess whether purchasing properties in this area would be financially viable for landlords looking to expand their portfolios.
Tenant demand appears to be modest. With a total population of 606 and 28.7% of residents being renters, there is a limited pool of potential tenants. This percentage translates to roughly 173 individuals who might seek rental housing, indicating that the market could be saturated if there are already a significant number of rental units available.
In summary, ZIP 58750 presents challenges for landlords. The rent math is unfavorable due to the gap between the FMR and the actual market rent, and without comprehensive data on property acquisition, making informed investment decisions is problematic. Additionally, the small tenant base limits the potential for high occupancy rates. Landlords should proceed with caution and carefully consider these factors before investing in this ZIP code.
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.