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 market analysis for Section 8 investors in ZIP code 58752, located in the Burke County, ND metro area, reveals a favorable environment for cashflow generation. The HUD Fair Market Rent (FMR) for the area is set at $870 per month for fiscal year 2026, which significantly exceeds the current market rent of $696 as reported by the Census American Community Survey (ACS).
This discrepancy means that voucher tenants can easily cashflow at the HUD FMR, providing a substantial buffer above the local market rate. Landlords and small-portfolio investors can expect to generate positive cashflow without the need for premium units, thus broadening their investment options within the ZIP code.
The median home value in ZIP 58752 is currently not available, which makes it challenging to derive a precise rent-to-price ratio. However, the lack of recent sales data indicates a stable housing market, which can be beneficial for long-term rental investments. The days on market (DOM) and the percentage of homes that have been listed with a price reduction are also not available, suggesting a consistent demand for rentals over homeownership in this area.
The strongest investor angle in ZIP 58752 is cashflow. Given the higher HUD FMR compared to the market rent, investors can secure steady income with minimal risk, making it an attractive option for those looking to capitalize on the rental market dynamics in Burke County, ND.
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.