Section 8 Fair Market Rent (FMR) for ZIP 58755 - 2027

Location: Williams County, ND | Metro: Burke County, ND

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,180
1 Bedroom$1,240
2 Bedrooms$1,480
3 Bedrooms$1,900
4 Bedrooms$2,320
5 Bedrooms$2,691
6 Bedrooms$3,014
7 Bedrooms$3,255
8 Bedrooms$3,418

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
133
Median Household Income
$138,705
Housing Units
150
Renter Percentage
14.5%
Occupancy Rate
50.7%
Renter Occupied
11

To understand how Section 8 economics work in ZIP 58755, it's important to know the specific figures involved. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $1,280. This figure represents the maximum amount that a housing voucher can cover for rent in the area.

The SAFMR is established based on the local rental market conditions and is designed to reflect the actual rents paid for comparable units in the same area. However, the local market rent data for ZIP 58755 is currently unavailable, which makes direct comparisons challenging.

When a landlord participates in the Section 8 program, they receive payments from the housing authority on behalf of the tenant. These payments consist of the voucher amount minus the tenant's portion of the rent. The tenant is typically required to pay 30% of their adjusted income towards rent, while the housing authority covers the remaining 70%. For example, if a tenant has an adjusted monthly income of $1,000, they would be expected to contribute $300 towards the rent. The housing authority would then cover the remainder up to the SAFMR limit of $1,280.

In addition to the base rent, landlords also receive utility allowances, which vary based on the type of unit and the number of bedrooms. For a two-bedroom apartment, these allowances can range from $200 to $400 per month, depending on the specifics of the voucher and the utilities included. This allowance is intended to help cover the cost of utilities and is paid directly to the landlord along with the rent reimbursement.

Given the SAFMR of $1,280, the total reimbursement a landlord might receive for a two-bedroom unit could be calculated as follows:

If the local market rent is higher than the SAFMR, landlords will experience a reimbursement gap. Conversely, if the local market rent is lower than the SAFMR, landlords might see a surplus. Since the local market rent for ZIP 58755 is not available, we cannot determine the exact surplus or shortfall. However, landlords should expect to receive a total of up to $1,280 for rent plus the utility allowance, which will depend on the specific circumstances of the tenant's voucher.

To conclude, the typical reimbursement for a two-bedroom unit under the Section 8 program in ZIP 58755 is capped at $1,280 for rent, with additional utility allowances. Landlords must calculate the tenant's contribution and factor in the utility allowance to determine the final reimbursement amount.

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.