Location: Mountrail County, ND | Metro: Mountrail County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
ZIP code 58769, located within Mountrail County, ND, presents a unique profile when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for 58769 is set at $870 for the fiscal year 2026, which is notably lower than the market rent of $1,094. This discrepancy suggests that 58769 is likely a value pocket within the Mountrail County, ND metro area, offering rental properties at a price point that is more affordable to tenants eligible for Section 8 assistance.
The 39.4% renter share in ZIP 58769 is higher than the average for many rural areas, indicating a significant portion of the population rents their homes. Given the absence of home value data, it's reasonable to infer that this ZIP code lacks substantial homeownership opportunities, further emphasizing its role as a rental-focused area.
A key indicator of a Section 8 sweet spot is a high renter share combined with below-metro average home values. Although we don't have specific home value figures for comparison, the high renter share and relatively low FMR suggest that 58769 could be particularly attractive for landlords participating in the Section 8 program. The gap between the FMR and market rent also implies that there might be an opportunity for landlords to offer competitive rents while still benefiting from the financial support of the program.
In conclusion, ZIP code 58769 appears to be a value pocket within the Mountrail County, ND metro, characterized by a lower FMR of $870 and a higher-than-average renter share of 39.4%. These factors make it a potentially advantageous location for landlords who wish to engage with the Section 8 program, providing affordable housing options to those who need them most.
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.