Location: McLean County, ND | Metro: McLean County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
ZIP code 58775, located within the McLean County, ND metro, presents a unique profile when compared to typical ZIP codes in the area. The Fair Market Rent (FMR) for ZIP 58775 is set at $870 for fiscal year 2026, which is slightly above the market rent of $811. This indicates that the rental prices in 58775 are somewhat higher than what the market would naturally dictate, suggesting a potential alignment with government-assisted housing programs such as Section 8.
The renter share in ZIP 58775 stands at 36.0%, significantly higher than the average for McLean County, ND. This high percentage of renters can be indicative of a neighborhood where a substantial portion of residents rely on rental assistance programs, making it an attractive location for landlords who wish to participate in such schemes. However, it's important to note that the home value for 58775 is listed as N/A, which could mean that there is limited data available regarding property values in this ZIP code. This absence of data might imply that the area is less developed or has fewer owner-occupied homes compared to other parts of the county.
Given the specifics of ZIP 58775, it can be inferred that this area likely serves as a value pocket within the McLean County, ND metro. The slightly elevated FMR compared to the market rent, combined with a notably high renter share, suggests that landlords could benefit from participating in Section 8 programs due to the higher concentration of eligible tenants. Additionally, the lack of home value data supports the notion that 58775 is primarily a rental market, further positioning it as a favorable location for those seeking to capitalize on assisted housing opportunities.
In conclusion, ZIP 58775 appears to offer a strategic opportunity for landlords and small-portfolio investors interested in the Section 8 program. With a renter share of 36.0% and an FMR of $870, this ZIP code is well-suited for those looking to invest in a value pocket where demand for rental assistance is strong. The slightly higher FMR relative to the market rent of $811 also points towards potential stability and support from federal guidelines, making it a reliable choice for long-term investment.
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.