Location: McLean County, ND | Metro: Ward County, ND HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The ZIP code 58779 presents a unique investment scenario for landlords and small-portfolio investors when considering it through the lens of yield and stability.
On the yield axis, the data indicates a significant opportunity. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, while the market rent for ZIP 58779 stands at $575. This suggests that there is room for rental price increases, potentially aligning closer to the FMR to maximize yield. However, the absence of home value data means we cannot directly compare the rental yields to property values, which would be crucial for a full analysis of the potential return on investment.
Moving to the stability axis, the metrics paint a picture of a moderately stable market. With 19.4% of residents being renters, the demand for rental properties is established but not overwhelming. The lack of data regarding days on market (DOM) prevents us from assessing the speed at which rental units are filled, which is a key indicator of market stability. Lastly, the average income of $62,917 suggests that tenants have the financial capacity to meet their rental obligations, contributing positively to the stability of cash flows.
Given these figures, ZIP 58779 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The relatively low percentage of renters and the presence of a moderate income level indicate a market where long-term rental investments can provide consistent returns. While the gap between the FMR and the current market rent does suggest opportunities for increasing rental income, the absence of home value data means we cannot fully assess the potential for flipping properties for profit.
To summarize, for landlords and small-portfolio investors looking for a balance between yield and stability, ZIP 58779 offers a promising environment. The ability to potentially raise rents to $940, coupled with a reasonable tenant income level, makes it suitable for generating reliable cash flow without the risks associated with highly volatile markets.
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.