Location: Bottineau County, ND | Metro: Renville County, ND HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The ZIP code 58782 presents an interesting mix of yield potential and stability, making it a strategic choice for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $870, which is significantly higher than the market rent of $445. This suggests that there is a substantial opportunity to capture premium rents through Section 8 housing assistance, effectively doubling the rental income per unit.
However, the stability indicators provide a more nuanced picture. With 26.0% of residents being renters, the demand for rental properties is moderate but not overwhelming. The lack of data on days on market (DOM) implies that there might be limited turnover information available, which could affect the predictability of the rental market in this area. Additionally, the average household income of $68,125 indicates a middle-class demographic, which can contribute to financial stability among tenants.
The high FMR relative to the market rent points towards a high-yield market. Landlords who can secure Section 8 contracts will benefit from the difference between the FMR and the actual market rate, thereby maximizing their returns. However, the lower percentage of renters and the absence of DOM data suggest a less volatile market, leaning more towards stability rather than high turnover typical of flip-style markets.
In conclusion, ZIP 58782 is best classified as a steady-cashflow zone with high-yield potential due to Section 8 subsidies. The key figures driving this assessment are the FMR of $870 compared to the market rent of $445, indicating a significant upside for those able to leverage government assistance programs. The moderate renter population and middle-class income levels support a stable tenant base, reducing the risk of frequent turnovers and vacancy periods. For investors looking to balance yield and stability, this ZIP code offers a compelling opportunity.
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.