Location: Bottineau County, ND | Metro: Bottineau County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 58783 has a population of 294 residents, with only 5.8% identified as renters. This indicates that the area is predominantly homeowner-dominated rather than a renter-heavy zone. Given the median household income of $129,375, it is evident that residents have a relatively high financial standing.
Market rent data for this specific ZIP code is currently unavailable. However, comparing the median family income to the Fair Market Rent (FMR) can provide some insights. The FMR for the metro area is set at $870 for fiscal year 2026. If we assume a two-bedroom apartment's rent aligns closely with the FMR, then the typical rent would consume approximately 11.4% of the median household income in this area. This calculation is based on the assumption that the median rent for a two-bedroom unit is around $870, which is a conservative estimate given the lack of precise local rental data.
In terms of tenant profiles, landlords in ZIP 58783 should anticipate a limited pool of Section 8 voucher holders due to the low percentage of renters. Tenants who do qualify for housing assistance through Section 8 will likely be financially constrained, with their rent burden being a significant portion of their income. However, the overall number of such tenants seeking housing will be minimal compared to areas with higher percentages of renters.
To summarize, ZIP 58783 is not a strong candidate for landlords looking to cater exclusively to Section 8 tenants. The area's characteristics suggest that most residents own homes, and those who rent are likely to be a small segment of the population. Landlords should prepare for a niche market with fewer potential tenants utilizing housing vouchers, and focus on attracting tenants who can afford market rates without subsidy.
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.