Section 8 Fair Market Rent (FMR) for ZIP 58784 - 2027

Location: Mountrail County, ND | Metro: Burke County, ND

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,070
1 Bedroom	$1,180
2 Bedrooms	$1,540
3 Bedrooms	$1,840
4 Bedrooms	$2,030
5 Bedrooms	$2,355
6 Bedrooms	$2,638
7 Bedrooms	$2,849
8 Bedrooms	$2,991

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,756

Median Household Income

$116,616

Housing Units

1,311

Renter Percentage

32.9%

Occupancy Rate

86.1%

Renter Occupied

371

The ZIP code 58784, with a population of 2,756, has 32.9% of its residents as renters. This indicates that while there is a notable portion of renters, it is not overwhelmingly dominated by them. The median household income in this area stands at $116,616, which is relatively high compared to national averages.

The market rent for this ZIP code is $1,148. To understand the financial burden this places on tenants, we can calculate that typical rent consumes approximately 10.7% of the median household income. This is derived from dividing the market rent by the median income and multiplying by 100. In comparison, the Fair Market Rent (FMR) for the area is set at $1,230 for fiscal year 2026, indicating that the actual market rent is slightly below the FMR threshold.

Given these figures, landlords in ZIP 58784 should anticipate a tenant pool that is financially stable and capable of paying rents close to the market rate without heavy reliance on housing vouchers. The percentage of renters suggests a moderate demand for rental properties, but the higher income levels imply that tenants will likely be able to afford rent out of their own pockets rather than relying solely on government assistance.

To further refine expectations, landlords should consider the following:

Educated Tenants: Given the income levels, tenants are likely to be well-educated professionals or families who value the quality of life offered in this ZIP code.
Stable Income: With median incomes significantly above the national average, tenants are expected to have stable employment and income sources, reducing the risk of non-payment.
Moderate Voucher Usage: While some tenants may use housing vouchers, the overall demand for deeply subsidized units is lower due to the higher median income levels.

In summary, landlords in ZIP 58784 should prepare for a tenant pool that is financially secure and capable of meeting market rents. The area's characteristics suggest a mix of renters and homeowners, with renters typically having the means to cover their housing costs independently or with minimal assistance.

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.