Location: Bottineau County, ND | Metro: McHenry County, ND HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,390 |
| 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 Fair Market Rent (FMR) for ZIP code 58789, set at $980 for the metro area in fiscal year 2026, is the benchmark used by the U.S. Department of Housing and Urban Development (HUD) to determine the payment standard for Section 8 rentals. This means that if you list your property under Section 8 in this ZIP code, HUD will pay up to $980 per month toward the rent, depending on the size of the unit and the tenant's income.
However, it’s important to note that this FMR does not necessarily reflect the actual rent you can charge. The average rent in ZIP 58789, according to the Census Bureau's American Community Survey, is $554. This indicates that the market rate is significantly lower than the FMR, which could mean that you might need to adjust your rent expectations to be competitive in the local market.
The renter share in ZIP 58789 is 12.2%, suggesting a moderate level of demand for rental properties. While this percentage isn’t exceptionally high, it does indicate that there are enough potential tenants who would qualify for the Section 8 program to make the investment viable.
Note that the acquisition cost for properties in this area is listed as N/A, which typically means there isn't sufficient data available to provide an accurate figure. This could imply variability in property values or a lack of recent sales data, making it crucial to do thorough research on individual properties you’re interested in acquiring.
Before proceeding with your first Section 8 rental in ZIP 58789, it’s essential to verify the property’s condition against HUD’s Housing Quality Standards (HQS). These standards ensure that the rental unit meets certain safety and habitability criteria. Failure to meet these standards can result in disqualification from the program, so it’s critical to ensure your property complies to avoid any complications.
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.