Location: Ward County, ND | Metro: McHenry County, ND HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 58790 is set at $940 for the fiscal year 2026. This figure represents the payment standard, which is the amount that the government will pay toward your rental income if you participate in the Section 8 program. It's important to note that this does not dictate what you can charge as rent; it's the maximum subsidy the government will provide per unit.
To put this into perspective, the average rent in ZIP 58790, based on Census American Community Survey (ACS) data, is $833. This means that the FMR is higher than the typical market rate, potentially offering a slight premium to landlords who choose to participate in the Section 8 program.
The demand for rental properties in this area is significant, with 21.3% of residents being renters. This indicates a strong need for affordable housing options, making Section 8 rentals particularly relevant and likely to attract tenants.
If you're looking to acquire a property in this ZIP code, the median home value is around $211,348. This gives you an idea of the investment required to enter the market. However, remember that participating in the Section 8 program often involves stricter maintenance standards and regular inspections, so ensure your property meets these criteria before proceeding.
A key factor to verify before committing to a Section 8 rental is whether the property qualifies under the HUD's size and quality criteria. This ensures that the rental unit is suitable for habitation and meets the necessary requirements to receive the 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.