Location: Williams County, ND | Metro: Divide County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $2,410 |
| 5 Bedrooms | $2,796 |
| 6 Bedrooms | $3,132 |
| 7 Bedrooms | $3,383 |
| 8 Bedrooms | $3,552 |
U.S. Census Bureau data (2024)
The ZIP code 58795 stands as a market in motion, characterized by a specific set of economic conditions that define its current state and potential future direction. The Fair Market Rent (FMR) for this area is pegged at $1,310 for fiscal year 2026, indicating a steady, if not growing, rental market. While the exact market rent and days on market (DOM) are currently unavailable, the lack of these figures does not obscure the underlying dynamics at play.
The 8.1% renter share suggests a significant portion of the population opts for renting over owning, which could indicate either a transient community or individuals who find renting more financially viable given their circumstances. This high renter share implies ongoing long-term housing pressure, as renters often represent a segment of the population that faces challenges in transitioning to homeownership due to financial constraints or other barriers.
In terms of supply versus demand, the snapshot provided gives us some clues but not definitive answers. With an FMR established, landlords and small-portfolio investors can expect a baseline for rental pricing, ensuring that properties remain competitive within the market. However, the absence of a median home value and the percentage of price-cut share indicates less clarity around the sales market, suggesting that rental dynamics might be more prominent than those of property sales in this area.
The rental market's health is crucial for investors in ZIP 58795. An FMR of $1,310 sets a standard that landlords should aim to meet or slightly exceed, depending on the property's condition and location. Given the high renter share, it is likely that demand for rental units is robust, potentially leading to a scenario where demand slightly outpaces supply, especially if new construction does not keep up with the increasing number of renters.
Investors should focus on maintaining properties that offer good value for the FMR, ensuring they cater to the needs of renters. This includes keeping units in excellent condition, offering amenities that enhance living quality, and being aware of the competition. While the exact trajectory of the market remains unclear without additional data, the current snapshot paints a picture of a dynamic rental environment with sustained pressure to provide affordable housing options.
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.