Section 8 Fair Market Rent (FMR) for ZIP 58803 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 58803, located in Unknown, ND, represents a unique micro-market within the broader North Dakota housing landscape. This area is characterized by its rural setting and small population, which significantly influences the local rental and homeownership dynamics.

• The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,200.
• The specific market rent for ZIP 58803 is currently N/A, indicating a lack of recent data or a very limited rental market.
• The median home value in this ZIP code is also listed as N/A, suggesting that there may be insufficient data points to determine a reliable median value.
• The percentage of residents who are renters is N/A, reflecting the need for more detailed demographic information to understand the tenant population better.
• The days on market (DOM) for listings in ZIP 58803 is N/A, which could mean that sales activity is sparse, leading to incomplete data.
• The median household income for this area is N/A, highlighting the necessity for updated economic data to assess the financial health of the community.

Given the available data, it's evident that ZIP 58803 presents a niche investment opportunity. The Fair Market Rent of $1,200 for a two-bedroom unit provides a benchmark for rental pricing, but the lack of specific market rent data suggests caution. The absence of median home values and median income figures underscores the importance of further research before making any investment decisions. The unknown percentage of renters and days on market indicate that the area may have limited real estate transactions, making it crucial for investors to understand the local demand and supply dynamics thoroughly.

Data Sources: FMR data from HUD (2027).

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.