Location: Williams County, ND | Metro: Divide County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,280 |
| 1 Bedroom | $1,350 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,370 |
| 5 Bedrooms | $2,749 |
| 6 Bedrooms | $3,079 |
| 7 Bedrooms | $3,325 |
| 8 Bedrooms | $3,491 |
U.S. Census Bureau data (2024)
The ZIP code 58830 presents an interesting case for real estate investment analysis, particularly for those interested in Section 8 properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,390. This figure is crucial as it represents the maximum rent that can be charged to tenants receiving Section 8 vouchers. However, the lack of specific market and home value data for ZIP 58830 means that direct comparisons to non-assisted housing markets cannot be made.
On the stability axis, the data reveals a very low percentage of renters, specifically 0.0%, indicating that the majority of residents in this area are homeowners. This could suggest a less dynamic rental market and potentially lower demand for rental units. Additionally, the median income in the area is listed at $54,063, which is a key indicator of the financial health of potential tenants and their ability to afford housing.
Given these specifics, ZIP 58830 does not fit neatly into a high-yield/low-stability "flip-style" market. Instead, it leans more towards being a steady-cashflow zone due to the guaranteed income from the FMR, despite the limited information on market rents and home values. The low percentage of renters suggests a stable tenant base, but the absence of data on days on market (DOM) means there's an incomplete picture of how quickly properties might turn over, which is critical for assessing stability in a rental market.
To conclude, based on the available data, ZIP 58830 appears to offer a reliable, if not exceptionally high, cash flow for Section 8 investments, with the primary driver being the defined FMR. The stability is somewhat assured by the low renter percentage, though the exact dynamics of the rental market remain unclear without additional data points such as market rents and DOM.
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.