Location: McKenzie County, ND | Metro: McKenzie County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $2,060 |
| 4 Bedrooms | $2,640 |
| 5 Bedrooms | $3,062 |
| 6 Bedrooms | $3,429 |
| 7 Bedrooms | $3,703 |
| 8 Bedrooms | $3,888 |
U.S. Census Bureau data (2024)
The classification of ZIP code 58831 hinges on its yield and stability metrics. The yield, which measures potential rental income relative to property value, is notably strong here. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,370, while the market rent stands at $1,223. Given that the median home value is $328,846, this suggests a relatively high yield environment.
However, the stability axis presents a mixed picture. With 25.1% of residents being renters, the market shows a moderate level of demand. The lack of data on days on market (DOM) makes it difficult to assess the speed at which properties can be rented out, but the average household income of $98,380 indicates a stable financial base among residents, likely supporting consistent rental payments.
Based on these figures, ZIP 58831 leans towards being a steady-cashflow zone. While it offers a good yield, the combination of moderate rental demand and solid incomes suggests that the market is less prone to rapid fluctuations. This makes it suitable for landlords and small-portfolio investors looking for reliable returns rather than quick flips or highly speculative investments.
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.