Location: Divide County, ND | Metro: Divide County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,460 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $3,110 |
| 5 Bedrooms | $3,608 |
| 6 Bedrooms | $4,041 |
| 7 Bedrooms | $4,364 |
| 8 Bedrooms | $4,582 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 58833 are governed by the Specific Area Fair Market Rent (SAFMR) for a two-bedroom apartment, which is set at $1,530 per month for fiscal year 2026. This figure is specific to this ZIP code, meaning it does not necessarily reflect the rates in other areas within the same county or metropolitan region.
While the local market rent for the area is currently unavailable, it's important to understand how the SAFMR interacts with tenant contributions and utility allowances to determine the actual payment a landlord receives from a Section 8 voucher. A tenant participating in the Section 8 program is typically required to pay 30% of their adjusted income towards rent. This amount is then supplemented by the voucher payment to cover the total rent up to the SAFMR limit.
In addition to the base rent, utility allowances are also factored into the overall compensation. These allowances vary based on the type of unit and can significantly affect the final reimbursement amount. For instance, if a tenant's contribution plus the utility allowance does not reach the $1,530 mark, the difference is made up by the government to ensure the landlord receives the full SAFMR amount.
The typical reimbursement gap or surplus occurs when comparing the total voucher payment (including tenant contribution and utility allowance) to the SAFMR. In ZIP 58833, if the local market rent were higher than the SAFMR, landlords would face a reimbursement gap, where they receive less than the market rate. Conversely, if the local market rent is lower than the SAFMR, landlords might see a surplus, receiving more than the typical market rate for renting out a two-bedroom apartment.
Given the SAFMR of $1,530, landlords should calculate their expected reimbursement based on the specific utility allowances and the 30% tenant contribution. Without specific data on local market rents, it's impossible to quantify the exact gap or surplus, but understanding these dynamics helps landlords make informed decisions about participating in the Section 8 program.
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.