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 market analysis for Section 8 investors in ZIP code 58844, located in Divide County, North Dakota, reveals several key points regarding the financial viability of housing investments in this area. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $1,530. However, without specific market rent data available, it's challenging to directly compare these figures. Based on the HUD FMR alone, voucher tenants in this area will likely cashflow at FMR, meaning that landlords can expect to cover their mortgage, maintenance, and other costs with the voucher amount without needing additional income from the tenant.
The median home value in the area is not provided, which makes deriving an exact rent-to-price ratio difficult. Nevertheless, the absence of a median home value suggests limited housing stock or low interest in homeownership, potentially indicating that rental properties are more prevalent. This scenario could favor landlords over potential buyers, given the lack of robust competition from the purchase market.
The days on market (DOM) and the percentage of homes that experienced price cuts are also not specified. These metrics typically help gauge the local real estate market's health and the balance between renters and buyers. In the absence of these figures, we must rely on the FMR and the general economic conditions of Divide County to assess the investment landscape.
Given the data, the strongest angle for investors in ZIP 58844 is cashflow. With the HUD FMR covering operational costs and the potential scarcity of homeownership options driving demand for rentals, landlords can secure steady income streams without the need for premium units to make ends meet. This situation presents a reliable opportunity for those looking to invest in stable, cash-flow positive properties in a region where the rental market dominates.
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.