Location: Williams County, ND | Metro: Williams County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 58849, located in Williams County, ND, reveals several key insights. The HUD Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,040. This figure is slightly above the current market rent of $988, as reported by the Census ACS.
Voucher tenants in this area will cashflow marginally at the FMR rate. Landlords can expect to cover their expenses and make a modest profit with units priced at the FMR, but there's little room for error or unexpected costs.
The median home value in ZIP 58849 is $253,709. Using this figure, we can derive the rent-to-price ratio, which stands at approximately 0.49%. This indicates that rental income represents a relatively small portion of the total home value, suggesting that the property market is primarily driven by ownership rather than rental yields.
Regarding the days on market (DOM) and the percentage of homes that experience price cuts, these metrics are not available for ZIP 58849. However, in the absence of such data, it's important to note that the stability of the local housing market is a critical factor for investors. Given the marginal cashflow scenario and the lack of significant appreciation potential, stability emerges as the strongest investor angle in this market.
Investors should focus on properties with low maintenance needs and long-term occupancy prospects to maximize stability and ensure consistent returns.
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.