Location: Williams County, ND | Metro: Divide County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,230 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 58856 in metro FY 2026 is set at $1,280. This figure represents the payment standard for Section 8 vouchers, which means that tenants with vouchers will have a maximum amount they can pay toward rent based on this number. It's important to note that this is not the actual rent you'll receive; it's the benchmark used to determine the subsidy.
In ZIP 58856, the FMR of $1,280 indicates that there is a significant portion of renters who rely on subsidies due to the high percentage of renters in the area—35.4%. This suggests a robust demand for affordable housing, making it likely that your property will be in high demand among voucher holders.
While the local median rent for ZIP 58856 is currently N/A, the lack of specific data does not diminish the importance of understanding the subsidy structure. The payment standard of $1,280 covers the majority of housing costs in the area, ensuring that you receive a stable income. However, without specific local median rent figures, it's challenging to compare directly, but the overall trend shows that Section 8 can provide reliable tenants.
The acquisition cost for properties in this area is also listed as N/A, indicating a need for further research into specific property values. To ensure a successful investment, you should verify the property's condition and any potential repair costs that might exceed the subsidy limits. This will help you determine if the property is a viable option for a Section 8 rental.
For landlords and small-portfolio investors looking to enter the Section 8 market in ZIP 58856, the key takeaway is that the $1,280 FMR provides a solid foundation for income stability. With a significant portion of renters relying on subsidies, you can expect a steady stream of interested tenants. Before finalizing your decision, confirm the property meets all necessary standards and won't require excessive repairs beyond the scope of the 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.