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Nelson County/Petersburg/58272

58272

ZIPSAFMR
Nelson County, ND
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,130$1,130
1 BR$1,140$1,140
2 BR$1,400$1,400
3 BR$1,920$1,920
4 BR$2,330$2,330
5 BR$2,680Not available
6 BR$3,081Not available
7 BR$3,544Not available
8 BR$4,075Not available

Purchase Price Calculator

Maximum purchase price
$146,123

Cost breakdown

+Likely effective rent$1,400
HUD FMRUsed$1,400
Market rentN/A
Est. payment standardN/A
-Principal and interest-$739
Loan amount$116,898
Down payment$29,225
Rate6.50%
Term30 years
-Operating costs-$461
Property taxes-$146
Insurance-$175
Utilities$0
HOA$0
Management-$140
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,624(77.4% ROI)
Projected value
$157,358
Return breakdown
Property appreciation+$11,235
Loan principal paid down+$4,188
Rental cash flow+$7,200
5-year hold
+$38,670(132.3% ROI)
Projected value
$165,325
Return breakdown
Property appreciation+$19,202
Loan principal paid down+$7,469
Rental cash flow+$12,000
10-year hold
+$82,723(283.1% ROI)
Projected value
$187,050
Return breakdown
Property appreciation+$40,927
Loan principal paid down+$17,796
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 58272 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 58272 (Petersburg, ND) is $1,400 a month. That is up 14.8% from $1,220 in FY 2026. Petersburg is in the Nelson County, ND non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,014. Among 11 ZIP codes in Nelson County, 58272 has the 2nd-highest two-bedroom rent (county range $1,010–$1,520). The median county two-bedroom FMR in North Dakota is $1,014, so ZIP 58272 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 58272
BedroomsFY 2027Change90–110% range
Studio$1,130+10.8%$1,017–$1,243
1BR$1,140+10.7%$1,026–$1,254
2BR$1,400+14.8%$1,260–$1,540
3BR$1,920+13.6%$1,728–$2,112
4BR$2,330+13.7%$2,097–$2,563

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 58272
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,140$1,400$1,920$2,330
FY 2026$1,020$1,030$1,220$1,690$2,050
FY 2025$810$830$930$1,300$1,560
FY 2024area FMR$745$765$859$1,211$1,458
FY 2023area FMR$715$730$826$1,174$1,370

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Nelson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 58272
58212$1,010−27.9%
58224$1,010−27.9%
58254$1,010−27.9%
58259$1,520+8.6%
58266$1,140−18.6%
58272Current$1,400—
58321$1,010−27.9%
58327$1,010−27.9%
58344$1,010−27.9%
58361$1,290−7.9%
58380$1,380−1.4%

Questions about ZIP 58272 rents

How much will Section 8 pay for a two-bedroom in ZIP 58272?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,400 it would be $1,260 to $1,540. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 58272 in?

ZIP 58272 is in the Nelson County, ND non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 58272 for FY 2027?

The two-bedroom FMR rose 14.8%, from $1,220 in FY 2026 to $1,400 in FY 2027. Since FY 2025 it has risen 50.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentPetersburg, ND fair market rentND statewide rentsWhat is SAFMR?Data sources