FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR
0.82ratio
FMR$870
Market$1,060
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR
0.88ratio
FMR$1,050
Market$1,200
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
0.91ratio
FMR$1,460
Market$1,610
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR
0.92ratio
FMR$1,760
Market$1,920
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.92
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 58707 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 58707 (Minot, ND) is $1,050 a month. That is down 9.5% from $1,160 in FY 2026. Minot is in the Ward County, ND HUD Metro 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 metro-wide two-bedroom FMR of $1,049. Among 26 ZIP codes in Ward County, 58707 is tied for the 15th-highest two-bedroom rent (county range $1,050–$1,460). The median county two-bedroom FMR in North Dakota is $1,014, so ZIP 58707 is 4% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 58707
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$730
−8.7%
$657–$803
1BR
$960
$870
−9.4%
$783–$957
2BR
$1,160
$1,050
−9.5%
$945–$1,155
3BR
$1,610
$1,460
−9.3%
$1,314–$1,606
4BR
$1,950
$1,760
−9.7%
$1,584–$1,936
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 58707
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$730
$870
$1,050
$1,460
$1,760
FY 2026
$800
$960
$1,160
$1,610
$1,950
FY 2025
$710
$790
$1,020
$1,430
$1,710
FY 2024area FMR
$681
$744
$978
$1,378
$1,660
FY 2023area FMR
$685
$763
$1,005
$1,428
$1,712
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
How much will Section 8 pay for a two-bedroom in ZIP 58707?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,049, which applies unless the housing authority uses Small Area FMRs, that basic range is $944 to $1,154 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 58707 in?
ZIP 58707 is in the Ward County, ND HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,049.
How much did fair market rent change in ZIP 58707 for FY 2027?
The two-bedroom FMR fell 9.5%, from $1,160 in FY 2026 to $1,050 in FY 2027. Since FY 2025 it has risen 2.9%.
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