FY2027 Small Area FMR · Minot, ND

ZIP 58701 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 58701 (Minot, ND) is $1,050 a month, up 1.9% from FY2026. That is 0% equal to the Ward County, ND area-wide FMR of $1,049.

2-bedroom SAFMR$1,050per month ▲ 1.9%

Area-wide 2 BR FMR$1,049Ward County, ND

Rank in the area15thof 26 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$945

2 BR Small Area FMR$1,050

110% of SAFMR$1,155

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$730▲ 2.8%

1 BR$870▲ 2.4%

2 BR$1,050▲ 1.9%

3 BR$1,460▲ 2.1%

4 BR$1,760▲ 1.7%

FY2027 FY2026

Where 58701 sits in the Ward County, ND area

Of the 26 ZIP codes HUD lists for the area, 58701 has the 15th highest two-bedroom Small Area FMR. Ward County, ND is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,049 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,050 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$730	$657 – $803	$726	$710
1 bedroom	$870	$783 – $957	$864	$850
2 bedrooms	$1,050	$945 – $1,155	$1,049	$1,030
3 bedrooms	$1,460	$1,314 – $1,606	$1,458	$1,430
4 bedrooms	$1,760	$1,584 – $1,936	$1,759	$1,730

A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 a year to keep housing costs at 30% of income. The area median family income is $95,700 and the 80% low-income limit for four people is $85,700. ZIP code 58701 lies mainly in Ward County. See the Ward County, ND county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
58707	Minot	7.1 mi	$1,050
58722	Burlington	10.3 mi	$1,050
58733	Des Lacs	12.2 mi	$1,050
58781	Sawyer	12.6 mi	$1,110
58703	Minot	13.1 mi	$1,050
58785	Surrey	15.2 mi	$1,270

Questions

What is the Fair Market Rent for ZIP code 58701?

HUD's FY2027 Small Area Fair Market Rents for 58701 are $730 (studio), $870 (1 BR), $1,050 (2 BR), $1,460 (3 BR) and $1,760 (4 BR) a month.

What is the Section 8 payment standard in 58701?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 58701 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 58701?

The FY2026 income limits of the Ward County, ND area apply: median family income $95,700, low-income (80%) limit $85,700 for a family of four.