FY2027 Small Area FMR · Minot, ND

ZIP 58702 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 58702 (Minot, ND) is $1,060 a month, down 9.4% from FY2026. That is 1% above the Ward County, ND area-wide FMR of $1,049.

2-bedroom SAFMR$1,060per month ▼ 9.4%

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

Rank in the area14thof 26 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$730▼ 9.9%

1 BR$870▼ 9.4%

2 BR$1,060▼ 9.4%

3 BR$1,470▼ 9.8%

4 BR$1,770▼ 9.7%

FY2027 FY2026

Where 58702 sits in the Ward County, ND area

Of the 26 ZIP codes HUD lists for the area, 58702 has the 14th 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 $1,060 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	$810
1 bedroom	$870	$783 – $957	$864	$960
2 bedrooms	$1,060	$954 – $1,166	$1,049	$1,170
3 bedrooms	$1,470	$1,323 – $1,617	$1,458	$1,630
4 bedrooms	$1,770	$1,593 – $1,947	$1,759	$1,960

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 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 58702 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	1.0 mi	$1,050
58701	Minot	6.2 mi	$1,050
58703	Minot	7.1 mi	$1,050
58722	Burlington	9.6 mi	$1,050
58785	Surrey	10.2 mi	$1,270
58705	Minot Afb	13.3 mi	$1,230

Questions

What is the Fair Market Rent for ZIP code 58702?

HUD's FY2027 Small Area Fair Market Rents for 58702 are $730 (studio), $870 (1 BR), $1,060 (2 BR), $1,470 (3 BR) and $1,770 (4 BR) a month.

What is the Section 8 payment standard in 58702?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 58702 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 58702?

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.