Real Estate Investing in Devils Lake, North Dakota
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Should you buy in Devils Lake, ND? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.7% of homes vacant — above national norms.
What’s happening in Devils Lake, ND?
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Market Trends — Devils Lake, ND
Home Value History
Investing in Devils Lake Real Estate
Across Devils Lake's 1 ZIPs, the picture is tepid: $247K median values, $783/mo rents, and a population that has faced real economic pressure.
Across Devils Lake's 1 ZIPs, fundamentals run lackluster: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.
decisively Devils Lake's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.
The 0% renter share in Devils Lake masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.
Landlord Ground Truth
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🎓 Colleges & Universities in Devils Lake
ZIP Codes in Devils Lake, ND
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View PlansFrequently Asked Questions About Devils Lake, ND
How quickly do rentals get leased in Devils Lake, ND?
Devils Lake, ND carries elevated vacancy risk. Expect even-keeled absorption at market rents of $783/mo.
How strong is the working-renter base in Devils Lake, ND?
Tenant demand in Devils Lake, ND is solid. The local workforce $783/mo rents across most rental classes.
What is the best play in Devils Lake, ND?
Devils Lake, ND investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($247K prices, $783/mo rents) make it a reasonable choice.
Is Devils Lake, ND good for landlords?
Devils Lake, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical home price in Devils Lake, ND?
Homes in Devils Lake, ND typically sell near $247K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
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