Real Estate Investing in Drake, North Dakota
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Should you buy in Drake, ND? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.5% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
What’s happening in Drake, ND?
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Market Trends — Drake, ND
Home Value History
Investing in Drake Real Estate
Drake, ND covers 1 ZIP codes and a population but the investment metrics here are underwhelming — this is not a market to enter casually.
Across Drake's 1 ZIPs, fundamentals run muted: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.
firmly Drake's sale market has not rewarded patience. a challenging fit for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.
Demographics in Drake show real pressure — median income of $N/AK is underwhelming relative to rents, and the 0% renter share includes significant cost-burdened households.
Best ZIP codes in Minot, ND
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ZIP Codes in Drake, ND
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View PlansFrequently Asked Questions About Drake, ND
Where do home prices stand in Drake, ND?
Expect median prices around $88K in Drake, ND. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
Is Drake in ND worth investing in?
Drake, ND rates 3.0/5 for investability. With median values at $88K and rents near $810/mo, the market offers reasonable fundamentals for rental investors.
What is the best play in Drake, ND?
The best-fit strategy in Drake, ND is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Drake, ND good for landlords?
Drake, ND operates under ND law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
How tight is the rental market in Drake, ND?
Drake, ND sees elevated vacancy, which is reasonable relative to the broader ND rental market.
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