Real Estate Investing in Harwood, North Dakota

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2 ZIP codes • Population: 2,170 • Cass County

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Should you buy in Harwood, ND? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (52/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
WEAK
2.5 / 5 (40/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.8% vacancy may signal weakening demand.

What’s happening in Harwood, ND?

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2.5/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $423,119
Avg Monthly Rent $1,049
ZIP Codes 2

Investing in Harwood Real Estate

With a sizable population across 2 ZIPs, Harwood shows the kind of lackluster fundamentals that keep most out-of-state capital on the sidelines.

Harwood is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.

The $1,049/mo / $423K relationship in Harwood looks sluggish once vacancy and capex are incorporated into underwriting. trends toward the realized yield tends to disappoint.

Harwood's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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Best ZIP codes in Fargo, ND-MN

Harwood is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Cass County

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San Antonio Property Management has been proudly local since 1978. summary from their website

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Prairie Property Management offers rental expertise in Fargo/West Fargo, Moorhead, Bismarck-Mandan, Watford City, and Williston. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$423,119
Avg Monthly Rent
$1,049
1% Rule
✗ Below
Landlord Friendly (ND)

ZIP Codes in Harwood, ND

Screen every ZIP in Harwood

Filter Harwood’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Harwood, ND

How much does a house cost in Harwood, ND?

Median home price in Harwood, ND is near $423K, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.

Is the tenant base reliable in Harwood, ND?

Harwood, ND offers a stable renter base at the $1,049/mo rent level. Tenant turnover is reasonable for well-managed properties.

Is Harwood, ND a good place for real estate investing?

The 2.5/5 investability rating in Harwood, ND reflects its $423K prices and $1,049/mo rents. Investors generally consider it a solid option within ND.

What is the smart move for investors in Harwood, ND?

A careful cash-flow rentals with hands-on management strategy Harwood, ND best. The market produces steady results for that approach at the $423K price point.

Can I live-in-and-rent in Harwood, ND?

Harwood, ND is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $423K price point reasonable to enter.

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