Real Estate Investing in Horace, North Dakota

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2 ZIP codes • Population: 6,790 • Cass County

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

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 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
CLEAN

No major risk flags on the data we track.

What’s happening in Horace, ND?

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2.5/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $421,150
Avg Monthly Rent $1,424
ZIP Codes 2

Investing in Horace Real Estate

This is a distressed-leaning corner of North Dakota: Horace has 2 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

plainly Horace's aggregate rating of ★★★☆☆ reflects tepid investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Rents in Horace at $1,424/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

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

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Fargo, ND-MN

Horace 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

Manage rentals here? List your business →

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
$421,150
Avg Monthly Rent
$1,424
1% Rule
✗ Below
Landlord Friendly (ND)

ZIP Codes in Horace, ND

Screen every ZIP in Horace

Filter Horace’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 Horace, ND

How do home values compare in Horace, ND?

The median home value in Horace, ND is roughly $421K. That puts it reasonable relative to the ND statewide average.

How should investors approach Horace, ND?

A careful cash-flow rentals with hands-on management strategy Horace, ND best. The market produces measured results for that approach at the $421K price point.

Are tenants stable in Horace, ND?

The tenant pool in Horace, ND is solid, supported by local employment and population fundamentals. Rents of $1,424/mo are well-absorbed by the market.

How landlord-friendly is Horace, ND?

ND law landlord-friendly for landlords, and Horace inherits those rules. Investors should still review local ordinances for rental licensing.

Is Horace in ND worth investing in?

Horace, ND scores 2.5/5 for investability. Home values sit at $421K and rents near $1,424/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

Community Ratings

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