Real Estate Investing in Kenmare, North Dakota
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Should you buy in Kenmare, 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: 24.1% of homes vacant — above national norms.
What’s happening in Kenmare, ND?
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Market Trends — Kenmare, ND
Home Value History
Investing in Kenmare Real Estate
Across Kenmare's 1 ZIPs, the picture is modest: $246K median values, $846/mo rents, and a population that has faced real economic pressure.
The investment case for Kenmare is difficult to make on screen data alone. a challenging fit for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.
Rent trends and price trends in Kenmare are both soft, which is the uncomfortable combination that defines distressed-leaning markets in North Dakota.
The 0% renter share in Kenmare masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.
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ZIP Codes in Kenmare, ND
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View PlansFrequently Asked Questions About Kenmare, ND
What is the typical home price in Kenmare, ND?
Homes in Kenmare, ND typically sell near $246K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Are tenants stable in Kenmare, ND?
Kenmare, ND draws a even-keeled base of working renters. Demand at the $846/mo rent level is reasonable for standard single-family and small multi rentals.
How much is rent in Kenmare, ND?
Rents in Kenmare, ND run near $846/mo. Compared with median home prices of $246K that produces solid gross yields for typical rentals.
Does house hacking work in Kenmare, ND?
House hacking works a challenging in Kenmare, ND. Rents of $846/mo against $246K acquisition make the strategy solid for owner-occupants.
Are landlord laws favorable in Kenmare, ND?
Rental owners in Kenmare, ND deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
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