Real Estate Investing in Larimore, North Dakota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,955 • Grand Forks County

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

🏠 For Homebuyers
MIXED
Grade C (67/100)

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

📈 For Investors
MIXED
3.0 / 5 (47/100)

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: 10.5% vacancy may signal weakening demand.

What’s happening in Larimore, ND?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.6% 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 $220,041
Avg Monthly Rent $945
ZIP Codes 1

Investing in Larimore Real Estate

Larimore, ND covers 1 ZIP codes and a population but the investment metrics here are modest — this is not a market to enter casually.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Larimore is in that category.

Rents in Larimore at $945/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.

Population dynamics in Larimore haven't been supportive. better suited elsewhere for combined with subdued income growth, the demographic backdrop complicates any purely financial underwriting.

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 Grand Forks, ND-MN

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$220,041
Avg Monthly Rent
$945
1% Rule
✗ Below
Landlord Friendly (ND)

ZIP Codes in Larimore, ND

Screen every ZIP in Larimore

Filter Larimore’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 Larimore, ND

Is Larimore, ND a friendly market for rental owners?

Larimore, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

How does Larimore, ND stack up for property investment?

Larimore, ND stands at an investability rating of 3.0/5, with median home values near $220K and average rents around $945/mo. That combination puts it in the notable tier for investor interest.

What is the renter demographic in Larimore, ND?

Tenant quality in Larimore, ND ranks as solid. Landlords generally report stable occupancy at market rents of $945/mo.

Does a duplex house hack pencil in Larimore, ND?

For house hackers, Larimore, ND is a challenging. The $945/mo rent on a unit helps defray the mortgage on a $220K property.

Which investment style suits Larimore, ND?

Investors usually favor careful cash-flow rentals with hands-on management in Larimore, ND. With home values at $220K and rents near $945/mo, other strategies can work but produce reliable rather than outsized returns.

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