Real Estate Investing in Mandan, North Dakota

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

1 ZIP codes • Population: 29,175 • Morton County

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Should you buy in Mandan, 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
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: 11.5% vacancy may signal weakening demand.

What’s happening in Mandan, ND?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.5% 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 $352,797
Avg Monthly Rent $1,381
ZIP Codes 1

Investing in Mandan Real Estate

This is a distressed-leaning corner of North Dakota: Mandan has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Investors considering Mandan, ND should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rents in Mandan at $1,381/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.

Demographics in Mandan show real pressure — median income of $N/AK is modest relative to rents, and the 0% renter share includes significant cost-burdened households.

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 Bismarck, ND

Mandan 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
$352,797
Avg Monthly Rent
$1,381
1% Rule
✗ Below
Landlord Friendly (ND)

📉 Market Crash Risk Index

Based on Bismarck, ND metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
46%
Days Pending
0/2
34 days

View all metro crash risk rankings →

⚖️ Balanced Market — Bismarck, ND metro
34
Days to pending
10.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Mandan, ND

Screen every ZIP in Mandan

Filter Mandan’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 Mandan, ND

Where do home prices stand in Mandan, ND?

Expect median prices around $353K in Mandan, ND. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.

How qualified is the tenant pool in Mandan, ND?

Working renters make up the core of the Mandan, ND tenant base. The pool is reasonable for investors targeting long-term holds.

Does house hacking make sense in Mandan, ND?

The a challenging house-hack environment in Mandan, ND reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

What is the average monthly rent in Mandan, ND?

The typical rental in Mandan, ND commands about $1,381/mo monthly. That rent profile stable cash flow against the $353K purchase basis.

Are eviction rules reasonable in Mandan, ND?

Mandan, ND operates under ND law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.

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