Real Estate Investing in Oakes, North Dakota

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1 ZIP codes • Population: 2,739 • Dickey County

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Should you buy in Oakes, 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: 9.4% vacancy may signal weakening demand.

What’s happening in Oakes, ND?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.1% 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 $195,065
Avg Monthly Rent $783
ZIP Codes 1

Investing in Oakes Real Estate

Oakes (North Dakota) spans 1 ZIPs and roughly a sizable population. firmly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

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

Rent trends and price trends in Oakes are both soft, which is the uncomfortable combination that defines distressed-leaning markets in North Dakota.

Population dynamics in Oakes haven't been supportive. less favorable for combined with sluggish 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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Landlord Ground Truth

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Avg Home Value
$195,065
Avg Monthly Rent
$783
1% Rule
✗ Below
Landlord Friendly (ND)

ZIP Codes in Oakes, ND

Screen every ZIP in Oakes

Filter Oakes’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 Oakes, ND

What is the renter demographic in Oakes, ND?

Oakes, ND offers a steady renter base at the $783/mo rent level. Tenant turnover is reasonable for well-managed properties.

Is Oakes in ND worth investing in?

Investors tracking Oakes, ND will find a 3.0/5 rating supported by $195K median home values and $783/mo rents. That profile suits long-term holders targeting stable returns.

What is the median home value in Oakes, ND?

Typical homes in Oakes, ND go for around $195K. The 5-year CAGR of 0.0% predictable price movement.

What is the rental occupancy rate in Oakes, ND?

Oakes, ND vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

Is Oakes, ND a good market for FHA house hackers?

Oakes, ND offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $783/mo rent level.

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