Real Estate Investing in Wahpeton, North Dakota

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

3 ZIP codes • Population: 9,459 • Richland County

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

🏠 For Homebuyers
GOOD FIT
Grade B (81/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 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: 8.4% vacancy may signal weakening demand.

What’s happening in Wahpeton, ND?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.6% 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 $78,874
Avg Monthly Rent $876
ZIP Codes 3

Investing in Wahpeton Real Estate

Wahpeton in North Dakota is one of the markets where the numbers warn before they reward — 3 ZIPs, a sizable population, and a rating that reflects material risk.

The investment case for Wahpeton 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.

plainly Wahpeton's sale market has not rewarded patience. a harder case for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Wahpeton'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 Wahpeton, ND-MN

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Wahpeton, ND. Anonymous, moderated, never written by AI.

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Avg Home Value
$78,874
Avg Monthly Rent
$876
1% Rule
✓ Passes
Landlord Friendly (ND)

🎓 Colleges & Universities in Wahpeton

1 College 3,140 Students 295 Off-Campus Renters
C+
North Dakota State College of Science
2-Year Public · 3,140 students
📍 ~295 students rent off-campus

ZIP Codes in Wahpeton, ND

Screen every ZIP in Wahpeton

Filter Wahpeton’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 Wahpeton, ND

Are rents high in Wahpeton, ND?

Rental rates in Wahpeton, ND average $876/mo. Tenant demand and $79K home values make the yield look reasonable by investor standards.

Where do home prices stand in Wahpeton, ND?

Expect median prices around $79K in Wahpeton, ND. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.

Are there empty rentals in Wahpeton, ND?

Vacancy risk in Wahpeton, ND is elevated. That supports even-keeled cash flow for typical rental holds.

Is ND a landlord-friendly state?

ND ranks as a landlord-friendly state for landlord-tenant law. Wahpeton generally follows the statewide framework, so landlords face reasonable operating rules.

How does Wahpeton, ND stack up for property investment?

With a 3.0/5 investability score, Wahpeton, ND ranks as a solid market for rental property investors. Median prices of $79K and rents of $876/mo drive the underlying numbers.

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