Real Estate Investing in Harwood, North Dakota (58005)
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Should you buy in 58005 (Harwood, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 38.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harwood, ND (58005)?
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Market Analysis: 58005 Harwood
Investors eyeing 58005 need to respect the fundamentals at play. Home values of $453K come alongside slower price movement and elevated management overhead.
The 58005 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 58005 and stronger Harwood ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
On balance, 779 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 58005 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Harwood:
Market Trends
Home Value History (with trend line)
📊 How Does 58005 Compare?
| Metric | 58005 | Harwood | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $453,321 | $423,119 | N/A | $278,677 |
| 5-Year CAGR | N/A | 3.4% | N/A | 3.7% |
| Avg Rent | $990 | $1,049 | N/A | - |
| Cap Rate | 1.7% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58005 (Harwood, ND). Anonymous, moderated, never written by AI.
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Property managers serving Cass County
Manage rentals here? List your business →San Antonio Property Management has been proudly local since 1978. summary from their website
Prairie Property Management offers rental expertise in Fargo/West Fargo, Moorhead, Bismarck-Mandan, Watford City, and Williston. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $453,321 |
| Monthly Rent | $990 |
| Price-to-Rent | 38.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +10.7% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 58005
Population: 779
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How strong is Harwood, ND for real estate investors?
Harwood, ND scores 2.0/5 for investability. Home values sit at $453K and rents near $990/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What approach is best for Harwood, ND real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Harwood, ND. The numbers - $453K homes against $990/mo rents - support that play.
Are there empty rentals in Harwood, ND?
Vacancy in Harwood, ND is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $990/mo.
Is Harwood, ND landlord-friendly?
ND ranks as a landlord-friendly state for landlord-tenant law. Harwood generally follows the statewide framework, so landlords face reasonable operating rules.
What is the typical home price in Harwood, ND?
Homes in Harwood, ND typically sell near $453K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
You know 58005 now. You don’t know where it ranks.
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How 58005 ranks in Fargo, ND-MN
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