Real Estate Investing in Buffalo, North Dakota (58011)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58011 (Buffalo, 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.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
• 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 Buffalo, ND (58011)?
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Market Analysis: 58011 Buffalo
Investors eyeing 58011 need to respect the fundamentals at play. Home values of $256K come alongside slower price movement and elevated management overhead.
The investment case in 58011 is healthy only for operators who understand what they are buying. A $256K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Buffalo have seen price recovery that 58011 has not matched. Cass County data supports the view that the spread is structural rather than temporary.
Employment concentration in 58011 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 58011 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 Buffalo:
Market Trends
Home Value History (with trend line)
📊 How Does 58011 Compare?
| Metric | 58011 | Buffalo | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $255,988 | $255,988 | N/A | $278,677 |
| 5-Year CAGR | N/A | N/A | N/A | 3.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58011 (Buffalo, 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 | $255,988 |
| Monthly Rent | $990 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 3.4% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 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 (3.0%). 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 58011
Population: 507
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
Frequently Asked Questions
Does house hacking work in Buffalo, ND?
House hacking in Buffalo, ND is reasonable to execute. Prices around $256K and rents of $990/mo solid owner-occupant economics.
Should investors consider Buffalo, ND?
With a 2.0/5 investability score, Buffalo, ND ranks as a solid market for rental property investors. Median prices of $256K and rents of $990/mo drive the underlying numbers.
How strong is tenant demand in Buffalo, ND?
Buffalo, ND draws a consistent base of working renters. Demand at the $990/mo rent level is reasonable for standard single-family and small multi rentals.
What is it like being a landlord in Buffalo, ND?
ND ranks as a landlord-friendly state for landlord-tenant law. Buffalo generally follows the statewide framework, so landlords face reasonable operating rules.
How do home values compare in Buffalo, ND?
In Buffalo, ND the median home value sits at $256K. Against the broader ND market, that reads as reasonable for most investors.
You know 58011 now. You don’t know where it ranks.
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How 58011 ranks in Fargo, ND-MN
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