Real Estate Investing in Casselton, North Dakota (58012)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58012 (Casselton, 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.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
- High price-to-rent: Price-to-rent ratio 31.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Casselton, ND (58012)?
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Market Analysis: 58012 Casselton
Investors eyeing 58012 need to respect the fundamentals at play. Home values of $329K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $329K purchase price, 0.0% nominal cap — the work to hit that pro forma in 58012 is substantial and deserves full respect.
Regionally, 58012 sits on the difficult end of the ND spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
On balance, 2,805 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.
Strategy in 58012 is an operator game, not a passive one. From an investor standpoint, entry prices of $329K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Casselton:
Market Trends
Home Value History (with trend line)
📊 How Does 58012 Compare?
| Metric | 58012 | Casselton | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $328,708 | $328,708 | N/A | $278,677 |
| 5-Year CAGR | 0.9% | 0.9% | N/A | 3.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58012 (Casselton, 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 | $328,708 |
| Monthly Rent | $873 |
| Price-to-Rent | 31.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 3.0% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +2.8% ▲ |
🏠 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 (2.1%). 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 58012
Population: 2,805
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
🎓 Schools in 58012
Schools in This ZIP Code
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What kind of market is Casselton, ND for investors?
Casselton, ND scores 2.0/5 for investability. Home values sit at $329K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How quickly do rentals get leased in Casselton, ND?
Casselton, ND sees elevated vacancy, which is reasonable relative to the broader ND rental market.
Is rental property easy to operate in Casselton, ND?
ND ranks as a landlord-friendly state for landlord-tenant law. Casselton generally follows the statewide framework, so landlords face reasonable operating rules.
Is Casselton, ND suited for a house hack?
House hacking in Casselton, ND is reasonable to execute. Prices around $329K and rents of $873/mo solid owner-occupant economics.
Where do rents currently stand in Casselton, ND?
Expect rents around $873/mo per month in Casselton, ND. With home values at $329K, the yield math works out to reasonable levels for rental investors.
You know 58012 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58012 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 58012 ranks in Fargo, ND-MN
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