Real Estate Investing in Portland, North Dakota (58274)
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Should you buy in 58274 (Portland, ND)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
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 (1.3% CAGR).
- High price-to-rent: Price-to-rent ratio 28.1 — 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 Portland, ND (58274)?
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Market Analysis: 58274 Portland
Turning to rents, ZIP 58274 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $264K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 58274 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 58274 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 58274 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Portland:
Market Trends
Home Value History (with trend line)
📊 How Does 58274 Compare?
| Metric | 58274 | Portland | North Dakota |
|---|---|---|---|
| Home Value | $264,007 | $264,007 | $278,677 |
| 5-Year CAGR | 1.3% | 1.3% | 3.7% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58274 (Portland, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,007 |
| Monthly Rent | $783 |
| Price-to-Rent | 28.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 3.6% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 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 (2.3%). 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 58274
Population: 895
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
What is the typical home price in Portland, ND?
In Portland, ND the median home value sits at $264K. Against the broader ND market, that reads as reasonable for most investors.
What is the smart move for investors in Portland, ND?
In Portland, ND the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $264K prices and $783/mo rents suits that approach.
Where do rents currently stand in Portland, ND?
The typical rental in Portland, ND commands about $783/mo monthly. That rent profile predictable cash flow against the $264K purchase basis.
How does Portland, ND stack up for property investment?
Yes - Portland, ND a 2.0/5 investability score. With $264K home prices against $783/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Portland, ND good for landlords?
Portland, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 58274 now. You don’t know where it ranks.
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