Real Estate Investing in Davenport, North Dakota (58021)
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Should you buy in 58021 (Davenport, 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 25.6 — 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 Davenport, ND (58021)?
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Market Analysis: 58021 Davenport
The 58021 ZIP in Davenport, ND is a local-operator market. Outside capital chasing a $327K entry has to pair deep knowledge with the discount.
The investment case in 58021 is robust only for operators who understand what they are buying. A $327K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Meanwhile, 58021 offers a low basis, the region around Davenport has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
In practical terms, 528 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.
Experienced landlords with local relationships tend to find 58021 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Davenport:
Market Trends
Home Value History (with trend line)
📊 How Does 58021 Compare?
| Metric | 58021 | Davenport | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $326,649 | $326,649 | N/A | $278,677 |
| 5-Year CAGR | N/A | N/A | N/A | 3.7% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58021 (Davenport, 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 | $326,649 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 3.9% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 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 (2.5%). 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 58021
Population: 528
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 investment strategy works best in Davenport, ND?
A careful cash-flow rentals with hands-on management strategy Davenport, ND best. The market produces consistent results for that approach at the $327K price point.
Do rentals sit vacant long in Davenport, ND?
Davenport, ND vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Davenport, ND a smart market for rental property?
Yes - Davenport, ND a 2.0/5 investability score. With $327K home prices against $1,062/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is the tenant base reliable in Davenport, ND?
Tenant quality in Davenport, ND ranks as solid. Landlords generally report steady occupancy at market rents of $1,062/mo.
What is the average home sale price in Davenport, ND?
Davenport, ND median home values land near $327K. That is reasonable territory for investors looking at $1,062/mo-per-month rentals.
You know 58021 now. You don’t know where it ranks.
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How 58021 ranks in Fargo, ND-MN
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