Real Estate Investing in Fairmount, North Dakota (58030)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58030 (Fairmount, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 18.6% of homes vacant — above national norms.
• 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 Fairmount, ND (58030)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58030 Fairmount
ZIP 58030 inside Richland County looks affordable on the surface — median value of $153K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $873/mo on a $153K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58030 sits below the stated 0.0% once reality is priced in.
In the broader ND picture, 58030 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A solid renter share of 6% in 58030 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 58030 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 Fairmount:
Market Trends
Home Value History (with trend line)
📊 How Does 58030 Compare?
| Metric | 58030 | Fairmount | Wahpeton, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $153,164 | $153,164 | N/A | $278,677 |
| 5-Year CAGR | N/A | N/A | N/A | 3.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58030 (Fairmount, ND). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 58030 (Fairmount, ND)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $153,164 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.5% |
| 5-Year IRR | 21.6% |
📈 Home Appreciation
| 1-Year | +17.2% ▲ |
| 3-Year CAGR | N/A |
| 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 (4.5%). 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 58030
Population: 612
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 58030
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
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
How much should I expect to pay for a home in Fairmount, ND?
Typical homes in Fairmount, ND go for around $153K. The 5-year CAGR of 0.0% measured price movement.
Should investors consider Fairmount, ND?
With a 2.0/5 investability score, Fairmount, ND ranks as a solid market for rental property investors. Median prices of $153K and rents of $873/mo drive the underlying numbers.
What kind of tenants rent in Fairmount, ND?
Tenant quality in Fairmount, ND ranks as solid. Landlords generally report even-keeled occupancy at market rents of $873/mo.
Is house hacking profitable in Fairmount, ND?
House hacking works a challenging in Fairmount, ND. Rents of $873/mo against $153K acquisition make the strategy solid for owner-occupants.
How strict are landlord regulations in Fairmount, ND?
Fairmount, ND operates under ND law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
You know 58030 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58030 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 58030 ranks in Wahpeton, ND-MN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 58030 (Fairmount)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 58030 (Fairmount, ND).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.