Real Estate Investing in Hillsboro, North Dakota (58045)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58045 (Hillsboro, 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.
- Declining values: -0.9% 5-year CAGR — values have moved lower.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.3 — 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 Hillsboro, ND (58045)?
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Market Analysis: 58045 Hillsboro
On the rental side, ZIP 58045 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $247K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 58045 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 58045 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 58045 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
tilts toward 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 Hillsboro:
Market Trends
Home Value History (with trend line)
📊 How Does 58045 Compare?
| Metric | 58045 | Hillsboro | North Dakota |
|---|---|---|---|
| Home Value | $247,422 | $247,422 | $278,677 |
| 5-Year CAGR | N/A | N/A | 3.7% |
| Avg Rent | $783 | $783 | - |
| 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 58045 (Hillsboro, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $247,422 |
| Monthly Rent | $783 |
| Price-to-Rent | 26.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 1.6% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | -0.9% ▼ |
| 10-Year CAGR | +1.7% ▲ |
🏠 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 58045
Population: 2,181
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 58045
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
Is housing expensive in Hillsboro, ND?
Hillsboro, ND home values average about $247K. That price point suits investors targeting rentals with $783/mo in monthly income.
How strong are rents in Hillsboro, ND?
Investors in Hillsboro, ND typically see rents near $783/mo per month against $247K home values - a solid setup for rental cash flow.
Is the tenant base reliable in Hillsboro, ND?
Tenant demand in Hillsboro, ND is solid. The local workforce $783/mo rents across most rental classes.
How landlord-friendly is Hillsboro, ND?
Landlord-friendliness in Hillsboro, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What does house hacking look like in Hillsboro, ND?
The a challenging house-hack environment in Hillsboro, ND reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 58045 now. You don’t know where it ranks.
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