Real Estate Investing in Harwood, North Dakota (58042)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58042 (Harwood, ND)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 29.6 — 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 Harwood, ND (58042)?
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Market Analysis: 58042 Harwood
Not every below-median market is a bargain. Harwood's 58042 ZIP shows signals that favor experienced operators who can absorb the risk $393K pricing implies.
The 58042 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 58042 and stronger Harwood ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 58042 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 58042 is an operator game, not a passive one. On balance, entry prices of $393K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Harwood:
Market Trends
Home Value History (with trend line)
📊 How Does 58042 Compare?
| Metric | 58042 | Harwood | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $392,917 | $423,119 | N/A | $278,677 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 3.7% |
| Avg Rent | $1,107 | $1,049 | N/A | - |
| Cap Rate | 2.2% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58042 (Harwood, 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 | $392,917 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 29.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 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 (2.2%). 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 58042
Population: 1,391
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 58042
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 632 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Harwood, ND?
Harwood, ND vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the smart move for investors in Harwood, ND?
In Harwood, ND the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $393K prices and $1,107/mo rents suits that approach.
How does Harwood, ND stack up for property investment?
Yes - Harwood, ND a 3.0/5 investability score. With $393K home prices against $1,107/mo monthly rent, the market delivers a reasonable entry point for new investors.
How landlord-friendly is Harwood, ND?
The landlord environment in Harwood, ND is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What do landlords charge for rent in Harwood, ND?
Rent in Harwood, ND is around $1,107/mo. The resulting rent-to-value relationship with $393K pricing is reasonable for most investor models.
You know 58042 now. You don’t know where it ranks.
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How 58042 ranks in Fargo, ND-MN
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