Real Estate Investing in Horace, North Dakota (58047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58047 (Horace, ND)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
What’s happening in Horace, ND (58047)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58047 Horace
ZIP 58047 in Horace, ND carries a healthy set of headwinds. Home values near $420K and rents of $1,975/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $420K asset, 58047 is the wrong submarket. If the plan prices in friction, the yield can still work.
On the rental side, 58047 offers a low basis, the region around Horace has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 58047 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 58047 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Horace:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58047 Compare?
| Metric | 58047 | Horace | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $420,155 | $421,150 | N/A | $278,677 |
| 5-Year CAGR | 1.5% | 2.9% | N/A | 3.7% |
| Avg Rent | $1,975 | $1,424 | N/A | - |
| Cap Rate | 3.7% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58047 (Horace, 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 | $420,155 |
| Monthly Rent | $1,975 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.7% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 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 (3.7%). 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 58047
Population: 5,136
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 58047
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 investability score for Horace, ND?
Horace, ND comes in at an investability rating of 2.0/5, with median home values near $420K and average rents around $1,975/mo. That combination puts it in the sturdy tier for investor interest.
Are tenants stable in Horace, ND?
Working renters make up the core of the Horace, ND tenant base. The pool is reasonable for investors targeting long-term holds.
How strong are rents in Horace, ND?
Investors in Horace, ND typically see rents near $1,975/mo per month against $420K home values - a solid setup for rental cash flow.
Is vacancy a concern in Horace, ND?
Rental vacancy in Horace, ND is elevated. Investors should budget normal turnover but not chronic empty units.
Which investment style suits Horace, ND?
A careful cash-flow rentals with hands-on management strategy Horace, ND best. The market produces steady results for that approach at the $420K price point.
You know 58047 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58047 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 58047 ranks in Fargo, ND-MN
Every ZIP in this metro, ranked. Free.
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