Real Estate Investing in Leonard, North Dakota (58052)
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Should you buy in 58052 (Leonard, ND)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
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.
• 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 Leonard, ND (58052)?
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Market Analysis: 58052 Leonard
Not every below-median market is a bargain. Leonard's 58052 ZIP sits at signals that favor experienced operators who can absorb the risk $276K pricing implies.
The investment case in 58052 is resilient only for operators who understand what they are buying. A $276K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 58052 and stronger Leonard ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 58052 ZIP's population of 496 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 58052 is an operator game, not a passive one. From a cash-flow lens, entry prices of $276K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Leonard:
Market Trends
Home Value History (with trend line)
📊 How Does 58052 Compare?
| Metric | 58052 | Leonard | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $275,561 | $275,561 | 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 | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58052 (Leonard, 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 | $275,561 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 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 (3.0%). 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 58052
Population: 496
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
Frequently Asked Questions
What does house hacking look like in Leonard, ND?
The a challenging house-hack environment in Leonard, ND reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How does Leonard, ND rate as a rental market?
Leonard, ND scores 2.0/5 for investability. Home values sit at $276K and rents near $1,062/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical vacancy rate in Leonard, ND?
Occupancy in Leonard, ND runs steady with elevated vacancy. Well-priced units at $1,062/mo lease on reasonable timelines.
How landlord-friendly is Leonard, ND?
Landlord-friendliness in Leonard, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What price range are homes in Leonard, ND?
Median home price in Leonard, ND is near $276K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 58052 now. You don’t know where it ranks.
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How 58052 ranks in Fargo, ND-MN
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