Real Estate Investing in Lidgerwood, North Dakota (58053)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58053 (Lidgerwood, 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: 16.2% of homes vacant — above national norms.
- Declining values: -1.7% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Lidgerwood, ND (58053)?
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Market Analysis: 58053 Lidgerwood
ZIP 58053 inside Richland County looks affordable on the surface — median value of $133K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $783/mo on a $133K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58053 sits below the stated 0.0% once reality is priced in.
In practical terms, 58053 offers a low basis, the region around Lidgerwood has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 58053 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to 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 Lidgerwood:
Property Strategy for 58053
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $85,011 | $870 | 7.4% | — | $42,505 |
| 3BR | $132,476 | $1,210 | 6.6% | — | $44,159 |
Market Trends
Home Value History (with trend line)
📊 How Does 58053 Compare?
| Metric | 58053 | Lidgerwood | Wahpeton, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $133,320 | $133,320 | N/A | $278,677 |
| 5-Year CAGR | N/A | N/A | N/A | 3.7% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58053 (Lidgerwood, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $133,320 |
| Monthly Rent | $783 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 2.9% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | -2.5% ▼ |
| 5-Year CAGR | -1.7% ▼ |
| 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 (4.6%). 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 58053
Population: 1,333
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 58053
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 Lidgerwood, ND good for landlords?
Landlord-friendliness in Lidgerwood, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is it easy to find good tenants in Lidgerwood, ND?
Lidgerwood, ND draws a reliable base of working renters. Demand at the $783/mo rent level is reasonable for standard single-family and small multi rentals.
Where do rents currently stand in Lidgerwood, ND?
Rents in Lidgerwood, ND run near $783/mo. Compared with median home prices of $133K that produces solid gross yields for typical rentals.
Which investment style suits Lidgerwood, ND?
For Lidgerwood, ND, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is housing expensive in Lidgerwood, ND?
Homes in Lidgerwood, ND typically sell near $133K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
You know 58053 now. You don’t know where it ranks.
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How 58053 ranks in Wahpeton, ND-MN
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