Real Estate Investing in Mooreton, North Dakota (58061)
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Should you buy in 58061 (Mooreton, 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 Mooreton, ND (58061)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58061 Mooreton
ZIP 58061 inside Richland County looks affordable on the surface — median value of $233K — but the discount exists for reasons that a careful buyer should understand before committing.
From a cash-flow lens, the numbers look inviting — $233K purchase price, 0.0% nominal cap — the work to hit that pro forma in 58061 is substantial and deserves full respect.
ZIP 58061's metrics run below Richland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Meanwhile, 370 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 58061 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Mooreton:
Market Trends
Home Value History (with trend line)
📊 How Does 58061 Compare?
| Metric | 58061 | Mooreton | Wahpeton, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $232,787 | $232,787 | N/A | $278,677 |
| 5-Year CAGR | N/A | N/A | N/A | 3.7% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 2.6% | 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 58061 (Mooreton, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $232,787 |
| Monthly Rent | $783 |
| Price-to-Rent | 24.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 13.5% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | N/A |
| 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 (2.6%). 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 58061
Population: 370
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How does Mooreton, ND rate as a rental market?
Mooreton, ND scores 2.0/5 for investability. Home values sit at $233K and rents near $783/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do landlord-tenant laws work in Mooreton, ND?
ND law landlord-friendly for landlords, and Mooreton inherits those rules. Investors should still review local ordinances for rental licensing.
What do rentals go for in Mooreton, ND?
Rental rates in Mooreton, ND average $783/mo. Tenant demand and $233K home values make the yield look reasonable by investor standards.
Is Mooreton, ND better for rentals, flips, or BRRRR?
For Mooreton, ND, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What kind of vacancy should I budget for in Mooreton, ND?
Occupancy in Mooreton, ND runs steady with elevated vacancy. Well-priced units at $783/mo lease on reasonable timelines.
You know 58061 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58061 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 58061 ranks in Wahpeton, ND-MN
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