Real Estate Investing in Milnor, North Dakota (58060)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58060 (Milnor, 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.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Milnor, ND (58060)?
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Market Analysis: 58060 Milnor
ZIP 58060 in Milnor, ND carries a notable set of headwinds. Home values near $208K and rents of $855/mo sit inside a market where underwriting has to be tight.
Stepping back, the numbers look inviting — $208K purchase price, 0.0% nominal cap — the work to hit that pro forma in 58060 is substantial and deserves full respect.
Statewide comparisons place 58060 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 21% in 58060 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 58060 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 Milnor:
Market Trends
Home Value History (with trend line)
📊 How Does 58060 Compare?
| Metric | 58060 | Milnor | North Dakota |
|---|---|---|---|
| Home Value | $208,067 | $208,067 | $278,677 |
| 5-Year CAGR | 1.4% | 1.4% | 3.7% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58060 (Milnor, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $208,067 |
| Monthly Rent | $855 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +13.4% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +1.4% ▲ |
| 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 (3.2%). 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 58060
Population: 1,116
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 58060
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
What do rentals go for in Milnor, ND?
Rental rates in Milnor, ND average $855/mo. Tenant demand and $208K home values make the yield look reasonable by investor standards.
What are home prices like in Milnor, ND?
Median home price in Milnor, ND is near $208K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What approach is best for Milnor, ND real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Milnor, ND. The numbers - $208K homes against $855/mo rents - support that play.
Is Milnor, ND a friendly market for rental owners?
For rental operators, Milnor, ND rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How high is vacancy risk in Milnor, ND?
Vacancy risk in Milnor, ND is elevated. That supports steady cash flow for typical rental holds.
You know 58060 now. You don’t know where it ranks.
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