Real Estate Investing in Oriska, North Dakota (58063)
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Should you buy in 58063 (Oriska, 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 Oriska, ND (58063)?
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Market Analysis: 58063 Oriska
The 58063 ZIP in Oriska, ND is a local-operator market. Outside capital chasing a $232K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $232K asset, 58063 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within ND, ZIP 58063 trails on several market indicators that neighboring Barnes County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The demographic picture in 58063 includes headwinds that any investor should price in. Income distribution skews lower than Oriska averages, and tenant stability requires active management.
The 58063 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Oriska:
Market Trends
Home Value History (with trend line)
📊 How Does 58063 Compare?
| Metric | 58063 | Oriska | North Dakota |
|---|---|---|---|
| Home Value | $232,222 | $232,222 | $278,677 |
| 5-Year CAGR | N/A | N/A | 3.7% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58063 (Oriska, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $232,222 |
| Monthly Rent | $873 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 12.2% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 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 (2.9%). 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 58063
Population: 430
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
Is Oriska, ND a good market for buy-and-hold investors?
Our data puts Oriska, ND at 2.0/5 for investability. Home prices of $232K and rents around $873/mo create a solid backdrop for investor activity.
What is the rental occupancy rate in Oriska, ND?
Oriska, ND vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which real estate strategy fits Oriska, ND?
The best-fit strategy in Oriska, ND is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What does house hacking look like in Oriska, ND?
For house hackers, Oriska, ND is a challenging. The $873/mo rent on a unit helps defray the mortgage on a $232K property.
What is it like being a landlord in Oriska, ND?
ND law landlord-friendly for landlords, and Oriska inherits those rules. Investors should still review local ordinances for rental licensing.
You know 58063 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58063 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.
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