Real Estate Investing in Wahpeton, North Dakota (58075)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58075 (Wahpeton, ND)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Wahpeton, ND (58075)?
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Market Analysis: 58075 Wahpeton
Not every below-median market is a bargain. Wahpeton's 58075 ZIP reports signals that favor experienced operators who can absorb the risk $237K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 58075 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 58075 sits on the difficult end of the ND spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 58075 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 58075 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Wahpeton:
Property Strategy for 58075
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $157,291 | $880 | 4.0% | +6.2% | $78,645 |
| 3BR | $220,463 | $1,220 | 4.0% | +6.9% | $73,488 |
| 4BR | $276,041 | $1,480 | 3.9% | +6.5% | $69,010 |
| 5BR | $362,764 | — | — | — | $72,553 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58075 Compare?
| Metric | 58075 | Wahpeton | Wahpeton, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $236,621 | $78,874 | N/A | $278,677 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 3.7% |
| Avg Rent | $876 | $876 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58075 (Wahpeton, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,621 |
| Monthly Rent | $876 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 58075
Population: 8,887
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 58075
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What are vacancy rates like in Wahpeton, ND?
Vacancy in Wahpeton, ND is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $876/mo.
Does house hacking work in Wahpeton, ND?
House hacking works a challenging in Wahpeton, ND. Rents of $876/mo against $237K acquisition make the strategy solid for owner-occupants.
Does Wahpeton, ND make sense for an investment property?
The 3.0/5 investability rating in Wahpeton, ND reflects its $237K prices and $876/mo rents. Investors generally consider it a solid option within ND.
Is Wahpeton, ND good for landlords?
Wahpeton, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the median home value in Wahpeton, ND?
Typical homes in Wahpeton, ND go for around $237K. The 5-year CAGR of 0.0% predictable price movement.
You know 58075 now. You don’t know where it ranks.
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How 58075 ranks in Wahpeton, ND-MN
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