Real Estate Investing in Grafton, North Dakota (58237)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58237 (Grafton, ND)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Grafton, ND (58237)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58237 Grafton
In practical terms, ZIP 58237 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $168K median. It rewards specialists, not generalists.
The investment case in 58237 is resilient only for operators who understand what they are buying. A $168K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 58237 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A durable renter share of 29% in 58237 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
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 Grafton:
Market Trends
Home Value History (with trend line)
📊 How Does 58237 Compare?
| Metric | 58237 | Grafton | North Dakota |
|---|---|---|---|
| Home Value | $167,788 | $167,788 | $278,677 |
| 5-Year CAGR | 4.3% | 4.3% | 3.7% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58237 (Grafton, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $167,788 |
| Monthly Rent | $783 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +3.1% ▲ |
🏠 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 (3.6%). 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 58237
Population: 5,051
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 58237
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 is the median home value in Grafton, ND?
Typical homes in Grafton, ND go for around $168K. The 5-year CAGR of 0.0% steady price movement.
What strategy should investors use in Grafton, ND?
A careful cash-flow rentals with hands-on management strategy Grafton, ND best. The market produces measured results for that approach at the $168K price point.
Does Grafton, ND favor landlords or tenants?
Grafton, ND operates under ND law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is house hacking profitable in Grafton, ND?
House hacking works a challenging in Grafton, ND. Rents of $783/mo against $168K acquisition make the strategy solid for owner-occupants.
What is the typical renter like in Grafton, ND?
Grafton, ND offers a stable renter base at the $783/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 58237 now. You don’t know where it ranks.
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