Real Estate Investing in Hatton, North Dakota (58240)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58240 (Hatton, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 30.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.8% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hatton, ND (58240)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58240 Hatton
The 58240 ZIP covers a section of Hatton that demands careful diligence. Prices near $225K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 58240 can be a a strong candidate for hunting ground — but the discount at $225K reflects genuine risk that outside investors often underestimate.
The gap between 58240 and stronger Hatton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 58240 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. solid returns are possible in 58240, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Hatton:
Market Trends
Home Value History (with trend line)
📊 How Does 58240 Compare?
| Metric | 58240 | Hatton | Grand Forks, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $225,020 | $225,020 | N/A | $278,677 |
| 5-Year CAGR | 0.8% | 0.8% | N/A | 3.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 58240 (Hatton, ND). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 58240 (Hatton, ND)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $225,020 |
| Monthly Rent | $873 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 3.8% |
📈 Home Appreciation
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +0.8% ▲ |
| 10-Year CAGR | +1.6% ▲ |
🏠 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 (3.0%). 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 58240
Population: 1,065
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 58240
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
Is Hatton, ND a good place for real estate investing?
Hatton, ND stands at an investability rating of 2.0/5, with median home values near $225K and average rents around $873/mo. That combination puts it in the solid tier for investor interest.
What do landlords charge for rent in Hatton, ND?
Rent in Hatton, ND is around $873/mo. The resulting rent-to-value relationship with $225K pricing is reasonable for most investor models.
Is Hatton, ND a friendly market for rental owners?
Hatton, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Which investment style suits Hatton, ND?
Investors usually favor careful cash-flow rentals with hands-on management in Hatton, ND. With home values at $225K and rents near $873/mo, other strategies can work but produce measured rather than outsized returns.
What are vacancy rates like in Hatton, ND?
Vacancy in Hatton, ND is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
You know 58240 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58240 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 58240 ranks in Grand Forks, ND-MN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 58240 (Hatton)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 58240 (Hatton, ND).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.