Real Estate Investing in Park River, North Dakota (58270)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58270 (Park River, ND)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Park River, ND (58270)?
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Market Analysis: 58270 Park River
ZIP 58270 in Park River, ND carries a resilient set of headwinds. Home values near $180K and rents of $1,062/mo sit inside a market where underwriting has to be tight.
The investment case in 58270 is significant only for operators who understand what they are buying. A $180K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 58270 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 58270 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 58270 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 Park River:
Market Trends
Home Value History (with trend line)
📊 How Does 58270 Compare?
| Metric | 58270 | Park River | North Dakota |
|---|---|---|---|
| Home Value | $180,262 | $180,262 | $278,677 |
| 5-Year CAGR | 5.3% | 5.3% | 3.7% |
| Avg Rent | $1,062 | $1,062 | - |
| Cap Rate | 4.6% | 4.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58270 (Park River, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $180,262 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 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 (4.6%). 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 58270
Population: 1,838
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 58270
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
How much does a house cost in Park River, ND?
Homes in Park River, ND typically sell near $180K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is Park River in ND worth investing in?
Our data puts Park River, ND at 3.0/5 for investability. Home prices of $180K and rents around $1,062/mo create a solid backdrop for investor activity.
Is the tenant base reliable in Park River, ND?
The renter base in Park River, ND is reasonable for the $1,062/mo price point. Screening well and pricing to market typically yields consistent tenants.
Is Park River, ND good for landlords?
Park River, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the best play in Park River, ND?
Park River, ND investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($180K prices, $1,062/mo rents) make it a reasonable choice.
You know 58270 now. You don’t know where it ranks.
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