Real Estate Investing in Binford, North Dakota (58416)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58416 (Binford, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 46.1% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.3% in the last year.
• 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 Binford, ND (58416)?
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Market Analysis: 58416 Binford
Not every below-median market is a bargain. Binford's 58416 ZIP registers signals that favor experienced operators who can absorb the risk $123K pricing implies.
The 58416 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Binford have seen price recovery that 58416 has not matched. Griggs County data supports the view that the spread is structural rather than temporary.
The demographic picture in 58416 includes headwinds that any investor should price in. Income distribution skews lower than Binford averages, and tenant stability requires active management.
The 58416 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 Binford:
Market Trends
Home Value History (with trend line)
📊 How Does 58416 Compare?
| Metric | 58416 | Binford | North Dakota |
|---|---|---|---|
| Home Value | $122,874 | $122,874 | $278,677 |
| 5-Year CAGR | N/A | N/A | 3.7% |
| Avg Rent | $900 | $900 | - |
| Cap Rate | 5.7% | 5.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58416 (Binford, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $122,874 |
| Monthly Rent | $900 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 1.4% |
📈 Home Appreciation
| 1-Year | -4.3% ▼ |
| 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 (5.7%). 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 58416
Population: 419
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 58416
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 typical renter like in Binford, ND?
Tenant quality in Binford, ND ranks as solid. Landlords generally report even-keeled occupancy at market rents of $900/mo.
What is the investability score for Binford, ND?
Yes - Binford, ND a 2.0/5 investability score. With $123K home prices against $900/mo monthly rent, the market delivers a reasonable entry point for new investors.
How quickly do rentals get leased in Binford, ND?
Binford, ND carries elevated vacancy risk. Expect steady absorption at market rents of $900/mo.
Is Binford, ND better for rentals, flips, or BRRRR?
Binford, ND investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($123K prices, $900/mo rents) make it a reasonable choice.
How much should I expect to pay for a home in Binford, ND?
Expect median prices around $123K in Binford, ND. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
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