Real Estate Investing in Mayville, North Dakota (58257)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58257 (Mayville, 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: 12.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.7% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mayville, ND (58257)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58257 Mayville
ZIP 58257 inside Traill County looks affordable on the surface — median value of $208K — but the discount exists for reasons that a careful buyer should understand before committing.
Turning to rents, the numbers look inviting — $208K purchase price, 0.0% nominal cap — the work to hit that pro forma in 58257 is substantial and deserves full respect.
Within ND, ZIP 58257 trails on several market indicators that neighboring Traill County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 58257 includes headwinds that any investor should price in. Income distribution skews lower than Mayville averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 58257, 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 Mayville:
Market Trends
Home Value History (with trend line)
📊 How Does 58257 Compare?
| Metric | 58257 | Mayville | North Dakota |
|---|---|---|---|
| Home Value | $208,281 | $208,281 | $278,677 |
| 5-Year CAGR | 0.7% | 0.7% | 3.7% |
| Avg Rent | $819 | $819 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 58257 (Mayville, ND). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 58257 (Mayville, ND)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $208,281 |
| Monthly Rent | $819 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 3.8% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +0.7% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 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 (3.1%). 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 58257
Population: 2,275
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 58257
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 is the typical vacancy rate in Mayville, ND?
Occupancy in Mayville, ND runs consistent with elevated vacancy. Well-priced units at $819/mo lease on reasonable timelines.
What type of investing works in Mayville, ND?
A careful cash-flow rentals with hands-on management strategy Mayville, ND best. The market produces consistent results for that approach at the $208K price point.
Is real estate in Mayville, ND a good investment right now?
Mayville, ND scores 2.0/5 for investability. Home values sit at $208K and rents near $819/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What price range are homes in Mayville, ND?
Median home price in Mayville, ND is near $208K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Where do rents currently stand in Mayville, ND?
Investors in Mayville, ND typically see rents near $819/mo per month against $208K home values - a solid setup for rental cash flow.
You know 58257 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58257 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.
AI Market Advisor
Ask questions about investing in 58257 (Mayville)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 58257 (Mayville, ND).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.