Real Estate Investing in Reynolds, North Dakota (58275)
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Should you buy in 58275 (Reynolds, ND)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 8.2% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.6% CAGR).
• 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 Reynolds, ND (58275)?
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Market Analysis: 58275 Reynolds
The 58275 ZIP covers a section of Reynolds that demands careful diligence. Prices near $253K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $253K asset, 58275 is the wrong submarket. If the plan prices in friction, the yield can still work.
From an investor standpoint, 58275 offers a low basis, the region around Reynolds has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 58275 includes headwinds that any investor should price in. Income distribution skews lower than Reynolds averages, and tenant stability requires active management.
Distressed ZIPs reward experience. notable returns are possible in 58275, 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 Reynolds:
Market Trends
Home Value History (with trend line)
📊 How Does 58275 Compare?
| Metric | 58275 | Reynolds | Grand Forks, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $253,481 | $253,481 | N/A | $278,677 |
| 5-Year CAGR | 0.6% | 0.6% | N/A | 3.7% |
| Avg Rent | $1,116 | $1,116 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58275 (Reynolds, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $253,481 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +0.6% ▲ |
| 10-Year CAGR | +2.8% ▲ |
🏠 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 (3.4%). 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.
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Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 58275
Population: 812
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How should investors approach Reynolds, ND?
In Reynolds, ND the robust play is typically careful cash-flow rentals with hands-on management. The combination of $253K prices and $1,116/mo rents suits that approach.
Is rental property easy to operate in Reynolds, ND?
Landlord-friendliness in Reynolds, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How strong are rents in Reynolds, ND?
Investors in Reynolds, ND typically see rents near $1,116/mo per month against $253K home values - a solid setup for rental cash flow.
Can owner-occupants cash flow in Reynolds, ND?
Reynolds, ND offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,116/mo rent level.
What kind of vacancy should I budget for in Reynolds, ND?
Occupancy in Reynolds, ND runs stable with elevated vacancy. Well-priced units at $1,116/mo lease on reasonable timelines.
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How 58275 ranks in Grand Forks, ND-MN
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