Real Estate Investing in Rugby, North Dakota (58368)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58368 (Rugby, 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: 15.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.5% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Rugby, ND (58368)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58368 Rugby
Investors eyeing 58368 need to respect the fundamentals at play. Home values of $214K come alongside slower price movement and elevated management overhead.
In practical terms, the numbers look inviting — $214K purchase price, 0.0% nominal cap — the work to hit that pro forma in 58368 is substantial and deserves full respect.
Statewide comparisons place 58368 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 58368 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 58368 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Rugby:
Market Trends
Home Value History (with trend line)
📊 How Does 58368 Compare?
| Metric | 58368 | Rugby | North Dakota |
|---|---|---|---|
| Home Value | $213,749 | $213,749 | $278,677 |
| 5-Year CAGR | 1.5% | 1.5% | 3.7% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58368 (Rugby, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $213,749 |
| Monthly Rent | $783 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 4.3% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | -0.8% ▼ |
🏠 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 (2.9%). 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 58368
Population: 3,205
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 58368
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 does Rugby, ND stack up for property investment?
Yes - Rugby, ND a 2.0/5 investability score. With $214K home prices against $783/mo monthly rent, the market delivers a reasonable entry point for new investors.
What strategy should investors use in Rugby, ND?
A careful cash-flow rentals with hands-on management strategy Rugby, ND best. The market produces even-keeled results for that approach at the $214K price point.
How much do tenants pay in Rugby, ND?
Rent in Rugby, ND is around $783/mo. The resulting rent-to-value relationship with $214K pricing is reasonable for most investor models.
What are vacancy rates like in Rugby, ND?
Rugby, ND sees elevated vacancy, which is reasonable relative to the broader ND rental market.
Are eviction rules reasonable in Rugby, ND?
For rental operators, Rugby, ND rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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