Real Estate Investing in Ellendale, North Dakota (58436)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58436 (Ellendale, 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: 30.2% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ellendale, ND (58436)?
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Market Analysis: 58436 Ellendale
ZIP 58436 in Ellendale, ND carries a healthy set of headwinds. Home values near $159K and rents of $837/mo sit inside a market where underwriting has to be tight.
Rent of $837/mo on a $159K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58436 sits below the stated 0.0% once reality is priced in.
Within ND, ZIP 58436 trails on several market indicators that neighboring Dickey submarkets outperform. The gap is real and solid enough to shape underwriting.
The 58436 ZIP's population of 1,665 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Distressed ZIPs reward experience. notable returns are possible in 58436, 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 Ellendale:
Market Trends
Home Value History (with trend line)
📊 How Does 58436 Compare?
| Metric | 58436 | Ellendale | North Dakota |
|---|---|---|---|
| Home Value | $159,022 | $159,022 | $278,677 |
| 5-Year CAGR | 0.9% | 0.9% | 3.7% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58436 (Ellendale, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $159,022 |
| Monthly Rent | $837 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 5.0% |
📈 Home Appreciation
| 1-Year | +25.8% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +0.1% ▲ |
🏠 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 (4.1%). 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 58436
Population: 1,665
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 58436
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 renter demographic in Ellendale, ND?
Tenant quality in Ellendale, ND ranks as solid. Landlords generally report predictable occupancy at market rents of $837/mo.
What approach is best for Ellendale, ND real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Ellendale, ND. The numbers - $159K homes against $837/mo rents - support that play.
How much does a house cost in Ellendale, ND?
Homes in Ellendale, ND typically sell near $159K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is rental property easy to operate in Ellendale, ND?
Landlord-friendliness in Ellendale, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Should investors consider Ellendale, ND?
With a 3.0/5 investability score, Ellendale, ND ranks as a solid market for rental property investors. Median prices of $159K and rents of $837/mo drive the underlying numbers.
You know 58436 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58436 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.
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