Real Estate Investing in Dazey, North Dakota (58429)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58429 (Dazey, ND)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 42.9% of homes vacant — above national norms.
• 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 Dazey, ND (58429)?
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Market Analysis: 58429 Dazey
This part of Barnes is not an easy win. The 58429 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
In practical terms, the numbers look inviting — $174K purchase price, 0.0% nominal cap — the work to hit that pro forma in 58429 is substantial and deserves full respect.
Regionally, 58429 sits on the difficult end of the ND spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 58429 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Dazey's stable or hybrid ZIPs before stepping into 58429. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dazey:
Market Trends
Home Value History (with trend line)
📊 How Does 58429 Compare?
| Metric | 58429 | Dazey | North Dakota |
|---|---|---|---|
| Home Value | $173,913 | $173,913 | $278,677 |
| 5-Year CAGR | 3.8% | 3.8% | 3.7% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 4.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58429 (Dazey, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,913 |
| Monthly Rent | $999 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 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 (4.5%). 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 58429
Population: 281
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
Frequently Asked Questions
Is Dazey, ND a good market for buy-and-hold investors?
Our data puts Dazey, ND at 3.0/5 for investability. Home prices of $174K and rents around $999/mo create a solid backdrop for investor activity.
How should investors approach Dazey, ND?
In Dazey, ND the robust play is typically careful cash-flow rentals with hands-on management. The combination of $174K prices and $999/mo rents suits that approach.
Is Dazey, ND a friendly market for rental owners?
Dazey, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking make sense in Dazey, ND?
House hacking in Dazey, ND is reasonable to execute. Prices around $174K and rents of $999/mo solid owner-occupant economics.
Where do rents currently stand in Dazey, ND?
The typical rental in Dazey, ND commands about $999/mo monthly. That rent profile consistent cash flow against the $174K purchase basis.
You know 58429 now. You don’t know where it ranks.
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