Real Estate Investing in Harvey, North Dakota (58341)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58341 (Harvey, 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: 20.6% of homes vacant — above national norms.
- Declining values: -9.7% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 12.7% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harvey, ND (58341)?
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Market Analysis: 58341 Harvey
The 58341 ZIP in Harvey, ND is a local-operator market. Outside capital chasing a $135K entry has to pair deep knowledge with the discount.
Rent of $783/mo on a $135K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58341 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Harvey have seen price recovery that 58341 has not matched. Wells County data supports the view that the spread is structural rather than temporary.
The 58341 ZIP's population of 2,642 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 58341 is an operator game, not a passive one. On the rental side, entry prices of $135K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Harvey:
Market Trends
Home Value History (with trend line)
📊 How Does 58341 Compare?
| Metric | 58341 | Harvey | North Dakota |
|---|---|---|---|
| Home Value | $135,101 | $135,101 | $278,677 |
| 5-Year CAGR | N/A | N/A | 3.7% |
| Avg Rent | $783 | $783 | - |
| 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 58341 (Harvey, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $135,101 |
| Monthly Rent | $783 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -12.7% ▼ |
| 3-Year CAGR | -12.9% ▼ |
| 5-Year CAGR | -9.7% ▼ |
| 10-Year CAGR | -6.4% ▼ |
🏠 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 (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 58341
Population: 2,642
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 58341
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 much should I expect to pay for a home in Harvey, ND?
The median home value in Harvey, ND is roughly $135K. That puts it reasonable relative to the ND statewide average.
What is the rental occupancy rate in Harvey, ND?
Vacancy risk in Harvey, ND is elevated. That supports reliable cash flow for typical rental holds.
What are rental rates like in Harvey, ND?
Rent in Harvey, ND is around $783/mo. The resulting rent-to-value relationship with $135K pricing is reasonable for most investor models.
What type of investing works in Harvey, ND?
For Harvey, ND, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are tenants stable in Harvey, ND?
Tenant demand in Harvey, ND is solid. The local workforce $783/mo rents across most rental classes.
You know 58341 now. You don’t know where it ranks.
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