Real Estate Investing in New Rockford, North Dakota (58356)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58356 (New Rockford, 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.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.9% of homes vacant — above national norms.
- Declining values: -3.8% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 3.4% 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 New Rockford, ND (58356)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58356 New Rockford
Investors eyeing 58356 need to respect the fundamentals at play. Home values of $112K come alongside slower price movement and elevated management overhead.
For an experienced owner, 58356 can be a a credible choice for hunting ground — but the discount at $112K reflects genuine risk that outside investors often underestimate.
ZIP 58356's metrics run below Eddy County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A notable renter share of 35% in 58356 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 58356 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 New Rockford:
Market Trends
Home Value History (with trend line)
📊 How Does 58356 Compare?
| Metric | 58356 | New Rockford | North Dakota |
|---|---|---|---|
| Home Value | $111,872 | $111,872 | $278,677 |
| 5-Year CAGR | N/A | N/A | 3.7% |
| Avg Rent | $828 | $828 | - |
| Cap Rate | 5.8% | 5.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58356 (New Rockford, ND). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 58356 (New Rockford, ND)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $111,872 |
| Monthly Rent | $828 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 2.0% |
📈 Home Appreciation
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | -2.9% ▼ |
| 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 (5.8%). 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 58356
Population: 1,692
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 58356
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
What real estate strategy is ideal for New Rockford, ND?
The best-fit strategy in New Rockford, ND is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How much rent can I charge in New Rockford, ND?
Average rent in New Rockford, ND is approximately $828/mo per month. Against $112K home values that yields a reasonable rent-to-price ratio.
How strong is tenant demand in New Rockford, ND?
The tenant pool in New Rockford, ND is solid, supported by local employment and population fundamentals. Rents of $828/mo are well-absorbed by the market.
Is New Rockford, ND a good market for FHA house hackers?
House hacking in New Rockford, ND is a challenging. With home values around $112K and rents at $828/mo, owner-occupants can offset a meaningful share of PITI.
How expensive is real estate in New Rockford, ND?
Homes in New Rockford, ND typically sell near $112K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
You know 58356 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58356 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.
AI Market Advisor
Ask questions about investing in 58356 (New Rockford)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 58356 (New Rockford, ND).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.