Real Estate Investing in Oakes, North Dakota (58474)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58474 (Oakes, ND)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oakes, ND (58474)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58474 Oakes
The 58474 ZIP covers a section of Oakes that demands careful diligence. Prices near $195K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 58474 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within ND, ZIP 58474 trails on several market indicators that neighboring Dickey County submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 58474 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.
Distressed ZIPs reward experience. solid returns are possible in 58474, 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 Oakes:
Market Trends
Home Value History (with trend line)
📊 How Does 58474 Compare?
| Metric | 58474 | Oakes | North Dakota |
|---|---|---|---|
| Home Value | $195,065 | $195,065 | $278,677 |
| 5-Year CAGR | 3.1% | 3.1% | 3.7% |
| Avg Rent | $783 | $783 | - |
| Cap Rate | 3.1% | 3.1% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58474 (Oakes, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $195,065 |
| Monthly Rent | $783 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +1.3% ▲ |
🏠 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 (3.1%). 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 58474
Population: 2,739
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 58474
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 do rentals go for in Oakes, ND?
Rental rates in Oakes, ND average $783/mo. Tenant demand and $195K home values make the yield look reasonable by investor standards.
Is Oakes, ND better for rentals, flips, or BRRRR?
Oakes, ND investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($195K prices, $783/mo rents) make it a reasonable choice.
How strict are landlord regulations in Oakes, ND?
Rental owners in Oakes, ND deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Oakes, ND good for house hacking?
The house hack math a challenging in Oakes, ND. Owner-occupant buyers benefit from the $783/mo rents and $195K home values.
How expensive is real estate in Oakes, ND?
The median home value in Oakes, ND is roughly $195K. That puts it reasonable relative to the ND statewide average.
You know 58474 now. You don’t know where it ranks.
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