Real Estate Investing in Spiritwood, North Dakota (58481)
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Should you buy in 58481 (Spiritwood, 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.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 26.2 — hard to cash-flow at these prices.
• 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 Spiritwood, ND (58481)?
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Market Analysis: 58481 Spiritwood
The 58481 ZIP covers a section of Spiritwood that demands careful diligence. Prices near $246K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 58481 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 58481 offers a low basis, the region around Spiritwood has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 58481 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. solid returns are possible in 58481, 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 Spiritwood:
Market Trends
Home Value History (with trend line)
📊 How Does 58481 Compare?
| Metric | 58481 | Spiritwood | Jamestown, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $246,461 | $246,461 | N/A | $278,677 |
| 5-Year CAGR | N/A | N/A | N/A | 3.7% |
| Avg Rent | $783 | $783 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58481 (Spiritwood, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $246,461 |
| Monthly Rent | $783 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 3.4% |
📈 Home Appreciation
| 1-Year | +0.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (2.5%). 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 58481
Population: 153
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the typical home price in Spiritwood, ND?
In Spiritwood, ND the median home value sits at $246K. Against the broader ND market, that reads as reasonable for most investors.
How deep is the rental pool in Spiritwood, ND?
Expect a solid tenant pool in Spiritwood, ND. The rental market absorbs $783/mo rents without meaningful friction.
Does Spiritwood, ND favor landlords or tenants?
Spiritwood, ND operates under ND law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Does house hacking make sense in Spiritwood, ND?
House hacking in Spiritwood, ND is reasonable to execute. Prices around $246K and rents of $783/mo solid owner-occupant economics.
How should investors approach Spiritwood, ND?
Most investors in Spiritwood, ND run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
You know 58481 now. You don’t know where it ranks.
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