Real Estate Investing in Bismarck, North Dakota (58503)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58503 (Bismarck, 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.
- High price-to-rent: Price-to-rent ratio 25.6 — hard to cash-flow at these prices.
What’s happening in Bismarck, ND (58503)?
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Market Analysis: 58503 Bismarck
Investors eyeing 58503 need to respect the fundamentals at play. Home values of $466K come alongside slower price movement and elevated management overhead.
For an experienced owner, 58503 can be a a credible choice for hunting ground — but the discount at $466K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 58503 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 58503 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 58503 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 Bismarck:
Property Strategy for 58503
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $269,944 | $1,310 | 3.5% | +4.8% | $134,972 |
| 3BR | $403,616 | $1,820 | 3.2% | +5.3% | $134,539 |
| 4BR | $461,043 | $2,100 | 3.3% | +5.2% | $115,261 |
| 5BR | $503,627 | — | — | +5.2% | $100,725 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58503 Compare?
| Metric | 58503 | Bismarck | Bismarck, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $465,721 | $162,700 | N/A | $278,677 |
| 5-Year CAGR | 5.0% | 5.2% | N/A | 3.7% |
| Avg Rent | $1,514 | $1,350 | N/A | - |
| Cap Rate | 2.5% | 2.8% | - | - |
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 58503 (Bismarck, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $465,721 |
| Monthly Rent | $1,514 |
| Price-to-Rent | 25.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | -10.5% ▼ |
| 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 58503
Population: 37,081
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 58503
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 955 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Bismarck, ND?
Investors in Bismarck, ND typically see rents near $1,514/mo per month against $466K home values - a solid setup for rental cash flow.
Where do home prices stand in Bismarck, ND?
Bismarck, ND median home values land near $466K. That is reasonable territory for investors looking at $1,514/mo-per-month rentals.
How high is vacancy risk in Bismarck, ND?
Bismarck, ND carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,514/mo.
Is Bismarck, ND a friendly market for rental owners?
Bismarck, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Bismarck, ND a good market for buy-and-hold investors?
Investors tracking Bismarck, ND will find a 3.0/5 rating supported by $466K median home values and $1,514/mo rents. That profile suits long-term holders targeting measured returns.
You know 58503 now. You don’t know where it ranks.
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How 58503 ranks in Bismarck, ND
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