Real Estate Investing in Bismarck, North Dakota (58504)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58504 (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.
No major risk flags on the data we track.
What’s happening in Bismarck, ND (58504)?
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Market Analysis: 58504 Bismarck
ZIP 58504 inside Burleigh County looks affordable on the surface — median value of $363K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 58504 is substantial only for operators who understand what they are buying. A $363K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader ND picture, 58504 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 58504 ZIP's population of 30,159 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Experienced landlords with local relationships tend to find 58504 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bismarck:
Property Strategy for 58504
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $251,218 | $1,140 | 3.3% | +5.2% | $125,609 |
| 3BR | $327,686 | $1,590 | 3.5% | +5.3% | $109,229 |
| 4BR | $374,015 | $1,830 | 3.5% | +5.2% | $93,504 |
| 5BR | $380,930 | — | — | +5.6% | $76,186 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58504 Compare?
| Metric | 58504 | Bismarck | Bismarck, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $362,669 | $162,700 | N/A | $278,677 |
| 5-Year CAGR | 5.1% | 5.2% | N/A | 3.7% |
| Avg Rent | $1,520 | $1,350 | N/A | - |
| Cap Rate | 3.3% | 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 58504 (Bismarck, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $362,669 |
| Monthly Rent | $1,520 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 Rent Trends
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 58504
Population: 30,159
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 58504
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 vacancy rate in Bismarck, ND?
Bismarck, ND vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do landlord-tenant laws work in Bismarck, ND?
ND ranks as a landlord-friendly state for landlord-tenant law. Bismarck generally follows the statewide framework, so landlords face reasonable operating rules.
Where do rents currently stand in Bismarck, ND?
The typical rental in Bismarck, ND commands about $1,520/mo monthly. That rent profile even-keeled cash flow against the $363K purchase basis.
What investment strategy works best in Bismarck, ND?
In Bismarck, ND the notable play is typically careful cash-flow rentals with hands-on management. The combination of $363K prices and $1,520/mo rents suits that approach.
How strong is Bismarck, ND for real estate investors?
Bismarck, ND rates 3.0/5 for investability. With median values at $363K and rents near $1,520/mo, the market offers reasonable fundamentals for rental investors.
You know 58504 now. You don’t know where it ranks.
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How 58504 ranks in Bismarck, ND
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