Real Estate Investing in Bismarck, North Dakota (58501)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58501 (Bismarck, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 25.5 — hard to cash-flow at these prices.
What’s happening in Bismarck, ND (58501)?
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Market Analysis: 58501 Bismarck
Not every below-median market is a bargain. Bismarck's 58501 ZIP reflects signals that favor experienced operators who can absorb the risk $311K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 58501 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 58501 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 58501 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 58501 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 58501
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $130,984 | $1,000 | 5.5% | +6.8% | $130,984 |
| 2BR | $195,764 | $1,140 | 4.2% | +4.9% | $97,882 |
| 3BR | $276,972 | $1,590 | 4.1% | +5.3% | $92,324 |
| 4BR | $304,289 | $1,830 | 4.3% | +5.1% | $76,072 |
| 5BR | $315,151 | — | — | +4.9% | $63,030 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58501 Compare?
| Metric | 58501 | Bismarck | Bismarck, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $310,510 | $162,700 | N/A | $278,677 |
| 5-Year CAGR | 5.5% | 5.2% | N/A | 3.7% |
| Avg Rent | $1,015 | $1,350 | N/A | - |
| Cap Rate | 2.6% | 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 58501 (Bismarck, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $310,510 |
| Monthly Rent | $1,015 |
| Price-to-Rent | 25.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +9.1% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 Rent Trends
| 1-Year | -1.6% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 58501
Population: 28,571
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 58501
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
Is housing expensive in Bismarck, ND?
Bismarck, ND home values average about $311K. That price point suits investors targeting rentals with $1,015/mo in monthly income.
Is rental property easy to operate in Bismarck, ND?
Landlord-friendliness in Bismarck, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Which real estate strategy fits Bismarck, ND?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bismarck, ND. The numbers - $311K homes against $1,015/mo rents - support that play.
Does a duplex house hack pencil in Bismarck, ND?
The a challenging house-hack environment in Bismarck, ND reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is Bismarck, ND a good place for real estate investing?
Yes - Bismarck, ND a 3.0/5 investability score. With $311K home prices against $1,015/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 58501 now. You don’t know where it ranks.
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How 58501 ranks in Bismarck, ND
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