Real Estate Investing in Coleharbor, North Dakota (58531)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58531 (Coleharbor, ND)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 38.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 38.7 — 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 Coleharbor, ND (58531)?
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Market Analysis: 58531 Coleharbor
Investors eyeing 58531 need to respect the fundamentals at play. Home values of $376K come alongside slower price movement and elevated management overhead.
For an experienced owner, 58531 can be a worth a close look for hunting ground — but the discount at $376K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 58531 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 58531 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 58531 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Coleharbor:
Market Trends
Home Value History (with trend line)
📊 How Does 58531 Compare?
| Metric | 58531 | Coleharbor | North Dakota |
|---|---|---|---|
| Home Value | $375,949 | $301,092 | $278,677 |
| 5-Year CAGR | 3.9% | 3.9% | 3.7% |
| Avg Rent | $810 | $797 | - |
| Cap Rate | 1.7% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58531 (Coleharbor, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $375,949 |
| Monthly Rent | $810 |
| Price-to-Rent | 38.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 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 (1.7%). 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 58531
Population: 328
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
Frequently Asked Questions
What is the median home value in Coleharbor, ND?
Coleharbor, ND median home values land near $376K. That is reasonable territory for investors looking at $810/mo-per-month rentals.
How qualified is the tenant pool in Coleharbor, ND?
Coleharbor, ND draws a measured base of working renters. Demand at the $810/mo rent level is reasonable for standard single-family and small multi rentals.
Where do rents currently stand in Coleharbor, ND?
Rent in Coleharbor, ND is around $810/mo. The resulting rent-to-value relationship with $376K pricing is reasonable for most investor models.
What type of investing works in Coleharbor, ND?
Most investors in Coleharbor, 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.
What is it like being a landlord in Coleharbor, ND?
The landlord environment in Coleharbor, ND is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
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