Real Estate Investing in Mandan, North Dakota (58554)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58554 (Mandan, 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.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
What’s happening in Mandan, ND (58554)?
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Market Analysis: 58554 Mandan
Not every below-median market is a bargain. Mandan's 58554 ZIP sits at signals that favor experienced operators who can absorb the risk $353K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $353K asset, 58554 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 58554 and stronger Mandan ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 58554 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 58554 is an operator game, not a passive one. From an investor standpoint, entry prices of $353K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Mandan:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58554 Compare?
| Metric | 58554 | Mandan | Bismarck, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $352,797 | $352,797 | N/A | $278,677 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 3.7% |
| Avg Rent | $1,381 | $1,381 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 58554 (Mandan, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $352,797 |
| Monthly Rent | $1,381 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 58554
Population: 29,175
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 58554
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 smart move for investors in Mandan, ND?
In Mandan, ND the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $353K prices and $1,381/mo rents suits that approach.
How expensive is real estate in Mandan, ND?
Median home price in Mandan, ND is near $353K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
What do rentals go for in Mandan, ND?
Rental rates in Mandan, ND average $1,381/mo. Tenant demand and $353K home values make the yield look reasonable by investor standards.
Do landlords face vacancy issues in Mandan, ND?
Rental vacancy in Mandan, ND is elevated. Investors should budget normal turnover but not chronic empty units.
What does house hacking look like in Mandan, ND?
The a challenging house-hack environment in Mandan, ND reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
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How 58554 ranks in Bismarck, ND
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