Real Estate Investing in New Salem, North Dakota (58563)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58563 (New Salem, 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.
- High vacancy: 21.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Salem, ND (58563)?
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Market Analysis: 58563 New Salem
ZIP 58563 in New Salem, ND carries a notable set of headwinds. Home values near $235K and rents of $855/mo sit inside a market where underwriting has to be tight.
Rent of $855/mo on a $235K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58563 sits below the stated 0.0% once reality is priced in.
ZIP 58563's metrics run below Morton County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 58563 includes headwinds that any investor should price in. Income distribution skews lower than New Salem averages, and tenant stability requires active management.
Strategically, 58563 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 New Salem:
Market Trends
Home Value History (with trend line)
📊 How Does 58563 Compare?
| Metric | 58563 | New Salem | Bismarck, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $235,476 | $235,476 | N/A | $278,677 |
| 5-Year CAGR | 2.4% | 2.4% | N/A | 3.7% |
| Avg Rent | $855 | $855 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58563 (New Salem, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,476 |
| Monthly Rent | $855 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 5.2% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +2.3% ▲ |
🏠 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 (2.8%). 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 58563
Population: 1,850
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 58563
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.
Frequently Asked Questions
Are homes affordable in New Salem, ND?
New Salem, ND home values average about $235K. That price point suits investors targeting rentals with $855/mo in monthly income.
Is New Salem, ND suited for a house hack?
The a challenging house-hack environment in New Salem, ND reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do landlord-tenant laws work in New Salem, ND?
ND law landlord-friendly for landlords, and New Salem inherits those rules. Investors should still review local ordinances for rental licensing.
What do rentals go for in New Salem, ND?
Rental rates in New Salem, ND average $855/mo. Tenant demand and $235K home values make the yield look reasonable by investor standards.
What kind of market is New Salem, ND for investors?
Investors tracking New Salem, ND will find a 3.0/5 rating supported by $235K median home values and $855/mo rents. That profile suits long-term holders targeting consistent returns.
You know 58563 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58563 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 58563 ranks in Bismarck, ND
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