Real Estate Investing in Hazen, North Dakota (58545)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58545 (Hazen, 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: 24.0% 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 Hazen, ND (58545)?
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Market Analysis: 58545 Hazen
ZIP 58545 inside Mercer looks affordable on the surface — median value of $257K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 58545 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Put differently, 58545 offers a low basis, the region around Hazen has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A healthy renter share of 19% in 58545 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 58545 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 Hazen:
Market Trends
Home Value History (with trend line)
📊 How Does 58545 Compare?
| Metric | 58545 | Hazen | North Dakota |
|---|---|---|---|
| Home Value | $257,167 | $257,167 | $278,677 |
| 5-Year CAGR | 3.7% | 3.7% | 3.7% |
| Avg Rent | $1,062 | $1,062 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58545 (Hazen, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $257,167 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +1.2% ▲ |
🏠 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 (3.2%). 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 58545
Population: 3,278
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 58545
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
Is Hazen, ND good for landlords?
Hazen, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical vacancy rate in Hazen, ND?
Hazen, ND vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What type of investing works in Hazen, ND?
Investors usually favor careful cash-flow rentals with hands-on management in Hazen, ND. With home values at $257K and rents near $1,062/mo, other strategies can work but produce measured rather than outsized returns.
Is house hacking profitable in Hazen, ND?
House hacking works a challenging in Hazen, ND. Rents of $1,062/mo against $257K acquisition make the strategy solid for owner-occupants.
Are tenants stable in Hazen, ND?
Hazen, ND draws a stable base of working renters. Demand at the $1,062/mo rent level is reasonable for standard single-family and small multi rentals.
You know 58545 now. You don’t know where it ranks.
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