Real Estate Investing in Washburn, North Dakota (58577)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58577 (Washburn, 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.
- High vacancy: 16.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Washburn, ND (58577)?
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Market Analysis: 58577 Washburn
ZIP 58577 in Washburn, ND carries a impressive set of headwinds. Home values near $257K and rents of $801/mo sit inside a market where underwriting has to be tight.
The investment case in 58577 is substantial only for operators who understand what they are buying. A $257K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 58577 and stronger Washburn ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A impressive renter share of 28% in 58577 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 58577 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 Washburn:
Property Strategy for 58577
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $150,035 | $890 | 4.3% | — | $75,018 |
| 3BR | $239,344 | $1,240 | 3.7% | +4.2% | $79,781 |
| 4BR | $287,083 | $1,490 | 3.7% | +4.2% | $71,771 |
| 5BR | $315,208 | — | — | +3.5% | $63,042 |
Market Trends
Home Value History (with trend line)
📊 How Does 58577 Compare?
| Metric | 58577 | Washburn | North Dakota |
|---|---|---|---|
| Home Value | $256,935 | $256,935 | $278,677 |
| 5-Year CAGR | 4.2% | 4.2% | 3.7% |
| Avg Rent | $801 | $801 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 58577 (Washburn, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $256,935 |
| Monthly Rent | $801 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +2.6% ▲ |
🏠 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 (2.4%). 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 58577
Population: 1,908
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 58577
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
What are home prices like in Washburn, ND?
Median home price in Washburn, ND is near $257K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Is vacancy a concern in Washburn, ND?
Expect elevated vacancy in Washburn, ND. Rents at $801/mo are absorbed by the tenant base without meaningful lag.
Is rental property easy to operate in Washburn, ND?
Landlord-friendliness in Washburn, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Can I live-in-and-rent in Washburn, ND?
House hacking in Washburn, ND is a challenging. With home values around $257K and rents at $801/mo, owner-occupants can offset a meaningful share of PITI.
Are renters plentiful in Washburn, ND?
Washburn, ND draws a even-keeled base of working renters. Demand at the $801/mo rent level is reasonable for standard single-family and small multi rentals.
You know 58577 now. You don’t know where it ranks.
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