Real Estate Investing in Dickinson, North Dakota (58601)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58601 (Dickinson, 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: 12.6% of homes vacant — above national norms.
What’s happening in Dickinson, ND (58601)?
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Market Analysis: 58601 Dickinson
Meanwhile, ZIP 58601 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $334K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $334K asset, 58601 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 58601's metrics run below Stark County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 58601 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 58601 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 Dickinson:
Property Strategy for 58601
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $136,270 | $880 | 4.6% | +3.8% | $136,270 |
| 2BR | $209,797 | $1,060 | 3.6% | +5.2% | $104,899 |
| 3BR | $280,960 | $1,470 | 3.8% | +4.2% | $93,653 |
| 4BR | $352,278 | $1,780 | 3.6% | +4.1% | $88,070 |
| 5BR | $414,815 | — | — | +4.6% | $82,963 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58601 Compare?
| Metric | 58601 | Dickinson | Dickinson, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $334,363 | $334,363 | N/A | $278,677 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 3.7% |
| Avg Rent | $1,275 | $1,275 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 58601 (Dickinson, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $334,363 |
| Monthly Rent | $1,275 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +6.6% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +2.1% ▲ |
🏠 Rent Trends
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 58601
Population: 29,680
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 58601
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
Frequently Asked Questions
How strong is Dickinson, ND for real estate investors?
Dickinson, ND rates 3.0/5 for investability. With median values at $334K and rents near $1,275/mo, the market offers reasonable fundamentals for rental investors.
Do rentals sit vacant long in Dickinson, ND?
Rental vacancy in Dickinson, ND is elevated. Investors should budget normal turnover but not chronic empty units.
How do experienced investors play Dickinson, ND?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Dickinson, ND. The numbers - $334K homes against $1,275/mo rents - support that play.
Are tenants stable in Dickinson, ND?
Dickinson, ND draws a even-keeled base of working renters. Demand at the $1,275/mo rent level is reasonable for standard single-family and small multi rentals.
How much rent can I charge in Dickinson, ND?
Rents in Dickinson, ND run near $1,275/mo. Compared with median home prices of $334K that produces solid gross yields for typical rentals.
You know 58601 now. You don’t know where it ranks.
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How 58601 ranks in Dickinson, ND
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