Real Estate Investing in Killdeer, North Dakota (58640)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58640 (Killdeer, 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: 28.1% 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 Killdeer, ND (58640)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58640 Killdeer
ZIP 58640 inside Dunn County looks affordable on the surface — median value of $280K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 58640 is resilient only for operators who understand what they are buying. A $280K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 58640 among ND's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 58640 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 58640 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 Killdeer:
Market Trends
Home Value History (with trend line)
📊 How Does 58640 Compare?
| Metric | 58640 | Killdeer | North Dakota |
|---|---|---|---|
| Home Value | $279,562 | $279,562 | $278,677 |
| 5-Year CAGR | 4.2% | 4.2% | 3.7% |
| Avg Rent | $1,098 | $1,098 | - |
| 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 58640 (Killdeer, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $279,562 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (3.1%). 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 58640
Population: 1,324
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 58640
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 it easy to find good tenants in Killdeer, ND?
The renter base in Killdeer, ND is reasonable for the $1,098/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Is Killdeer, ND a good market for FHA house hackers?
Killdeer, ND is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $280K price point reasonable to enter.
What is the median home value in Killdeer, ND?
Expect median prices around $280K in Killdeer, ND. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How much do tenants pay in Killdeer, ND?
Expect rents around $1,098/mo per month in Killdeer, ND. With home values at $280K, the yield math works out to reasonable levels for rental investors.
How strict are landlord regulations in Killdeer, ND?
Rental owners in Killdeer, ND deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 58640 now. You don’t know where it ranks.
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