Real Estate Investing in Glen Ullin, North Dakota (58631)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58631 (Glen Ullin, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 37.6% of homes vacant — above national norms.
- Declining values: 0.0% 5-year CAGR — values have moved lower.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Glen Ullin, ND (58631)?
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Market Analysis: 58631 Glen Ullin
This part of Morton County is not an easy win. The 58631 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 58631 is resilient only for operators who understand what they are buying. A $148K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within ND, ZIP 58631 trails on several market indicators that neighboring Morton County submarkets outperform. The gap is real and durable enough to shape underwriting.
Employment concentration in 58631 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 58631 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Glen Ullin:
Market Trends
Home Value History (with trend line)
📊 How Does 58631 Compare?
| Metric | 58631 | Glen Ullin | Bismarck, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $147,548 | $147,548 | N/A | $278,677 |
| 5-Year CAGR | N/A | N/A | N/A | 3.7% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58631 (Glen Ullin, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $147,548 |
| Monthly Rent | $927 |
| Price-to-Rent | 13.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +19.8% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | 0.0% ▼ |
| 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 (4.9%). 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 58631
Population: 948
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 58631
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
Can owner-occupants cash flow in Glen Ullin, ND?
The a challenging house-hack environment in Glen Ullin, ND reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical renter like in Glen Ullin, ND?
The tenant pool in Glen Ullin, ND is solid, supported by local employment and population fundamentals. Rents of $927/mo are well-absorbed by the market.
How much does a house cost in Glen Ullin, ND?
Glen Ullin, ND home values average about $148K. That price point suits investors targeting rentals with $927/mo in monthly income.
Is Glen Ullin, ND a friendly market for rental owners?
The landlord environment in Glen Ullin, ND is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Where do rents currently stand in Glen Ullin, ND?
Glen Ullin, ND rentals go for roughly $927/mo a month. That puts gross yield in solid territory relative to $148K acquisition costs.
You know 58631 now. You don’t know where it ranks.
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How 58631 ranks in Bismarck, ND
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