Real Estate Investing in Richardton, North Dakota (58652)
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Should you buy in 58652 (Richardton, 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: 26.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.2 — 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 Richardton, ND (58652)?
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Market Analysis: 58652 Richardton
The 58652 ZIP in Richardton, ND is a local-operator market. Outside capital chasing a $260K entry has to pair deep knowledge with the discount.
For an experienced owner, 58652 can be a a viable market for hunting ground — but the discount at $260K reflects genuine risk that outside investors often underestimate.
On balance, 58652 offers a low basis, the region around Richardton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 58652 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 58652 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Richardton:
Market Trends
Home Value History (with trend line)
📊 How Does 58652 Compare?
| Metric | 58652 | Richardton | Dickinson, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $260,320 | $260,320 | N/A | $278,677 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 3.7% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58652 (Richardton, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,320 |
| Monthly Rent | $828 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 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 (2.5%). 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 58652
Population: 1,224
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 58652
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
Does Richardton, ND make sense for an investment property?
The 3.0/5 investability rating in Richardton, ND reflects its $260K prices and $828/mo rents. Investors generally consider it a solid option within ND.
How strong is the working-renter base in Richardton, ND?
Tenant demand in Richardton, ND is solid. The local workforce $828/mo rents across most rental classes.
What is the typical rental rate in Richardton, ND?
Investors in Richardton, ND typically see rents near $828/mo per month against $260K home values - a solid setup for rental cash flow.
How do experienced investors play Richardton, ND?
The best-fit strategy in Richardton, ND is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical vacancy rate in Richardton, ND?
Occupancy in Richardton, ND runs even-keeled with elevated vacancy. Well-priced units at $828/mo lease on reasonable timelines.
You know 58652 now. You don’t know where it ranks.
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How 58652 ranks in Dickinson, ND
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