Real Estate Investing in Belfield, North Dakota (58622)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58622 (Belfield, 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: 27.4% 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 Belfield, ND (58622)?
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Market Analysis: 58622 Belfield
ZIP 58622 in Belfield, ND carries a solid set of headwinds. Home values near $259K and rents of $1,035/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 58622 can be a a credible choice for hunting ground — but the discount at $259K reflects genuine risk that outside investors often underestimate.
In practical terms, 58622 offers a low basis, the region around Belfield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 58622 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 58622 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 Belfield:
Market Trends
Home Value History (with trend line)
📊 How Does 58622 Compare?
| Metric | 58622 | Belfield | Dickinson, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $258,648 | $258,648 | N/A | $278,677 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 3.7% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58622 (Belfield, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $258,648 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +2.4% ▲ |
🏠 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 58622
Population: 1,650
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 58622
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
How much is rent in Belfield, ND?
Rents in Belfield, ND run near $1,035/mo. Compared with median home prices of $259K that produces solid gross yields for typical rentals.
What kind of tenants rent in Belfield, ND?
Tenant quality in Belfield, ND ranks as solid. Landlords generally report consistent occupancy at market rents of $1,035/mo.
What strategy should investors use in Belfield, ND?
Investors usually favor careful cash-flow rentals with hands-on management in Belfield, ND. With home values at $259K and rents near $1,035/mo, other strategies can work but produce stable rather than outsized returns.
What is it like being a landlord in Belfield, ND?
ND ranks as a landlord-friendly state for landlord-tenant law. Belfield generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of market is Belfield, ND for investors?
Our data puts Belfield, ND at 3.0/5 for investability. Home prices of $259K and rents around $1,035/mo create a solid backdrop for investor activity.
You know 58622 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58622 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 58622 ranks in Dickinson, ND
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