Real Estate Investing in South Heart, North Dakota (58655)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58655 (South Heart, 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: 12.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 34.6 — hard to cash-flow at these prices.
• 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 South Heart, ND (58655)?
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Market Analysis: 58655 South Heart
The 58655 ZIP in South Heart, ND is a local-operator market. Outside capital chasing a $344K entry has to pair deep knowledge with the discount.
Rent of $828/mo on a $344K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58655 sits below the stated 0.0% once reality is priced in.
The gap between 58655 and stronger South Heart ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
In practical terms, 644 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 58655 is an operator game, not a passive one. On balance, entry prices of $344K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in South Heart:
Market Trends
Home Value History (with trend line)
📊 How Does 58655 Compare?
| Metric | 58655 | South Heart | Dickinson, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $344,116 | $344,116 | N/A | $278,677 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 3.7% |
| Avg Rent | $828 | $828 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58655 (South Heart, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $344,116 |
| Monthly Rent | $828 |
| Price-to-Rent | 34.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 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 (1.9%). 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 58655
Population: 644
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 58655
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
What price range are homes in South Heart, ND?
The median home value in South Heart, ND is roughly $344K. That puts it reasonable relative to the ND statewide average.
Should investors consider South Heart, ND?
The 3.0/5 investability rating in South Heart, ND reflects its $344K prices and $828/mo rents. Investors generally consider it a solid option within ND.
Is rental property easy to operate in South Heart, ND?
Landlord-friendliness in South Heart, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Where do rents currently stand in South Heart, ND?
Investors in South Heart, ND typically see rents near $828/mo per month against $344K home values - a solid setup for rental cash flow.
Can owner-occupants cash flow in South Heart, ND?
South Heart, ND offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $828/mo rent level.
You know 58655 now. You don’t know where it ranks.
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How 58655 ranks in Dickinson, ND
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