Real Estate Investing in Minot, North Dakota (58701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58701 (Minot, 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.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
What’s happening in Minot, ND (58701)?
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Market Analysis: 58701 Minot
ZIP 58701 in Minot, ND carries a notable set of headwinds. Home values near $292K and rents of $1,231/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $292K asset, 58701 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader ND picture, 58701 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 58701 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 58701 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 Minot:
Property Strategy for 58701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $195,953 | $1,030 | 3.8% | +7.0% | $97,977 |
| 3BR | $275,668 | $1,430 | 3.7% | +5.7% | $91,889 |
| 4BR | $345,252 | $1,730 | 3.6% | +4.7% | $86,313 |
| 5BR | $446,251 | — | — | +4.8% | $89,250 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58701 Compare?
| Metric | 58701 | Minot | Minot, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $292,424 | $188,616 | N/A | $278,677 |
| 5-Year CAGR | 5.9% | 5.8% | N/A | 3.7% |
| Avg Rent | $1,231 | $1,188 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 58701 (Minot, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $292,424 |
| Monthly Rent | $1,231 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +1.7% ▲ |
🏠 Rent Trends
| 1-Year | +10.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 58701
Population: 32,868
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 58701
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 is the average monthly rent in Minot, ND?
The typical rental in Minot, ND commands about $1,231/mo monthly. That rent profile even-keeled cash flow against the $292K purchase basis.
How strong is the working-renter base in Minot, ND?
Tenant quality in Minot, ND ranks as solid. Landlords generally report consistent occupancy at market rents of $1,231/mo.
How does Minot, ND stack up for property investment?
With a 3.0/5 investability score, Minot, ND ranks as a solid market for rental property investors. Median prices of $292K and rents of $1,231/mo drive the underlying numbers.
Can I live-in-and-rent in Minot, ND?
Minot, ND offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,231/mo rent level.
Is vacancy a concern in Minot, ND?
Occupancy in Minot, ND runs consistent with elevated vacancy. Well-priced units at $1,231/mo lease on reasonable timelines.
You know 58701 now. You don’t know where it ranks.
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How 58701 ranks in Minot, ND
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