Real Estate Investing in Minot, North Dakota (58703)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58703 (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: 10.8% vacancy may signal weakening demand.
What’s happening in Minot, ND (58703)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58703 Minot
ZIP 58703 inside Ward County looks affordable on the surface — median value of $273K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 58703 can be a a solid fit for hunting ground — but the discount at $273K reflects genuine risk that outside investors often underestimate.
The gap between 58703 and stronger Minot ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 58703 includes headwinds that any investor should price in. Income distribution skews lower than Minot averages, and tenant stability requires active management.
New investors are better served looking at Minot's stable or hybrid ZIPs before stepping into 58703. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Minot:
Property Strategy for 58703
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,192 | $1,160 | 4.9% | +5.8% | $86,096 |
| 3BR | $255,360 | $1,610 | 4.5% | +5.6% | $85,120 |
| 4BR | $314,870 | $1,950 | 4.5% | +3.8% | $78,718 |
| 5BR | $411,379 | — | — | +3.1% | $82,276 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58703 Compare?
| Metric | 58703 | Minot | Minot, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $273,423 | $188,616 | N/A | $278,677 |
| 5-Year CAGR | 5.8% | 5.8% | N/A | 3.7% |
| Avg Rent | $1,145 | $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 58703 (Minot, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,423 |
| Monthly Rent | $1,145 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +1.0% ▲ |
🏠 Rent Trends
| 1-Year | +14.4% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +7.2% ▲ |
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 58703
Population: 22,604
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 58703
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 are vacancy rates like in Minot, ND?
Minot, ND vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the best play in Minot, ND?
In Minot, ND the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $273K prices and $1,145/mo rents suits that approach.
How strong is tenant demand in Minot, ND?
Tenant quality in Minot, ND ranks as solid. Landlords generally report steady occupancy at market rents of $1,145/mo.
What is it like being a landlord in Minot, ND?
For rental operators, Minot, ND rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the investability score for Minot, ND?
Investors tracking Minot, ND will find a 3.0/5 rating supported by $273K median home values and $1,145/mo rents. That profile suits long-term holders targeting reliable returns.
You know 58703 now. You don’t know where it ranks.
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How 58703 ranks in Minot, ND
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