Real Estate Investing in Kenmare, North Dakota (58746)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58746 (Kenmare, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 24.1% 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 Kenmare, ND (58746)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58746 Kenmare
The 58746 ZIP in Kenmare, ND is a local-operator market. Outside capital chasing a $246K entry has to pair deep knowledge with the discount.
Rent of $846/mo on a $246K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58746 sits below the stated 0.0% once reality is priced in.
Within ND, ZIP 58746 trails on several market indicators that neighboring Ward County submarkets outperform. The gap is real and substantial enough to shape underwriting.
The 58746 ZIP's population of 1,583 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 58746 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 Kenmare:
Market Trends
Home Value History (with trend line)
📊 How Does 58746 Compare?
| Metric | 58746 | Kenmare | Minot, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $246,005 | $246,005 | N/A | $278,677 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 3.7% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
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 58746 (Kenmare, ND). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 58746 (Kenmare, ND)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $246,005 |
| Monthly Rent | $846 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +0.6% ▲ |
🏠 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 (2.7%). 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 58746
Population: 1,583
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 58746
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 does a house cost in Kenmare, ND?
Homes in Kenmare, ND typically sell near $246K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Does Kenmare, ND favor landlords or tenants?
Kenmare, ND operates under ND law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Can I house hack in Kenmare, ND?
Kenmare, ND offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
Where do rents currently stand in Kenmare, ND?
Investors in Kenmare, ND typically see rents near $846/mo per month against $246K home values - a solid setup for rental cash flow.
Is real estate in Kenmare, ND a good investment right now?
Kenmare, ND rates 3.0/5 for investability. With median values at $246K and rents near $846/mo, the market offers reasonable fundamentals for rental investors.
You know 58746 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58746 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 58746 ranks in Minot, ND
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 58746 (Kenmare)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 58746 (Kenmare, ND).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.