Real Estate Investing in Surrey, North Dakota (58785)
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Should you buy in 58785 (Surrey, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Surrey, ND (58785)?
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Market Analysis: 58785 Surrey
The 58785 ZIP in Surrey, ND is a local-operator market. Outside capital chasing a $346K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 58785 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 58785's metrics run below Ward County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A sturdy renter share of 3% in 58785 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 58785 is an operator game, not a passive one. On balance, entry prices of $346K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Surrey:
Market Trends
Home Value History (with trend line)
📊 How Does 58785 Compare?
| Metric | 58785 | Surrey | Minot, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $345,864 | $345,864 | N/A | $278,677 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 3.7% |
| Avg Rent | $1,269 | $1,269 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58785 (Surrey, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $345,864 |
| Monthly Rent | $1,269 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +0.5% ▲ |
🏠 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 (2.9%). 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 58785
Population: 1,729
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 58785
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
How expensive is real estate in Surrey, ND?
The median home value in Surrey, ND is roughly $346K. That puts it reasonable relative to the ND statewide average.
Are renters plentiful in Surrey, ND?
Surrey, ND draws a stable base of working renters. Demand at the $1,269/mo rent level is reasonable for standard single-family and small multi rentals.
Where do rents currently stand in Surrey, ND?
The typical rental in Surrey, ND commands about $1,269/mo monthly. That rent profile measured cash flow against the $346K purchase basis.
Can owner-occupants cash flow in Surrey, ND?
Surrey, ND offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,269/mo rent level.
How landlord-friendly is Surrey, ND?
Landlord-friendliness in Surrey, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 58785 now. You don’t know where it ranks.
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How 58785 ranks in Minot, ND
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