Real Estate Investing in Towner, North Dakota (58788)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58788 (Towner, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 25.2% of homes vacant — above national norms.
• 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 Towner, ND (58788)?
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Market Analysis: 58788 Towner
The 58788 ZIP covers a section of Towner that demands careful diligence. Prices near $138K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 58788 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On the rental side, 58788 offers a low basis, the region around Towner has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 58788 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 58788 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 Towner:
Market Trends
Home Value History (with trend line)
📊 How Does 58788 Compare?
| Metric | 58788 | Towner | Minot, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $137,526 | $137,526 | N/A | $278,677 |
| 5-Year CAGR | N/A | N/A | N/A | 3.7% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58788 (Towner, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $137,526 |
| Monthly Rent | $936 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | -5.6% ▼ |
| 5-Year CAGR | N/A |
| 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 (5.3%). 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 58788
Population: 803
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 58788
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
Is Towner, ND a good market for buy-and-hold investors?
Investors tracking Towner, ND will find a 2.0/5 rating supported by $138K median home values and $936/mo rents. That profile suits long-term holders targeting even-keeled returns.
What approach is best for Towner, ND real estate?
The best-fit strategy in Towner, ND is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical rental rate in Towner, ND?
The typical rental in Towner, ND commands about $936/mo monthly. That rent profile reliable cash flow against the $138K purchase basis.
What is the typical vacancy rate in Towner, ND?
Occupancy in Towner, ND runs even-keeled with elevated vacancy. Well-priced units at $936/mo lease on reasonable timelines.
How landlord-friendly is Towner, ND?
The landlord environment in Towner, ND is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 58788 now. You don’t know where it ranks.
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How 58788 ranks in Minot, ND
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