Real Estate Investing in Velva, North Dakota (58790)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58790 (Velva, ND)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.0% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Velva, ND (58790)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58790 Velva
ZIP 58790 in Velva, ND carries a substantial set of headwinds. Home values near $219K and rents of $846/mo sit inside a market where underwriting has to be tight.
Rent of $846/mo on a $219K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58790 sits below the stated 0.0% once reality is priced in.
Turning to rents, 58790 offers a low basis, the region around Velva has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 58790 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, 58790 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 Velva:
Market Trends
Home Value History (with trend line)
📊 How Does 58790 Compare?
| Metric | 58790 | Velva | Minot, ND | North Dakota |
|---|---|---|---|---|
| Home Value | $218,918 | $218,918 | N/A | $278,677 |
| 5-Year CAGR | 0.0% | 0.0% | N/A | 3.7% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58790 (Velva, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,918 |
| Monthly Rent | $846 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 3.0% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +0.0% ▲ |
| 10-Year CAGR | -0.3% ▼ |
🏠 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 (3.0%). 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 58790
Population: 1,500
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 58790
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
Where do home prices stand in Velva, ND?
Velva, ND home values average about $219K. That price point suits investors targeting rentals with $846/mo in monthly income.
Does Velva, ND favor landlords or tenants?
Velva, ND operates under ND law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
Is it easy to find good tenants in Velva, ND?
Tenant demand in Velva, ND is solid. The local workforce $846/mo rents across most rental classes.
Are rents high in Velva, ND?
Rents in Velva, ND run near $846/mo. Compared with median home prices of $219K that produces solid gross yields for typical rentals.
What is the rental occupancy rate in Velva, ND?
Occupancy in Velva, ND runs consistent with elevated vacancy. Well-priced units at $846/mo lease on reasonable timelines.
You know 58790 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58790 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 58790 ranks in Minot, ND
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