Real Estate Investing in Alexander, North Dakota (58831)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58831 (Alexander, ND)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 28.0% 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 Alexander, ND (58831)?
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Market Analysis: 58831 Alexander
This part of McKenzie is not an easy win. The 58831 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 58831 comes in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader ND picture, 58831 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 58831 includes headwinds that any investor should price in. Income distribution skews lower than Alexander averages, and tenant stability requires active management.
The right play in 58831 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Alexander:
Market Trends
Home Value History (with trend line)
📊 How Does 58831 Compare?
| Metric | 58831 | Alexander | North Dakota |
|---|---|---|---|
| Home Value | $336,281 | $336,281 | $278,677 |
| 5-Year CAGR | N/A | N/A | 3.7% |
| Avg Rent | $1,233 | $1,233 | - |
| 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 58831 (Alexander, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $336,281 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | N/A |
| 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 (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 58831
Population: 1,100
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 58831
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 housing expensive in Alexander, ND?
Alexander, ND home values average about $336K. That price point suits investors targeting rentals with $1,233/mo in monthly income.
How deep is the rental pool in Alexander, ND?
Expect a solid tenant pool in Alexander, ND. The rental market absorbs $1,233/mo rents without meaningful friction.
Is Alexander, ND good for landlords?
Alexander, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Does house hacking work in Alexander, ND?
House hacking in Alexander, ND is reasonable to execute. Prices around $336K and rents of $1,233/mo solid owner-occupant economics.
Is vacancy a concern in Alexander, ND?
Expect elevated vacancy in Alexander, ND. Rents at $1,233/mo are absorbed by the tenant base without meaningful lag.
You know 58831 now. You don’t know where it ranks.
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