Real Estate Investing in Cartwright, North Dakota (59221)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59221 (Cartwright, 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: 19.8% 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 Cartwright, ND (59221)?
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Market Analysis: 59221 Cartwright
ZIP 59221 inside McKenzie County looks affordable on the surface — median value of $282K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 59221 is durable only for operators who understand what they are buying. A $282K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 59221 sits on the difficult end of the ND spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 59221 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 59221 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cartwright:
Property Strategy for 59221
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $210,166 | $1,540 | 5.3% | +3.8% | $105,083 |
| 3BR | $301,731 | $1,860 | 4.4% | +5.6% | $100,577 |
Market Trends
Home Value History (with trend line)
📊 How Does 59221 Compare?
| Metric | 59221 | Cartwright | North Dakota |
|---|---|---|---|
| Home Value | $282,381 | $141,190 | $278,677 |
| 5-Year CAGR | 2.7% | 2.7% | 3.7% |
| Avg Rent | $1,386 | $1,386 | - |
| Cap Rate | 3.8% | 3.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59221 (Cartwright, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $282,381 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 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 (3.8%). 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 59221
Population: 1,878
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 59221
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
Are renters plentiful in Cartwright, ND?
Working renters make up the core of the Cartwright, ND tenant base. The pool is reasonable for investors targeting long-term holds.
Is Cartwright, ND good for landlords?
Cartwright, ND falls under ND landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical home price in Cartwright, ND?
Homes in Cartwright, ND typically sell near $282K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Can owner-occupants cash flow in Cartwright, ND?
Cartwright, ND offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,386/mo rent level.
What is the typical vacancy rate in Cartwright, ND?
Cartwright, ND vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 59221 now. You don’t know where it ranks.
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