North Dakota real estate market
Rental Property Investment in North Dakota
Where investors buy in North Dakota, what the state's taxes and landlord law do to a rental's return, and how to rank every listing in a ND ZIP code by cash-on-cash return.
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North Dakota rental market at a glance
| Measure | North Dakota |
|---|---|
| Population | 779,000 |
| Median home price | $280,000 |
| Average rent | $1,150 |
| Cash-on-cash range investors target | 7-10% |
| State income tax | State income tax (1.1-2.9%) |
| Landlord-friendliness | High |
Statewide figures. The metros below vary widely; confirm the price, the rent and the tax bill for the specific ZIP code before you offer.
Top investment markets in North Dakota
The North Dakota metros investors analyze most, with the figures that decide a first screen. Open any of them for neighborhoods, ZIP codes and trends.
Why invest in North Dakota rental properties
What investors like about North Dakota
- Low unemployment and strong economy
- Oil industry supports western ND markets
- Fargo growing tech and healthcare sectors
- Landlord-friendly regulations
- Low competition from investors
What North Dakota does to a rental's return
How to find profitable rentals in North Dakota
Enter a ZIP code in ND
Pick the ZIP, property type and unit mix you want to buy in North Dakota, plus a price ceiling.Set your financing and expense assumptions
Down payment, rate and term, with vacancy, maintenance and management percentages you can change later.Read the ranked list
Every listing in the ZIP gets a rent estimate from nearby comparables and is ranked by cash-on-cash return, in map, grid or table view.Open the deals worth your time
Any listing opens into the full analysis: every expense line, multi-year projections, loan and equity, rental comparables and a written AI verdict.
Every listing in the ZIP on the map with its rank, beside the AI market insights for the search.
Example uses public listing data for illustration. See disclaimer.
Metrics calculated for every North Dakota property
| Metric | The question it answers |
|---|---|
| Cash-on-cash return | What the deal pays each year on the cash you put in |
| Cap rate | What the property earns before financing, for comparing across markets |
| Monthly cash flow | What is left after the mortgage and every operating expense |
| Total ROI | Cash flow plus appreciation, on the cash invested |
| Gross rent multiplier | Price divided by annual rent: the fastest sanity check on a listing |
| Rent-to-price ratio | The 1% rule, computed for every listing |
| Debt service coverage ratio | Whether net operating income covers the mortgage, the lender's test |
| Cash needed to close | Down payment, closing costs and repairs before the first rent check |
Rent is estimated from nearby rental listings and shown with its confidence range. Every expense line is editable, so a real tax bill or insurance quote replaces the estimate. See how each metric is calculated.
Start finding profitable rentals in North Dakota
Enter any ND ZIP code, set your financing, and read every listing ranked by cash-on-cash return with the rent and expenses behind each number.
Rank the listings in North Dakota7-day free trial. Cancel anytime during the trial.
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