North Dakota — Rental Investment Markets
All North Dakota metros ranked by cap rate. Median cap rate: 2.7%, median home price: $327,317.
Median Cap Rate
2.7%
Median Home Price
$327,317
Median Rent
$1,350/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | Grand Forks, ND | 3.1% | -$780/mo | $280,006 | $1,350/mo | 🔴 WEAK |
| 2 | Fargo, ND | 3.0% | -$777/mo | $271,018 | $1,280/mo | 🔴 WEAK |
| 3 | Harwood, ND | 2.7% | -$1,298/mo | $413,484 | $1,815/mo | 🔴 WEAK |
| 4 | Bismarck, ND | 2.3% | -$1,115/mo | $327,317 | $1,395/mo | 🔴 WEAK |
| 5 | Horace, ND | 1.3% | -$1,740/mo | $413,914 | $1,280/mo | 🔴 POOR |