North Dakota
Opportunity ZoneNorth Dakota real estate investment market
Median Home Value
$280,510
Est. Cap Rate
2.6%
Based on rent yield × 65%
Vacancy Rate
13.3%
63% owner-occupied
Population
779K
Median income: $75,949
North Dakota Investment Analysis
North Dakota is a major metropolitan market with 779K residents and a median home value of $280,510. The 2.6% cap rate positions North Dakota as a premium appreciation market where equity growth drives returns. Strong 5.1% year-over-year appreciation signals continued demand — act before prices climb further. A healthy 37% renter population supports median rents of $934/month, providing reliable income streams for buy-and-hold investors. North Dakota's housing stock is 30% multifamily — indicating strong institutional investor interest and potential for 2-4 unit or small multifamily acquisitions.
Market Details
Housing Stock
375K units
Single-family: 214K
Multifamily: 112K (30.0%)
Investment Metrics
Gross Yield 4.0%
Cap Rate 2.6%
Price-to-Rent 25.0 (Favors renting)
Property Tax $2,392/yr
Demographics
Median Income $75,949
Median Age 35.7
Employment 98.3%
Home Value Trends
1-Year Appreciation +5.1%
3-Year Appreciation +10.5%
5-Year Appreciation +21.9%
Rental Market
$934/mo
Renter population: 36.6%
Lending Status
Not Available
$150K – $10M · Business purpose
Data sources: U.S. Census Bureau ACS 2023 5-Year Estimates · Zillow Home Value Index (Feb 2026) · USDV Capital analysis
Investor Resources — North Dakota
Key government departments and regulatory contacts for real estate investors
Contractor Licensing
North Dakota Secretary of State - Contractor Licensing
All contractors must be licensed through Secretary of State; online FirstStop Portal
Eviction Court
District Court
3-day notice to pay or quit; ~14-30 days total; eviction action in district court
Real Estate Commission
North Dakota Real Estate Commission
Mon-Fri 8:30am-5pm closed noon-1pm; Bismarck office
Top Counties in North Dakota
53 counties by population
Cass County
Burleigh County
Grand Forks County
Ward County
Williams County
Morton County
Stark County
Stutsman County
Top Cities in North Dakota
406 cities by population
| City | Population | Home Value | Cap Rate | |
|---|---|---|---|---|
| FargoCass County | 129K | $312,872 | 2.7% | View → |
| BismarckBurleigh County | 74K | $363,860 | 2.9% | View → |
| Grand ForksGrand Forks County | 59K | $286,976 | 3.3% | View → |
| MinotWard County | 48K | $269,511 | 2.9% | View → |
| West FargoCass County | 39K | $348,706 | 3.0% | View → |
| WillistonWilliams County | 28K | $360,975 | 2.8% | View → |
| DickinsonStark County | 25K | $315,324 | 3.1% | View → |
| MandanMorton County | 24K | $336,537 | 2.7% | View → |
| JamestownStutsman County | 16K | $212,729 | 3.6% | View → |
| WahpetonRichland County | 8K | $224,643 | 2.9% | View → |
| Devils LakeRamsey County | 7K | $238,203 | 2.2% | View → |
| Valley CityBarnes County | 7K | $197,685 | 3.0% | View → |
| Watford CityMcKenzie County | 6K | $374,113 | 2.5% | View → |
| Minot AFB | 5K | N/A | — | View → |
| LincolnBurleigh County | 4K | $304,388 | 3.1% | View → |
Top Neighborhoods in North Dakota
47 neighborhoods
North Dakota Investment Report
Comprehensive state market analysis
Get the Complete North Dakota Market Analysis
Make data-driven investment decisions with our comprehensive state report, including pricing trends, rental yields, and DSCR loan scenarios.
- Complete market data & demographics
- 5-year price appreciation trends
- Rental yield analysis by property type
- Investment opportunity score
- Comparable market benchmarks
- DSCR loan scenario modeling
Top 10 Counties in North Dakota for DSCR Investment
Our data team analyzed every countie in North Dakota to find the best opportunities for cash-flowing DSCR investments.
Top 10 Counties
North Dakota | DSCR Investment
Your Real Estate CFO
We don't work for one lender — we work for you. As your Real Estate CFO, we shop the full institutional market to structure the best capital solution for your North Dakota deal. Close in 28 days or we pay you $1,000.
$1.3B+
Transactions Advised
42
States Active
28 Days
Or $1,000 Guarantee
Flexible Financing for Every Deal
All products below are eligible for our 28-day close guarantee.
Bridge Loans
Short-term financing for acquisitions, refinancing, or repositioning
- 12-24 month terms
- Up to 80% LTV
- Interest-only payments
- Flexible prepayment
Fix & Flip
Fast funding for property renovation and resale
- 6-18 month terms
- Up to 90% of purchase + rehab
- Fast closings
- Interest-only payments
Ground-Up Construction
Financing for new development projects from land to completion
- 12-36 month terms
- Up to 90% of costs
- Progress-based draws
- Interest-only payments
DSCR Rental
Long-term financing for single-family rentals and portfolio acquisitions
- 5-30 year terms
- Up to 85% LTV
- Portfolio options
- No personal income docs
Larger Deals
Multifamily & Build-to-Rent
For multifamily and build-to-rent community financing up to $50M, we work directly with institutional capital partners on custom terms. These deals require a consultation — not a form.
Multifamily
Permanent and bridge financing for apartment buildings and complexes — 5 units and up.
- Up to $50M
- 5–30 year terms
- Up to 80% LTV
- Bridge and permanent options
- Interest-only available
Build-to-Rent Communities
Institutional financing for single-family rental community developments from land to stabilization.
- Up to $50M
- Construction through permanent
- Community-scale underwriting
- Progress-based draw schedule
- Custom closing timeline
Looking for 1-4 unit investment properties? Check out our standard lending products for DSCR, fix & flip, and bridge loans.
Your Real Estate CFO
We structure, source, and close financing for your investment properties. Let us help you capitalize on North Dakota opportunities.
48-Hour
Term Sheet
$150K-$10M
Loan Range
28-Day
Close Guarantee
$1,000 GUARANTEE
If we can't close in 28 days, we pay you $1,000