Rental numbers for North Dakota
0 of 18 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 4.6%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 4.6%
- 18 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $292,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,247/mo
- median across 18 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Stutsman County | $229,000 | $1,071 | 5.6% | 2.1% | -$838 | +6.0% |
| Ward County | $283,000 | $1,261 | 5.3% | 2.0% | -$1,053 | +6.3% |
| Morton County | $324,000 | $1,393 | 5.2% | 2.0% | -$1,212 | +6.3% |
| Barnes County | $198,000 | $821 | 5.0% | 1.5% | -$830 | n/a |
| Stark County | $322,000 | $1,268 | 4.7% | 1.7% | -$1,273 | +2.4% |
| Grand Forks County | $298,000 | $1,168 | 4.7% | 1.4% | -$1,261 | +6.2% |
| Richland County | $233,000 | $884 | 4.6% | 1.1% | -$1,034 | n/a |
| Williams County | $353,000 | $1,261 | 4.3% | 1.6% | -$1,439 | -4.7% |
| Burleigh County | $370,000 | $1,318 | 4.3% | 1.4% | -$1,566 | +3.2% |
| McKenzie County | $372,000 | $1,254 | 4.0% | 1.7% | -$1,489 | n/a |
| Cass County | $339,000 | $1,094 | 3.9% | 0.7% | -$1,636 | +3.0% |
| Adams County | $142,000 | not published | n/a | n/a | n/a | n/a |
| Benson County | $142,000 | not published | n/a | n/a | n/a | n/a |
| Bottineau County | $237,000 | not published | n/a | n/a | n/a | n/a |
| Bowman County | $193,000 | not published | n/a | n/a | n/a | n/a |
| Burke County | $140,000 | not published | n/a | n/a | n/a | n/a |
| Cavalier County | $177,000 | not published | n/a | n/a | n/a | n/a |
| Dickey County | $186,000 | not published | n/a | n/a | n/a | n/a |
| Dunn County | $377,000 | not published | n/a | n/a | n/a | n/a |
| Eddy County | $120,000 | not published | n/a | n/a | n/a | n/a |
| Emmons County | $159,000 | not published | n/a | n/a | n/a | n/a |
| Foster County | $182,000 | not published | n/a | n/a | n/a | n/a |
| Golden Valley County | $195,000 | not published | n/a | n/a | n/a | n/a |
| Griggs County | $123,000 | not published | n/a | n/a | n/a | n/a |
| Hettinger County | $156,000 | not published | n/a | n/a | n/a | n/a |
| Kidder County | $214,000 | not published | n/a | n/a | n/a | n/a |
| LaMoure County | $142,000 | not published | n/a | n/a | n/a | n/a |
| McHenry County | $153,000 | not published | n/a | n/a | n/a | n/a |
| McLean County | $224,000 | not published | n/a | n/a | n/a | n/a |
| Mercer County | $245,000 | not published | n/a | n/a | n/a | n/a |
| Mountrail County | $220,000 | not published | n/a | n/a | n/a | n/a |
| Nelson County | $147,000 | not published | n/a | n/a | n/a | n/a |
| Oliver County | $268,000 | not published | n/a | n/a | n/a | n/a |
| Pembina County | $143,000 | not published | n/a | n/a | n/a | n/a |
| Pierce County | n/a | not published | n/a | n/a | n/a | n/a |
| Ramsey County | $233,000 | not published | n/a | n/a | n/a | n/a |
| Ransom County | $204,000 | not published | n/a | n/a | n/a | n/a |
| Renville County | $192,000 | not published | n/a | n/a | n/a | n/a |
| Sargent County | $205,000 | not published | n/a | n/a | n/a | n/a |
| Sheridan County | $123,000 | not published | n/a | n/a | n/a | n/a |
| Towner County | $122,000 | not published | n/a | n/a | n/a | n/a |
| Traill County | $228,000 | not published | n/a | n/a | n/a | n/a |
| Walsh County | $163,000 | not published | n/a | n/a | n/a | n/a |
| Wells County | $135,000 | not published | n/a | n/a | n/a | n/a |
Highest-yield ZIP codes in North Dakota
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 58203Grand Forks | $248,000 | $1,364 | 6.6% | -$735 |
| 58401Jamestown | $235,000 | $1,098 | 5.6% | -$875 |
| 58703Minot | $271,000 | $1,237 | 5.5% | -$1,015 |
| 58047Horace | $423,000 | $1,895 | 5.4% | -$1,506 |
| 58701Minot | $290,000 | $1,270 | 5.3% | -$1,094 |
| 58504Bismarck | $357,000 | $1,516 | 5.1% | -$1,305 |
| 58072Valley City | $202,000 | $845 | 5.0% | -$852 |
| 58554Mandan | $347,000 | $1,406 | 4.9% | -$1,375 |
| 58601Dickinson | $331,000 | $1,267 | 4.6% | -$1,338 |
| 58102Fargo | $276,000 | $1,045 | 4.5% | -$1,227 |
Trends
Five years to August 2026
- Price, 12 months
- +5.2%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.99%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $245,665 |
| Aug 2022 | $263,352 |
| Aug 2023 | $264,176 |
| Aug 2024 | $267,546 |
| Aug 2025 | $277,846 |
| Aug 2026 | $292,293 |
Costs that vary by state
- Effective property tax
- 0.99%
- Census ACS 2024
- Landlord insurance default
- $1,697/yr
- NAIC HO-3 $1,414 x 1.2
- Permits per 1,000 households
- 6.5
- last 12 months
- Median typical price
- $330,000
- tier A ZIPs
Metros
Questions
- Is North Dakota good for rental property?
- 0 of 18 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 4.6%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in North Dakota?
- About 0.99% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in North Dakota?
- NAIC's 2023 average homeowners (HO-3) premium in North Dakota was $1,414. Landlord policies usually cost more, so this site assumes $1,697 a year. Quotes depend on the property, coverage and claims history.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.