Top City Searches in North Dakota
North Dakota: The Peace Garden State
With 779,094 residents, North Dakota is the fourth-least populous state in the nation. Bismarck serves as the state's capital, while Fargo is its largest. In fact, almost a fifth of the entire state's population resides in Fargo. North Dakota is a treasure trove of natural attractions and outdoor recreation. Popular activities include skiing, hunting, fishing, and snowboarding.
North Dakota also has a vibrant arts and culture scene. There are several museums in the state, such as the North Dakota Museum of Art
and the Plains Art Museum
. It is also home to a number of performing arts companies, including the Bismarck-Mandan Symphony Orchestra
, the Minot Symphony Orchestra
, the Fargo-Moorhead Symphony Orchestra
, and the Great Plains Harmony Chorus
. Performing arts venues include the Chester Fritz Auditorium
, the Fargo Theatre
, and the Empire Arts Center
Colleges and universities in the Peace Garden State include the University of North Dakota
, North Dakota State University
, Minot State University
, and the University of Jamestown
. Other notable attractions include the Theodore Roosevelt State Park
, Fort Abraham Lincoln State Park
, the Enchanted Highway, Knife River Indian Villages National Historic Site
, and Chateau de Mores State Historic Site
What Is North Dakota's Rental Market Like?
North Dakota has fairly affordable housing. The median home value
in this state is $255,418, indicating a 7.4% year-over-year change. North Dakota also boasts a large renter population. In fact, 37.6% of the state's residents are renters.
Image via towncharts.com
Landlords can also earn moderate returns in the Peace Garden State. In 2019, the median rent was $804, which is below the national median rent of $1,097 in the same year. It is also worth noting that North Dakota has a comparatively high vacancy rate. In 2019, the state vacancy rate was 8.04%, while the national vacancy rate was 5.97%.
Image via deptofnumbers.com
A high vacancy rate may not be particularly attractive to property investors. However, with a low price of entry and decent rent, North Dakota is certainly one to consider. Plus, it is widely regarded as a landlord-friendly state. There is a lack of rent control here, and entry and repair policies are also not very detailed.
How a North Dakota Property Management Company Can Help
Managing a rental property is no laughing matter. It takes commitment, skill, and patience. For many landlords, property management simply isn't their strong suit. It becomes even more difficult when you factor in the laws that you must always refresh yourself with.
Enter a North Dakota rental management company.
A professional management company can take over most of your duties as a landlord. This includes finding and screening tenants, setting and collecting rent, conducting property inspections, making sure your property is well-maintained, preparing lease agreements, enforcing your lease terms, and dealing with tenants. They can also assist you with property taxes and eviction filings.
If you find yourself experiencing one or more of the following, then it's time to call a rental management company for help:
- You own too many rental properties.
- Your rental property is located far from where you reside.
- You don't have property management experience or knowledge.
- Property management does not interest you.
- You lack time.
In Need of Property Management in North Dakota?
Searching for a professional property management company to help with your North Dakota rental home? Rental Choice is a great place to start your search. Our user-friendly online directory lets you locate North Dakota property management companies and vendors by your city or zip code.