Is Horace, ND a good place to invest in rental property?

Horace, ND has a median modeled monthly cash flow of $-760 and a median cap rate of 4.0%, on a median sold price of $349,834. Prices changed +2.8% year over year.

What is the average cap rate in Horace, ND?

The median cap rate across recently sold homes in Horace, ND is 4.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Horace, ND?

The median sold price in Horace, ND is $349,834 (about $183 per square foot).

Investing in Horace, ND Real Estate

A data-driven snapshot of the Horace, ND rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$349,834Median sold price

$183Median $/sqft

4.0%Median cap rate

$-760Modeled cash flow / mo

+2.8%Appreciation YoY

15.4Months of supply

219Active listings

171Sold (last 12 mo)

What the Horace numbers say

In Horace, ND, the median home sold for $349,834 (about $183 per square foot), and the typical deal models out to a 4.0% cap rate with a median $-760 of monthly cash flow. Sold prices moved +2.8% over the past year. Inventory sits at about 15.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Dakota markets to compare

See Horace cash-flowing listings

CashFlowRE ranks every for-sale home in Horace, ND by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Horace deals, or browse the national market data.