Investment Properties for Sale in Devils Lake, ND
503- 4 Bed
- 3 Bath
- 3384 sft
308- 3 Bed
- 2 Bath
- 1092 sft
499- 5 Bed
- 4 Bath
- 3500 sft
598- 3 Bed
- 3 Bath
- 2880 sft
Why Invest in Devils Lake, North Dakota?
Devils Lake, ND offers stable real estate investment opportunities with a median home value around $225,000, well below national averages. Rental yields average 6-7% driven by a mix of single-family homes and apartments. Cap rates hover at 7-8% with moderate cash flows from $989 monthly rents. Appreciation has been steady at 4% annually, supported by local demand despite higher vacancy rates. Investor-friendly market with renter-occupied units at 45%, ideal for long-term holds.
Frequently Asked Questions
Median home values are around $225,000 to $235,000, below national averages. This affordability attracts investors seeking value in single-family and multi-unit properties. Prices have appreciated 4% over the past year.
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