Investment Properties for Sale in Devils Lake, ND
493- 3 Bed
- 1 Bath
- 2892 sft
430- 4 Bed
- 3 Bath
- 1888 sft
275- 3 Bed
- 2 Bath
- 1519 sft
461- 3 Bed
- 3 Bath
- 1972 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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