Grand Forks is home to the University of North Dakota, providing consistent student housing demands for rental properties near campus. Fargo has only a 5.8% apartment vacancy rate, providing investors with more opportunities to generate returns and multiple cash flow sources.
Williston is the hub for North Dakota's oil industry, employing vast oil field workers and attracting related businesses in this city. North Dakota's cities offer a wide range of commercial and residential real estate to diversify investment portfolios.
North Dakota's average price for real estate is $230,015. With a lower property pricing median compared to other states and no state income tax, North Dakota is a practical location for residents, business owners, and investors looking to reduce upfront costs.
The state of North Dakota has a population of almost 780,000 and is one of the leading agricultural producers in the U.S. for wheat and crops. Known for its rural landscapes, North Dakota also has booming energy and oil sectors. It ranks 5th in the nation for wind-generated electricity and is one of the top 3 states for annual oil production.
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