Q1 2026 State Underwriting Telemetry · North Dakota (ND)

North Dakota (ND) DSCR, Cap-Rate & Rental Market Report (2026)

In Q1 2026, North Dakota (ND) 1–4 unit investment properties trade at a median acquisition price of $265,000 with Form 1007 market rent of $1,980/mo (8.97% gross rental yield) and 5+ unit multifamily rent of $1,180/door. Lenders underwrite North Dakota escrows at a 0.98% average property tax rate and $590/$100K landlord hazard insurance under a Judicial (District Court Action) statutory regime (130–180 days days).

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North Dakota (ND) DSCR, Cap-Rate & Rental Market Report (2026) | Stephen R. Mannenbach | Stephen Mannenbach