%
CapRateCity
Free cap rate calculators for every US market
MarketsNorth DakotaWilliston

Cap Rate Analysis: Williston, ND

Investment metrics, interactive calculators, and data-driven analysis for Williston rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Challenging for pure cash flow
Based on $340,000 median price and $1,300/mo median rent
Est. Cap Rate
2.57%
1% Rule
0.38%
Fails
GRM
21.8x
Price / Income
6.2x

Market Data

Median Home Price$340,000
Median Monthly Rent$1,300
Property Tax Rate0.98%
Population50,000
Population Growth1% / yr
Median Household Income$55,133
Vacancy Rate5.2%
Annual Appreciation2.4%

Cap Rate Calculator — Williston

Pre-filled with Williston medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.98% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
2.14%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$7,289
net operating income
Gross Rent Multiplier
21.8x
High (>15)
1% Rule
0.38%
✗ Fails
Monthly Cash Flow
$607
before debt service
Annual Breakdown
Gross Rental Income$15,600
Less Vacancy−$811
Effective Income$14,789
Less Operating Expenses−$7,500
Net Operating Income$7,289
Sponsored
Analyze Deals Faster with DealCheck
Import any property, get instant investment analysis — cap rates, cash flow, rehab estimates, and offer calculations. Used by 350,000+ investors.
Try DealCheck Free →

Cash-on-Cash Return — Williston

Factor in financing to see your actual return on invested capital in Williston.

$
$85,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-11.45%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$95,200
$85,000 down + $10,200 closing
Monthly Mortgage
$1,662
on $255K loan
Monthly Cash Flow
$-908
after all expenses
Annual Cash Flow
$-10,901
before taxes
Cash Flow Breakdown
Monthly Rent$1,300
Less Expenses−$546
Less Mortgage−$1,662
Monthly Cash Flow$-908

Is Williston a Good Place to Invest in Rental Property?

Williston, ND has a population of 50,000 and has been growing at 1% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $340,000 paired with median rents of $1,300/mo produces an estimated cap rate of 2.57%.

Property taxes at 0.98% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5.2% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 6.2x, homes cost about 6.2 times the local median income of $55,133. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: At current median prices, Williston is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.

Sponsored
Get AI-Powered Property Insights
Homesage.ai analyzes 140 million properties with AI — spot hidden deals, assess property condition, and find investment opportunities. Free to try.
Analyze Properties →

Williston Investment Guides

Explore Williston Data

Free Download
Top 25 Cash Flow Cities (2026)
See how Williston compares to the best cash flow markets in America.
Get the Report →
Sponsored
Investor Gear
Google Nest Thermostat
Google
$130
FLIR ONE Gen 3 Thermal Camera
FLIR
$179
Schlage Connect Keypad Deadbolt
Schlage
$229
The CapRateCity Report
Weekly market analysis: highest cap rate cities, emerging markets, and deal breakdowns. Free, no spam.

Similar Markets in the Midwest

Lincoln, NE$295K · $1,290/mo
2.6%
Minot, ND$260K · $990/mo
2.6%
Des Moines, IA$290K · $1,260/mo
2.6%
Owatonna, MN$290K · $1,130/mo
2.5%
St. Cloud, MN$305K · $1,210/mo
2.6%
Run a BRRRR analysis for Williston
Model a buy-rehab-refinance deal with Williston data pre-loaded.
Open BRRRR Calculator →