Dunn (ND) Investor Pulse Report (2025-Q4)

In Dunn County, ND, there is no evidence of a single-family residential (SFR) rental market operated by investors as defined in this report. The total count of investor-owned properties is zero.

Consequently, there is no split between individual and company ownership, as no entities of either type were identified holding SFR properties in the region.

The analysis of property types, including rented, financed, or cash-owned, is not applicable, with all counts at zero. This indicates a lack of the typical investment patterns seen in other markets.

The data confirms a complete absence of properties classified as non-owner-occupied within an investor portfolio, reinforcing the conclusion of zero landlord activity.

Overall, the holdings data for Dunn County establishes a baseline of non-participation by SFR investors, distinguishing it from markets with active rental investment landscapes.

Acquisition pricing analysis for landlords in Dunn County, ND is not possible due to a complete lack of purchase data. All metrics for average acquisition prices are zero across all timeframes.

Consequently, a price comparison between landlords and traditional homeowners cannot be conducted. The data shows no recorded SFR purchases by investors, making it impossible to calculate any price gap or discount.

There are no discernible price trends, such as appreciation or changes in the landlord-homeowner price gap, as there is no historical or current pricing data to evaluate.

Similarly, it is not possible to compare pricing between individual and company investors, as neither group has any recorded acquisition activity.

The absence of pricing data is a direct result of the zero transaction volume, underscoring the lack of an active SFR investment market in this county.

In Q4 2025, there was no purchasing activity by SFR investors in Dunn County, ND. Landlords accounted for zero of the total SFR purchases in the market.

Analysis by tier reveals no activity across the spectrum, from new entrants to large institutions. The number of properties purchased by mom-and-pop landlords (1-10 properties) was zero.

Likewise, institutional investors (1,000+ properties) made no acquisitions in the county during this period.

The data shows that no new single-property landlords (Tier 01) entered the Dunn County market in Q4, indicating a lack of new investment interest.

The complete absence of quarterly purchase activity across all investor tiers signals that Dunn County was not a target for SFR investment during this timeframe.

The distribution of SFR ownership across investor tiers in Dunn County, ND is uniformly zero. No properties are held by landlords of any size.

Mom-and-pop landlords (Tiers 01-04), who form the backbone of the market in other regions, have no presence here, controlling 0.0% of investor-owned housing.

Similarly, institutional investors (Tier 09) hold no properties, accounting for 0.0% of the market share. This defies the common narrative of institutional presence in the SFR space, as neither they nor smaller investors are active here.

Due to the lack of transactions, it is impossible to analyze acquisition prices by tier. There are no data points to compare if larger investors pay more or less than smaller ones.

The number of entities in each tier is zero, confirming that there is no structured investor market, from small-scale individuals to large corporations, in Dunn County.

An analysis of individual versus company ownership by tier is not applicable in Dunn County, ND, as both categories have zero properties and zero entities across all tiers.

There is no crossover point at which companies become the majority owners, because neither ownership type has a footprint in the market.

Acquisition price comparison between individual and company landlords is impossible. The absence of any purchase activity means no pricing data exists for this analysis.

No tier exhibits a concentration of either company or individual ownership, as all holdings are recorded as zero.

Growth patterns cannot be assessed, as there is no historical or current data to indicate any market entry or expansion by either individual investors or companies.

Geographic analysis within Dunn County, ND reveals a complete absence of investor-owned SFR properties. No zip codes or sub-regions were identified with any landlord holdings.

The investor ownership rate for the county is 0.0%, indicating a market entirely composed of non-investor property owners according to the available data.

Consequently, there are no top regions to rank by either the count of investor properties or by investor ownership percentage.

Variations in acquisition prices across different geographic areas cannot be assessed, as no landlord purchase transactions were recorded anywhere in the county.

The data shows zero landlord entities operating in Dunn County, confirming that the lack of activity is county-wide and not concentrated in specific areas.

There is no historical transaction data for landlords in Dunn County, ND. The number of properties bought and sold by investors over any timeframe is zero.

As a result, it is not possible to determine if landlords are net buyers or sellers; the buy/sell ratio is undefined due to zero activity.

Institutional investors (1,000+ tier) show the same pattern of inactivity, with zero properties purchased and zero sold historically in this market.

The concept of inter-landlord transactions is not applicable, as no trades between investors have occurred. The percentage of transactions from one landlord to another is zero.

An analysis of buy prices versus sell prices to determine implied margins cannot be performed due to the complete lack of transaction data.

In Q4 2025, landlords played no role in the Dunn County, ND real estate market, accounting for 0.0% of all SFR transactions.

Transaction volumes were zero across all nine investor tiers. This indicates no market activity from the smallest mom-and-pop landlords to the largest institutional firms.

Average purchase prices by tier cannot be calculated, as no tier was active in the market. There is no price data to compare.

Inter-landlord trading activity was non-existent. The number of properties bought from other landlords was zero for all investor types.

The lack of any transactional footprint in Q4 confirms that the absence of an investor market in Dunn County is a current and ongoing state, not just a historical artifact.