Renting in Elgin (Bismarck, Dickinson, Williston: rentals, transfer, buying)

[caroleugeneandcalum]

Hello,

Does anyone know if there would be a rental market in Elgin ND? Is it too far from the oilfields for people to rent? ( I mean cheap rent like 300 dollars a month for a 3 bed house.)

Thanks

Carol

[fourwinds]

If you are looking at buying to rent, the best market to advertise would be in the oil towns (Williston, especially Dickinson) where a husband may live in a work camp or temporary housing, but want his family relocated closer, in an affordable rural town.

A number of families have transferred to North Dakota to be "near" the work, but still away from the actual Bakken. Somebody moving to Elgin in that situation wouldn't have some of the benefits of Bismarck, but rentals in Grant County will be low because of its loss of population. Dickinson to Elgin is nearly 80 miles, commutable for weekends and weeks off, but not easily for regular work days.

[caroleugeneandcalum]

Thank you. We were gthinking about buying to rent and were thinking that the oil field work would one day move nearer to Elgin. What do people think about this?

Carol

[fourwinds]

Originally Posted by caroleugeneandcalum

Thank you. We were gthinking about buying to rent and were thinking that the oil field work would one day move nearer to Elgin. What do people think about this?

Carol

The chances are much much greater for smaller towns further west: New England, Mott, Regent, and later Bowman, Scranton, and Hettinger, which all overlay the Three Forks formation, but not the Bakken.

Oil is much more possible in those towns in the near future than in Grant County.

Grant County (Elgin) is east and south of the Bakken and east of the Three Forks formation.

[caroleugeneandcalum]

Thanks for this. Grant County doesn't seem too far to travel and I was thinking that the chaep rent might attract but I'm grateful for your advice