Rental numbers for the Fargo, ND metro
The typical home here runs -$1,489 a month at 7.78% with 25% down. 0 of 6 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.3%.
- Gross yield
- 4.0%
- typical home, Zillow
- Median ZIP yield
- 4.3%
- 6 ZIPs with full data
- Cash flow
- -$1,489/mo
- at 7.78%, 25% down
- Typical price
- $329,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,100/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
23 with published figures
| 58027Enderlin | $175,000 | $970* | 6.7% | 2.6% | -$560 | n/a |
| 58048Hunter | $203,000 | $970* | 5.7% | 2.3% | -$712 | n/a |
| 58047Horace | $423,000 | $1,895 | 5.4% | 2.2% | -$1,506 | n/a |
| 58011Buffalo | $259,000 | $1,100* | 5.1% | 2.2% | -$921 | n/a |
| 58059Mapleton | $345,000 | $1,440* | 5.0% | 1.8% | -$1,335 | n/a |
| 58052Leonard | $284,000 | $1,180* | 5.0% | 2.0% | -$1,057 | n/a |
| 56560Moorhead | $289,000 | $1,164 | 4.8% | 1.2% | -$1,276 | +2.7% |
| 56529Dilworth | $293,000 | $1,150* | 4.7% | 1.1% | -$1,317 | n/a |
| 58102Fargo | $276,000 | $1,045 | 4.5% | 1.1% | -$1,227 | +2.3% |
| 58021Davenport | $334,000 | $1,180* | 4.2% | 1.3% | -$1,452 | n/a |
| 58064Page | $291,000 | $1,010* | 4.2% | 1.2% | -$1,271 | n/a |
| 58078West Fargo | $359,000 | $1,234 | 4.1% | 0.9% | -$1,663 | +7.2% |
| 56514Barnesville | $308,000 | $1,010* | 3.9% | 0.7% | -$1,477 | n/a |
| 58103Fargo | $271,000 | $880 | 3.9% | 0.5% | -$1,339 | +3.6% |
| 56585Ulen | $310,000 | $970* | 3.8% | 0.7% | -$1,483 | n/a |
| 58042Harwood | $394,000 | $1,230* | 3.8% | 0.9% | -$1,835 | n/a |
| 58104Fargo | $408,000 | $1,240 | 3.6% | 0.5% | -$2,034 | +3.1% |
| 58012Casselton | $331,000 | $970* | 3.5% | 0.5% | -$1,637 | n/a |
| 56547Glyndon | $363,000 | $1,030* | 3.4% | 0.4% | -$1,834 | n/a |
| 56580Sabin | $355,000 | $970* | 3.3% | 0.2% | -$1,860 | n/a |
| 58005Argusville | $453,000 | $1,100* | 2.9% | 0.4% | -$2,276 | n/a |
| 56549Hawley | $407,000 | $980* | 2.9% | -0.0% | -$2,199 | n/a |
| 58051Kindred | $423,000 | $970* | 2.8% | 0.1% | -$2,254 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.4%
- Rent, 12 months
- +3.0%
- Rent minus price growth
- -0.4 pts
- Property tax
- 0.97%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $275,357 | $877 |
| Aug 2022 | $297,672 | $935 |
| Aug 2023 | $305,246 | $989 |
| Aug 2024 | $309,898 | $1,039 |
| Aug 2025 | $317,662 | $1,068 |
| Aug 2026 | $328,573 | $1,100 |
Counties
- Clay County, MN4.8% median yield
- Cass County, ND4.1% median yield
- Ransom County, NDn/a median yield
Tools
Questions
- Is the Fargo, ND metro good for rental property?
- The typical home here runs -$1,489 a month at 7.78% with 25% down. 0 of 6 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.3%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Fargo, ND metro have the highest rental yield?
- 58047 (Horace) at 5.4%, 56560 (Moorhead) at 4.8%, 58102 (Fargo) at 4.5%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.