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Fargo, ND · 58124

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $76K, +0.7% YoY (county); renters hold 48.0% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

83,945

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 89,038

89Kunits

Occupied83,94594.3%

Vacant5,0935.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 83,945

84Koccupied

Owner43,62352.0%

Renter40,32248.0%

Renter Share

48.0%+0.1% YoY

Total Housing Units

89,038+1.8% YoY

FY2026 Fair Market Rent

CountyCass County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$768

/month

1 BR

$917

/month

2 BR

$1,112

/month

3 BR

$1,547

/month

4 BR

$1,865

/month

FMR trends · Cass County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 2.2% to 193,400: residents under 18 are up 1.3% and those 65 and over are up 4.1%.

Median Age

32.82024

Population

Cass County Population

200,945+1.4% YoY

Households

Total Households

83,945+2.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.23-0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 193,400

193Kresidents

Under 1842,90022.2%

Adults 18–64125,34664.8%

65 & Over25,15413.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

42,900+1.3% YoY

Population 65 & Over

25,154+4.1% YoY

Median Age

32.80-0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house80.3%

Moved (within US)19.1%

Other0.6%

Veterans

5.5%-3.5% YoY

County Economy

County median household income is $76K, 11.0% of residents are below the poverty level, 10.0% work from home.

Income

Median Household Income

$76K+0.7% YoY

Per-Capita Income

$46K+2.4% YoY

Mean Household Income

$104K+1.9% YoY

Poverty

Below Poverty Level

11.0%+6.8% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone78.2%

Public transit0.5%

Worked from home10.0%

Other11.3%

Worked From Home

10.0%+14.9% YoY

Mean Commute

17.10-2.3% YoY

Done with 58124? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Fargo, ND · 58124

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $76K, +0.7% YoY (county); renters hold 48.0% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

83,945

Median Days on Market

Active Listings

New Listings

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 89,038

89Kunits

Occupied83,94594.3%

Vacant5,0935.7%

2024 Tenure ⓘ

U.S. Census ACS · n = 83,945

84Koccupied

Owner43,62352.0%

Renter40,32248.0%

Renter Share

48.0%+0.1% YoY

Total Housing Units

89,038+1.8% YoY

FY2026 Fair Market Rent

CountyCass County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$768

/month

1 BR

$917

/month

2 BR

$1,112

/month

3 BR

$1,547

/month

4 BR

$1,865

/month

FMR trends · Cass County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 2.2% to 193,400: residents under 18 are up 1.3% and those 65 and over are up 4.1%.

Median Age

32.82024

Population

Cass County Population

200,945+1.4% YoY

Households

Total Households

83,945+2.8% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.23-0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 193,400

193Kresidents

Under 1842,90022.2%

Adults 18–64125,34664.8%

65 & Over25,15413.0%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

42,900+1.3% YoY

Population 65 & Over

25,154+4.1% YoY

Median Age

32.80-0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house80.3%

Moved (within US)19.1%

Other0.6%

Veterans

5.5%-3.5% YoY

County Economy

County median household income is $76K, 11.0% of residents are below the poverty level, 10.0% work from home.

Income

Median Household Income

$76K+0.7% YoY

Per-Capita Income

$46K+2.4% YoY

Mean Household Income

$104K+1.9% YoY

Poverty

Below Poverty Level

11.0%+6.8% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone78.2%

Public transit0.5%

Worked from home10.0%

Other11.3%

Worked From Home

10.0%+14.9% YoY

Mean Commute

17.10-2.3% YoY

Done with 58124? Put it next to another market.