Is Fargo, ND a good place to invest in rental property?

Fargo, ND has a median modeled monthly cash flow of $-1,091 and a median cap rate of 2.2%, on a median sold price of $311,000. Prices changed +3.1% year over year.

What is the average cap rate in Fargo, ND?

The median cap rate across recently sold homes in Fargo, ND is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Fargo, ND?

The median sold price in Fargo, ND is $311,000 (about $165 per square foot).

Investing in Fargo, ND Real Estate

A data-driven snapshot of the Fargo, ND rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$311,000Median sold price

$165Median $/sqft

2.2%Median cap rate

$-1,091Modeled cash flow / mo

+3.1%Appreciation YoY

8.8Months of supply

1,038Active listings

1,421Sold (last 12 mo)

What the Fargo numbers say

In Fargo, ND, the median home sold for $311,000 (about $165 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-1,091 of monthly cash flow. Sold prices moved +3.1% over the past year. Inventory sits at about 8.8 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Dakota markets to compare

See Fargo cash-flowing listings

CashFlowRE ranks every for-sale home in Fargo, ND by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Fargo deals, or browse the national market data.