Fargo, ND

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Fargo short-term rental market based on reliable data.

Listings

220 / 483

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$25,851

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$309,018

Median Home Sale Price

Top Earners

$49,802

Top-Earners Revenue

Fargo

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Fargo.

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A

Very Investor friendly

Fargo Regulations

STRs are explicitly allowed citywide with no dedicated licensing or caps, low-cost tax registrations (5% state sales tax + 3% city lodging tax), and general zoning/safety compliance rather than STR‑specific permitting, creating a very low‑barrier, supportive environment for investors.

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About Fargo

Fargo, North Dakota, is the largest city in the state, with a population of approximately 125,000 residents as of the most recent estimates. It is located in the southeastern corner of North Dakota, along the Red River of the North, and serves as a hub for the region. The closest major city is Minneapolis, Minnesota, which is about 235 miles southeast of Fargo.

Fargo's appeal for short-term rentals is bolstered by its vibrant local culture, educational institutions, and diverse activities. Notable landmarks include the Fargo Theatre (https://fargotheatre.org/),,) a beautifully restored 1926 Art Deco movie-house and performing arts venue, and the Plains Art Museum (https://plainsart.org/),,) which features contemporary art and regional artists. North Dakota State University (https://www.ndsu.edu/),,) located within the city, adds to the cultural and educational dynamism of Fargo.

Outdoor enthusiasts can explore Lindenwood Park (https://www.fargoparks.com/parks-and-facilities/parks/lindenwood-park),,) an expansive area offering walking trails, playgrounds, and picnic shelters. Additionally, the Red River Zoo (https://redriverzoo.org/)) is a popular family-friendly destination featuring exotic and native animal species.

The city’s vibrant downtown district offers a range of dining, shopping, and entertainment options, making it an attractive location for visitors seeking the amenities of a larger city while enjoying the charm of a smaller community. The presence of numerous events and festivals, such as the Fargo Marathon and the Fargo Film Festival, provides ample opportunity for unique experiences.

Overall, Fargo's cultural landmarks, community events, and educational institutions make it a compelling destination for short-term rentals, attracting visitors for both business and leisure stays.

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