Metropolitan Area

Fargo, ND

North Dakota0
55
/100
Hold
#638 of 894 metros
Top 71% nationally for investing

Market Snapshot

$327,854
Median Home Price
29% above national median
$1,156/mo
Median Rent
17% below national median
4.23%
Rent-to-Price Ratio
Top 90% nationally
-$967
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$327,854
Down Payment (20%)$65,571
Loan Amount$262,283
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,156
Monthly P&I-$1,719
Est. Expenses (35%)-$405
Net Cash Flow-$967/mo
2.8%
Cap Rate (all cash)
-15.4%
Cash-on-Cash Return
4.23%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.8% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

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Score Breakdown

Overall Investment Score
55/100
55
Cash Flow(30%)
33/100

Based on 4.23% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
81/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
60/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (4.23%)
  • -Negative cash flow at typical financing (-$967/mo)
  • -Negative leverage (cap rate 2.8% < mortgage rate 6.9%)

Counties in Fargo, ND

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Picayune, MS
Picayune, MS
75$200,137$1,3287.96%Strong BuyView
Poplar Bluff, MO
Poplar Bluff, MO
75$168,352$1,0837.72%Strong BuyView
Batavia, NY
Batavia, NY
75$224,174Est.Strong BuyView
Sturgis, MI
Sturgis, MI
75$219,027Est.Strong BuyView
Lewistown, PA
Lewistown, PA
75$196,867Est.Strong BuyView
Current
Fargo, ND
55$327,854$1,1564.23%Hold

Rent vs buy in this metro

Rent vs buy in Fargo, NDMedian $326,439 · rent $1,161/mo

The Bottom Line

HoldFargo, ND is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Fargo, ND metro area scores 55/100, ranking #638 of 894 US metros (top 71%). The 4.23% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-967/mo
Cap Rate
2.8%
Cash-on-Cash
-17.7%

Ready to Invest in Fargo, ND?

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