Real Estate Investing in Fargo, North Dakota (58103)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58103 (Fargo, ND)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 26.8 — hard to cash-flow at these prices.
What’s happening in Fargo, ND (58103)?
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Market Analysis: 58103 Fargo
Put differently, ZIP 58103 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $274K median. It rewards specialists, not generalists.
Rent of $852/mo on a $274K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 58103 sits below the stated 0.0% once reality is priced in.
Within ND, ZIP 58103 trails on several market indicators that neighboring Cass County submarkets outperform. The gap is real and durable enough to shape underwriting.
A robust renter share of 59% in 58103 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Fargo:
Property Strategy for 58103
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $186,073 | $1,040 | 4.0% | +4.1% | $93,036 |
| 3BR | $262,093 | $1,450 | 4.0% | +5.5% | $87,364 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58103 Compare?
| Metric | 58103 | Fargo | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $273,576 | $240,278 | N/A | $278,677 |
| 5-Year CAGR | 4.3% | 4.1% | N/A | 3.7% |
| Avg Rent | $852 | $1,061 | N/A | - |
| Cap Rate | 2.4% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58103 (Fargo, ND). Anonymous, moderated, never written by AI.
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Property managers serving Cass County
Manage rentals here? List your business →San Antonio Property Management has been proudly local since 1978. summary from their website
Prairie Property Management offers rental expertise in Fargo/West Fargo, Moorhead, Bismarck-Mandan, Watford City, and Williston. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $273,576 |
| Monthly Rent | $852 |
| Price-to-Rent | 26.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 Rent Trends
| 1-Year | -5.4% ▼ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 58103
Population: 48,520
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 58103
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 632 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Fargo, ND?
Expect median prices around $274K in Fargo, ND. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Is Fargo, ND better for rentals, flips, or BRRRR?
Fargo, ND investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($274K prices, $852/mo rents) make it a reasonable choice.
What monthly rent should investors expect in Fargo, ND?
Rental rates in Fargo, ND average $852/mo. Tenant demand and $274K home values make the yield look reasonable by investor standards.
Should investors consider Fargo, ND?
The 3.0/5 investability rating in Fargo, ND reflects its $274K prices and $852/mo rents. Investors generally consider it a solid option within ND.
What kind of tenants rent in Fargo, ND?
Fargo, ND offers a even-keeled renter base at the $852/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 58103 now. You don’t know where it ranks.
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How 58103 ranks in Fargo, ND-MN
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