Real Estate Investing in Fargo, North Dakota (58102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58102 (Fargo, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.8% of homes vacant — above national norms.
What’s happening in Fargo, ND (58102)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 58102 Fargo
This part of Cass County is not an easy win. The 58102 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $277K asset, 58102 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Fargo have seen price recovery that 58102 has not matched. Cass County data supports the view that the spread is structural rather than temporary.
A resilient renter share of 54% in 58102 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Fargo's stable or hybrid ZIPs before stepping into 58102. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Fargo:
Property Strategy for 58102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $184,821 | $1,030 | 4.0% | +4.6% | $92,410 |
| 3BR | $258,222 | $1,430 | 4.0% | +5.0% | $86,074 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 58102 Compare?
| Metric | 58102 | Fargo | Fargo, ND-MN | North Dakota |
|---|---|---|---|---|
| Home Value | $277,454 | $240,278 | N/A | $278,677 |
| 5-Year CAGR | 3.8% | 4.1% | N/A | 3.7% |
| Avg Rent | $1,045 | $1,061 | N/A | - |
| Cap Rate | 2.9% | 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 58102 (Fargo, ND). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 58102 (Fargo, ND)?
~25 seconds · no account needed · your report is anonymous
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 | $277,454 |
| Monthly Rent | $1,045 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 Rent Trends
| 1-Year | -9.1% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 58102
Population: 32,591
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 58102
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
Should investors consider Fargo, ND?
Fargo, ND stands at an investability rating of 3.0/5, with median home values near $277K and average rents around $1,045/mo. That combination puts it in the impressive tier for investor interest.
What investment strategy works best in Fargo, ND?
Investors usually favor careful cash-flow rentals with hands-on management in Fargo, ND. With home values at $277K and rents near $1,045/mo, other strategies can work but produce predictable rather than outsized returns.
What is the typical rental rate in Fargo, ND?
Rent in Fargo, ND is around $1,045/mo. The resulting rent-to-value relationship with $277K pricing is reasonable for most investor models.
Does house hacking make sense in Fargo, ND?
For house hackers, Fargo, ND is a challenging. The $1,045/mo rent on a unit helps defray the mortgage on a $277K property.
How strong is the working-renter base in Fargo, ND?
Fargo, ND offers a stable renter base at the $1,045/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 58102 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 58102 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 58102 ranks in Fargo, ND-MN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 58102 (Fargo)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 58102 (Fargo, ND).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.