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ND/Cass County/Fargo

Fargo, ND

CitySAFMR
Cass County
Found 13 ZIPs
Zillow

City Median Investment Score

57Below average

095130300
BRFMR
Eff. Rent
0 BR$740 – $920$670 – $940
1 BR$850 – $1,060$870 – $1,040
2 BR$1,040 – $1,300$1,090 – $1,430
3 BR$1,440 – $1,800$1,370 – $1,980
4 BR$1,740 – $2,170$1,640 – $2,350
5 BR$2,093Not available
6 BR$2,407Not available
7 BR$2,768Not available
8 BR$3,183Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
3
0.73-1.10
1 BR
1
1
1
1
1
0.72-1.02
2 BR
1
1
1
1
1
0.60-0.89
3 BR
2
2
0.83-1.05
4 BR
2
0.87-1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Fargo, ND fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 13 ZIP codes in Fargo, ND ranges from $1,040 to $1,300 a month, with a median of $1,090. That is down 0.9% from $1,100 in FY 2026. Fargo is in the Fargo, ND-MN MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,104. The median county two-bedroom FMR in North Dakota is $1,014, so Fargo is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Fargo, ND
BedroomsFY 2027Change90–110% range
Studio$770+1.3%$693–$847
1BR$890−2.2%$801–$979
2BR$1,090−0.9%$981–$1,199
3BR$1,510−1.3%$1,359–$1,661
4BR$1,820−1.6%$1,638–$2,002

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Fargo, ND
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$770$890$1,090$1,510$1,820
FY 2026$760$910$1,100$1,530$1,850
FY 2025$690$830$1,000$1,400$1,680
FY 2024$650$780$940$1,320$1,600
FY 2023$630$750$910$1,290$1,550

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
58104$1,300+19.3%
58106$1,0900.0%
58107$1,0900.0%
58108$1,0900.0%
58109$1,0900.0%
58102$1,040−4.6%
58103$1,040−4.6%
58105$1,040−4.6%

Questions about Fargo, ND rents

How much will Section 8 pay for a two-bedroom in Fargo, ND?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,104, which applies unless the housing authority uses Small Area FMRs, that basic range is $994 to $1,214 a month; under the ZIP-level Small Area FMR of $1,090 it would be $981 to $1,199. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Fargo, ND in?

Fargo, ND is in the Fargo, ND-MN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,104.

How much did fair market rent change in Fargo, ND for FY 2027?

The two-bedroom FMR fell 0.9%, from $1,100 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 19.8%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentND statewide rentsWhat is SAFMR?Data sources