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Cass County/West Fargo/58078

58078

ZIPSAFMR
Cass County, ND
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$880$710
1 BR$1,010$1,020
2 BR$1,240$1,160
3 BR$1,720$1,820
4 BR$2,070$2,280
5 BR$2,381Not available
6 BR$2,738Not available
7 BR$3,148Not available
8 BR$3,620Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMR$1,240
Market rentUsed$1,160
Est. payment standard (96%)$1,190
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.24
1 BR
0.98
2 BR
1.07
3 BR
0.91
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 58078 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 58078 (West Fargo, ND) is $1,240 a month. That is unchanged from FY 2026. West 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. Among 35 ZIP codes in Cass County, 58078 is tied for the 6th-highest two-bedroom rent (county range $1,010–$1,500). The median county two-bedroom FMR in North Dakota is $1,014, so ZIP 58078 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 58078
BedroomsFY 2027Change90–110% range
Studio$880+2.3%$792–$968
1BR$1,010−1.0%$909–$1,111
2BR$1,2400.0%$1,116–$1,364
3BR$1,7200.0%$1,548–$1,892
4BR$2,070−0.5%$1,863–$2,277

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 58078
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$1,010$1,240$1,720$2,070
FY 2026$860$1,020$1,240$1,720$2,080
FY 2025$770$930$1,130$1,580$1,900
FY 2024$720$860$1,040$1,470$1,760
FY 2023$690$810$990$1,410$1,690

Two-bedroom rent in nearby Cass County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 58078
58051$1,010−18.5%
58052$1,230−0.8%
58059$1,460+17.7%
58064$1,010−18.5%
58068$1,060−14.5%
58071$1,010−18.5%
58078Current$1,240—
58079$1,090−12.1%
58102$1,040−16.1%
58103$1,040−16.1%
58104$1,300+4.8%
58105$1,040−16.1%

Questions about ZIP 58078 rents

How much will Section 8 pay for a two-bedroom in ZIP 58078?

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 $1,240 it would be $1,116 to $1,364. 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 ZIP 58078 in?

ZIP 58078 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 ZIP 58078 for FY 2027?

The two-bedroom FMR was unchanged at $1,240 in FY 2027. Since FY 2023 it has risen 25.3%.

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 rentWest Fargo, ND fair market rentND statewide rentsWhat is SAFMR?Data sources