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Cass County/Fargo/58105

58105

ZIPSAFMR
Cass County, ND
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$740$770
1 BR$850$940
2 BR$1,040$1,140
3 BR$1,440$1,520
4 BR$1,740$1,810
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$107,487

Cost breakdown

+Likely effective rent$1,140
HUD FMR$1,040
Market rent$1,410
Est. payment standard (110%)Used$1,140
-Principal and interest-$544
Loan amount$85,990
Down payment$21,497
Rate6.50%
Term30 years
-Operating costs-$396
Property taxes-$107
Insurance-$175
Utilities$0
HOA$0
Management-$114
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,546(86.3% ROI)
Projected value
$115,752
Return breakdown
Property appreciation+$8,265
Loan principal paid down+$3,081
Rental cash flow+$7,200
5-year hold
+$31,619(147.1% ROI)
Projected value
$121,612
Return breakdown
Property appreciation+$14,125
Loan principal paid down+$5,494
Rental cash flow+$12,000
10-year hold
+$67,196(312.6% ROI)
Projected value
$137,592
Return breakdown
Property appreciation+$30,105
Loan principal paid down+$13,091
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.80
2 BR
0.74
3 BR
0.92
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 58105 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 58105 (Fargo, ND) is $1,040 a month. That is up 1.0% from $1,030 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. Among 35 ZIP codes in Cass County, 58105 is tied for the 22nd-highest two-bedroom rent (county range $1,010–$1,500). The median county two-bedroom FMR in North Dakota is $1,014, so ZIP 58105 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 58105
BedroomsFY 2027Change90–110% range
Studio$740+4.2%$666–$814
1BR$8500.0%$765–$935
2BR$1,040+1.0%$936–$1,144
3BR$1,440+0.7%$1,296–$1,584
4BR$1,740+0.6%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 58105
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$850$1,040$1,440$1,740
FY 2026$710$850$1,030$1,430$1,730
FY 2025$640$770$930$1,310$1,580
FY 2024$630$750$910$1,280$1,540
FY 2023$580$680$830$1,180$1,410

Two-bedroom rent in nearby Cass County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 58105
58068$1,060+1.9%
58071$1,010−2.9%
58078$1,240+19.2%
58079$1,090+4.8%
58102$1,0400.0%
58103$1,0400.0%
58104$1,300+25.0%
58105Current$1,040—
58106$1,090+4.8%
58107$1,090+4.8%
58108$1,090+4.8%
58109$1,090+4.8%

Questions about ZIP 58105 rents

How much will Section 8 pay for a two-bedroom in ZIP 58105?

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 $1,040 it would be $936 to $1,144. 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 58105 in?

ZIP 58105 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 58105 for FY 2027?

The two-bedroom FMR rose 1.0%, from $1,030 in FY 2026 to $1,040 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 rentFargo, ND fair market rentND statewide rentsWhat is SAFMR?Data sources