Fargo, ND Airbnb Market Data, Statistics, and Occupancy Rates

Fargo Short-Term Rental Market Overview

Fargo's short-term rental market features 146 active Airbnb listings with an average daily rate of $147 and an average annual revenue of $20,701 per listing. While occupancy sits at 35%—slightly below the North Dakota state average of 38%—the market's relatively affordable home values at $459,805 and strong summer seasonality create a window for investors who target the right property size and pricing strategy. With year-over-year listing growth at 99%, investor interest is clearly accelerating, which means selective deal sourcing is increasingly important.

Key Market Statistics

According to Rabbu market data, the Fargo short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Fargo

Fargo attracts STR investors because of its affordable entry point relative to revenue potential, combined with growing demand driven by regional events, university activity, and corporate travel.

Expert Market Assessment

"Fargo represents a competitive opportunity where thoughtful property selection can outweigh the challenges of a tighter supply-demand balance. The market's seasonality is meaningful—July revenue at $2,565 is more than 2.5 times the February low of $960—so investors need to budget for leaner winter months. Larger properties clearly punch above their weight: 5-bedroom units earn roughly five times the annual revenue of studios. With all four ROI calculation factors rated average or below, this isn't a market where any listing will succeed, but disciplined investors who target underserved larger-bedroom inventory and maintain competitive amenity packages have room to outperform the averages."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Fargo

Average revenue by month in Fargo

Fargo's revenue cycle peaks sharply in July at $2,565 and bottoms out in February at just $960, creating a spread of over $1,600 between the best and worst months. This pronounced seasonality means investors should plan for roughly five strong months (May–September) and budget conservatively for the winter dip.

Active Airbnb listings by property size in Fargo

One-bedroom units dominate Fargo's supply with 48 listings (33% of the market), followed by 2-bedrooms at 33 and 3-bedrooms at 26. Larger properties—particularly 5-bedroom homes with only 9 active listings—appear underserved relative to their revenue potential, which could signal an opportunity for investors willing to go bigger.

Average daily rate (ADR) by property size in Fargo

ADR in Fargo scales steeply with size, ranging from $78 for studios to $341 for 5-bedroom properties—a 4.4x premium. The jump from 2-bedroom ($113) to 3-bedroom ($170) is especially notable, suggesting that the three-bedroom threshold is where guests begin paying meaningfully more for added space.

Average RevPAN by property size in Fargo

RevPAN tells a clear story: 5-bedroom properties lead at $128 per available night, roughly four times the $30–$33 range seen in studios through 2-bedrooms. Even after accounting for occupancy, larger homes in Fargo deliver substantially more revenue per night of availability, making them the most efficient earners on a per-night basis.

Average occupancy rates by property size in Fargo

Occupancy is relatively flat across property sizes, with studios and 1-bedrooms topping out at 39% and 2-bedrooms lagging at 29%. The consistency above 30% for most sizes suggests steady baseline demand, though no property type is achieving the kind of occupancy rates that would indicate supply shortages.

Average monthly revenue by property size in Fargo

Monthly revenue differences are dramatic: 5-bedroom listings average $4,831 per month—nearly five times the $982 earned by 1-bedroom units. The 4-bedroom tier at $3,025/month also stands out as a strong performer, offering a meaningful revenue bump over 3-bedrooms ($2,173) without the operational complexity of the largest homes.

Average annual revenue by property size in Fargo

On an annual basis, 5-bedroom properties in Fargo generate approximately $57,977, dwarfing the $11,794 earned by 1-bedroom listings. For investors weighing acquisition cost against revenue potential, the 3-bedroom ($26,080) and 4-bedroom ($36,304) tiers likely offer the most balanced return profile given their lower purchase prices relative to 5-bedroom homes.

Most common amenities for Airbnb listings in Fargo

Parking (95%) and kitchen access (93%) are near-universal among Fargo listings, reflecting practical guest expectations in a car-dependent market with extended-stay appeal. Self check-in at 88% and workspace at 67% signal that hosts are catering to both convenience-focused travelers and remote workers—amenities that investors should treat as baseline requirements rather than differentiators.

Understanding Fargo's ROI Score: 53/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Fargo's ROI Score of 53 out of 100 places it in the Competitive Opportunity band, indicating that while investor demand and fundamentals are present, the market requires more selective deal sourcing to achieve strong returns. All four calculation factors—Revenue-to-Price Ratio, Occupancy Stability, and Market Growth Trend (each average) plus Supply/Demand Balance (below average)—point to a market where rising competition is beginning to compress margins. Pairing this score with thorough local regulatory research and a focus on higher-earning property sizes will help investors identify the deals that actually pencil out.

Short-Term Rental Regulations in Fargo

Understanding local STR regulations is essential before investing in Fargo. Here's the current regulatory landscape:

Permit Requirements

Fargo, North Dakota may require short-term rental operators to obtain a business license or conditional use permit depending on the property's zoning district. Investors should verify current permit and registration requirements directly with the City of Fargo planning department before listing a property.

Key Restrictions

Common restrictions that may apply in Fargo include occupancy limits, parking requirements, noise ordinances, and potential HOA rules that could prohibit or limit short-term rentals. Some neighborhoods may also have minimum stay requirements or caps on the number of permitted STR properties, so reviewing local zoning codes and any applicable homeowners association covenants is essential.

Tax Obligations

Short-term rental operators in North Dakota are generally required to collect and remit state sales tax and applicable city lodging taxes on stays under 30 days. Platforms like Airbnb often handle tax collection in many jurisdictions, but hosts should confirm their specific obligations with the North Dakota Tax Commissioner's office.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Fargo can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Fargo's STR market is expected to maintain its pronounced summer peak, with July likely continuing as the strongest revenue month. ADR may see modest increases in the range of 1–3% as supply growth stabilizes and hosts compete on quality and amenities. Occupancy rates are estimated to hover around 33–37% market-wide, though larger properties (4–5 bedrooms) could outperform given their substantially higher RevPAN. Investors entering now should plan for softer winter months—February averaged just $960—while capitalizing on robust summer demand."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Fargo, ND

What is the average Airbnb occupancy rate in Fargo?

The average occupancy rate for Airbnb listings in Fargo is currently 35%, which is slightly below the North Dakota state average of 38%. Occupancy varies by property size—studios and 1-bedroom units tend to perform best at around 39%, while 2-bedroom listings average 29%. Seasonality also plays a significant role, with summer months driving the highest booking volumes.

How much do Airbnb hosts make in Fargo?

On average, Airbnb hosts in Fargo earn approximately $1,725 per month or $20,701 annually based on trailing 12-month booking data. Revenue varies significantly by property size: 1-bedroom listings average about $982/month, while 5-bedroom properties can bring in roughly $4,831/month. Peak summer months like July see average revenue climb to $2,565, whereas February is the softest month at around $960.

Is Fargo a good market for Airbnb investment?

Fargo scores a 53 out of 100 on Rabbu's ROI Score, placing it in the "Competitive Opportunity" category. This means demand and investor interest are solid, but higher competition and a tighter supply-demand balance require careful deal selection. Investors targeting larger properties (3+ bedrooms) tend to see substantially higher returns, and those who optimize for peak summer demand while managing winter costs can build a sustainable income stream. Pairing this data with local regulatory research is recommended before purchasing.

What is the average daily rate (ADR) for Airbnb in Fargo?

The current average daily rate for Airbnb listings in Fargo is $147, which sits below the North Dakota state average of $161. ADR scales significantly with property size—studios average $78 per night while 5-bedroom properties command $341 per night. This pricing spread suggests investors can capture meaningful rate premiums by offering larger, well-appointed homes.

Are short-term rentals legal in Fargo?

Short-term rentals are generally permitted in Fargo, though operators may need to obtain appropriate business licenses or permits depending on zoning. Regulations can vary by neighborhood and may include occupancy limits, parking requirements, and noise ordinances. It's important to check with the City of Fargo's planning department and review any HOA restrictions before listing a property.

When is peak season for Airbnb in Fargo?

Peak season for Airbnb in Fargo runs from May through August, with July being the strongest month at an average revenue of $2,565 per listing. June and August also perform well, averaging $2,059 and $2,114 respectively. The off-peak months are January and February, when revenue drops to $1,155 and $960, reflecting the seasonal nature of travel in the Northern Plains.

How many Airbnbs are there in Fargo?

As of April 2026, there are 146 active Airbnb listings in Fargo. The supply is concentrated in smaller properties, with 1-bedroom units accounting for the largest share at 48 listings, followed by 2-bedrooms (33) and 3-bedrooms (26). Year-over-year listing growth has been significant at 99%, indicating rapidly increasing investor interest in the market.

How is Airbnb revenue calculated in Fargo?

The annual and monthly revenue figures shown for Fargo are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the remaining data up into a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts by market and property size
• Average daily rates, occupancy rates, and RevPAN metrics across multiple dimensions
• Monthly and annual revenue trends based on trailing 12-month historical booking data
• Property value benchmarks sourced from the Zillow Home Value Index (ZHVI)
• Data aggregated from multiple proprietary and third-party sources for consistency

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Market data is updated periodically and may not reflect the most recent changes in local supply, demand, or regulatory conditions. Individual property results vary based on location, condition, pricing strategy, amenities, and management quality.