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RentariIQRental Affordability & Rent-Burden
Report ID: uy8DjL5TM941cqZI
Prepared: August 03, 2026
Rental Affordability & Rent-Burden for
Demo Property · West Fargo, ND
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Area context (demo location hidden)
A median-earning household in ZCTA5 58078 could afford about $2,276/mo at the 30%-of-income standard.
AI summary — generated from this report's data
The estimated rent for this unit is $2,368/mo. A median-earning household in ZCTA5 58078 could afford approximately $2,276/mo based on the 30%-of-income standard. The median gross rent in ZCTA5 58078 is $1,109/mo, with a median rent burden of 26.7%.
The estimated rent of $2,368/mo for this unit is above the $2,276/mo affordable rent for a median-earning household in ZCTA5 58078.
The median gross rent in ZCTA5 58078 is $1,109/mo, which is significantly lower than this unit's estimated rent.
Consider the local rental market dynamics and property features that may contribute to the difference between the estimated rent and the area's median gross rent.
mediumThe estimated rent of $2,368/mo is higher than the $2,276/mo affordable rent for a median-earning household in ZCTA5 58078, suggesting potential rent burden for such households.
Advisory read: Weigh the estimated rent of $2,368/mo against the ZCTA5 58078 median affordable rent of $2,276/mo and the area's median gross rent of $1,109/mo, considering the property's specific attributes.
Affordable rent (30% of income)
$2,276/mo
ZCTA5 58078 · ACS median income
Affordable rent (30% of income)
$2,276
ZCTA5 58078 median household income
Median gross rent
$1,109
ZCTA5 58078 (ACS)
Median rent burden
26.7%
rent as % of income (ACS)
This unit — est. rent
$2,368
Rentari IQ estimate
Affordability — ZCTA5 58078
Median household income$91,040/yr
Affordable rent (30% standard)$2,276/mo
Area median gross rent$1,109/mo
Median rent burden26.7%
US Census ACS 5-year; 30%-of-income is HUD's standard affordability threshold.
Affordability check
At ~$2,368/mo, this unit's estimated rent is above the $2,276/mo a household earning the area median could spend at the 30%-of-income standard — likely rent-burdened for a median earner.
Source: US Census Bureau ACS 5-year (free public data). 30%-of-income is HUD's standard affordability threshold.
Area medians describe the market, not any specific household or protected class — income is used only for the standard affordability ratio, never as a desirability signal.
Advisory context; you set your own rents.
Report generated on August 03, 2026. Figures are retrieved live or from a short-lived
cache (up to 30 days for some public-data sources), so a figure may pre-date this report —
each context card states its own data vintage. Comparable recency is shown per comp;
county assessment figures reflect the assessor's latest published tax year; HUD figures
reflect the current published fiscal year.
Rentari IQ rent estimates are informational market references, not pricing instructions. They are generated from your own property data, real comparable market listings, and — where local listing data is limited — AI-estimated market references (clearly labelled as such), never from other landlords' confidential rents, to support your own independent pricing decisions. You set your rents; Rentari does not. Every estimate is an advisory data point, and you remain solely responsible for the rent you charge. Estimates are not appraisals or legal advice and do not account for fair-housing, rent-control, or local pricing laws. Confirm every rent independently and comply with all applicable federal, state, and local requirements.
Disclaimer
This report is for informational purposes only and does not constitute financial, legal, investment, tax, or appraisal advice. Figures are drawn from the public and licensed data sources below and, where noted, AI-generated insights (Google Gemini) — always labelled as such. Please consult qualified professionals before making any decision.
Data sources
Rent comps & listings: RentCast · Property value, tax & assessment: ATTOM Data · Fair Market Rents & income limits: HUD (HUD.gov) · Demographics, income & housing medians: U.S. Census Bureau (American Community Survey) · New-construction supply: U.S. Census Bureau (Building Permits Survey) · Migration & income flows: IRS (Statistics of Income) · Employment, wages & rent inflation: U.S. Bureau of Labor Statistics · Flood zones & natural-hazard risk: FEMA (Flood Hazard Layer, National Risk Index) · Environmental screen & walkability: U.S. EPA (Superfund, AirNow, Walkability Index) · Seismic design values: U.S. Geological Survey · Mortgage market & rates: HMDA / Freddie Mac · Street View & geocoding: Google Maps · AI summaries & AI-estimated comps: Google Gemini (clearly labelled where used) · Your own executed leases: de-identified, from your account only
✦IQ AnalystAnswers only from this report
Ask me anything about this report — I answer only from the data saved in it.
Answers are advisory reads of this report's saved data — not pricing instructions or legal/financial advice.
RentariIQRental Affordability & Rent-Burden