AMI / Income-Limit Affordability

AI summary — generated from this report's data

The estimated rent for this unit is $2,368/mo. This is above the $2,304/mo affordable to an 80%-AMI household in the Fargo, ND-MN MSA, based on the 30%-of-income standard. The Area Median Income (100% AMI) for this MSA is $115,200/yr.

The estimated rent of $2,368/mo exceeds the $2,304/mo affordable to an 80%-AMI household.
The 80%-AMI affordability threshold is $2,304/mo, derived from an Area Median Income of $115,200/yr.
Consider how the estimated rent aligns with various AMI bands, as presented in the 'Affordable rent by AMI band' section.

mediumThe estimated rent of $2,368/mo is above the $2,304/mo affordable to an 80%-AMI household, which may limit the pool of low-income renters who can afford this unit based on the 30%-of-income standard.

Advisory read: The reader should weigh the implications of the estimated rent's position relative to the 80%-AMI affordability threshold for their specific objectives.

Affordable rent by AMI band — Fargo, ND-MN MSA

Income band	Annual income (4-person)	Affordable rent (30%)
100% AMI (area median)	$115,200	$2,880
80% AMI (low income)	$92,150	$2,304
50% AMI (very low income)	$57,600	$1,440
30% AMI (extremely low income)	$34,550	$864

HUD Income Limits; affordable rent = 30% of the band income, monthly.

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

AMI / Income-Limit Affordability for Demo Property · West Fargo, ND

Affordable rent by AMI band — Fargo, ND-MN MSA

AMI affordability