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Rentari RentariIQAppraisal Market (UAD)
Report ID: 8hQGYvCyaCs3DFdC
Prepared: August 03, 2026

Appraisal Market (UAD) for Demo Property · West Fargo, ND

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Median appraised value $320,000 (2023); 8.9% of purchase appraisals below contract (FHFA UAD).
AI summary — generated from this report's data

The median appraised value for single-family homes in this county was $320,000 in 2023. Approximately 8.9% of purchase appraisals in 2023 were below the contract price, indicating a potential 'appraisal gap' risk. A total of 1,556 appraisals were conducted in 2023.

Advisory read: The data suggests weighing the county's median appraised value of $320,000 and the 8.9% rate of appraisals below contract when considering the property's valuation.

Median appraised value
$320,000
county · FHFA UAD 2023
Median appraised value
$320,000
county · 2023
Appraised below contract
8.9%
of purchase appraisals
Appraisals
1,556
in 2023

Median appraised value by year

326,352283,200240,048201820192020202120222023

FHFA Uniform Appraisal Dataset (Enterprise single-family).

By year

YearMedian appraisedBelow contractAppraisals
2018$246,0005.8%1,991
2019$262,3006.5%2,202
2020$285,0005.8%3,865
2021$287,00010.1%3,305
2022$320,40012.3%2,238
2023$320,0008.9%1,556

FHFA Uniform Appraisal Dataset (Enterprise single-family).

How to read this

Homes financed through the Enterprises in this county had a median appraised value of $320,000 in 2023, and 8.9% of purchase appraisals came in below the contract price — the 'appraisal gap' risk a buyer/agent watches. Appraised values are appraisal-time opinions on FINANCED single-family homes, not sale prices or the whole market. Objective published federal data, never an input to a rent or value estimate.
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