Benchmark Rent Trends for Demo Property · West Fargo, ND

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The FY2026 HUD SAFMR benchmark for a 4-bedroom in 58078 is $2,080/mo — up 9.5% year over year. HUD benchmark — 40th-percentile administrative standard, typically below market asking rents.

AI summary — generated from this report's data

The FY2026 HUD SAFMR benchmark for a 4-bedroom property in ZIP code 58078 is $2,080/month, reflecting a 9.5% increase year-over-year. This benchmark has shown a 3-year Compound Annual Growth Rate (CAGR) of +7.2% per year. The current median asking rent for 4-bedroom properties in ZIP 58078 is $2,445/month, which is above the HUD benchmark.

The HUD SAFMR benchmark for 4-bedroom properties in 58078 has increased by 9.5% year-over-year, indicating a notable upward trend in this administrative standard.
The median asking rent for 4-bedroom properties in ZIP 58078 is $2,445/month, which is higher than the FY2026 HUD SAFMR benchmark of $2,080/month.
It would be beneficial to consider the 12-day median days on market for active rental listings in ZIP 58078, as this can provide insight into the current demand and absorption rate for rental properties.

mediumThe HUD SAFMR benchmark is a 40th-percentile administrative standard and typically lags the current market by 2-4 years, meaning it may not fully reflect present market conditions.

Advisory read: The data suggests weighing the observed trends in the HUD SAFMR benchmark against the current live asking rents and market activity in ZIP 58078 when considering your property's market position.

4-bedroom HUD benchmark

$2,080/mo

58078 · FY2026

4-bedroom benchmark (FY2026)

$2,080

HUD SAFMR (40th pctile)

Year-over-year

+9.5%

SAFMR benchmark

3-year CAGR

+7.2%/yr

benchmark trend

ZIP vs. metro median

16.5% above

Fargo, ND-MN MSA

National CPI rent (YoY)

+3.1%

BLS · May 2026

Census ACS baseline

$2,424/mo

ACS 5-yr · acs5_2024

HUD SAFMR by bedroom — FY2026

Bedrooms	Benchmark rent (40th pctile)	Fiscal year
Studio	$860	FY2026
1-bedroom	$1,020	FY2026
2-bedroom	$1,240	FY2026
3-bedroom	$1,720	FY2026
4-bedroom	$2,080	FY2026

Source: HUD Small-Area Fair Market Rents (fy2026_rev). HUD benchmark — 40th-percentile administrative standard, typically below market asking rents.

What the benchmarks say

This ZIP benchmarks 16.5% above its metro median (Fargo, ND-MN MSA). National CPI rent moved +3.1% over 12 months (May 2026) — an index of change, not a dollar rent level. The Census ACS 5-year median gross rent baseline is $2,424/mo (acs5_2024) — 5-year rolling average; lags the current market by 2–4 years.

Live asking rents — ZIP 58078

Median asking rent (all sizes)$1,415/mo

Median asking rent (4-bed)$2,445/mo

Median days on market12 days

Active rental listings146

RentCast listing-derived asking rents for the ZIP — a live market cross-check beside the government benchmarks above. Asking rents typically run ahead of (and above) executed rents; context only, never an input to a rent estimate.

How to read these numbers

HUD benchmark — 40th-percentile administrative standard, typically below market asking rents. 5-year rolling average; lags the current market by 2–4 years. an index of change, not a dollar rent level. These are sourced government benchmarks — context for your own pricing decision, never an instruction and never an input to a rent estimate.

Benchmark trend: HUD Small-Area Fair Market Rents (fy2026_rev).
Data from HUD / U.S. Census Bureau / BLS; these agencies do not endorse this product.
Every trend line has a named government source, a vintage, and a caveat.
Sourced benchmark trends — public-domain government data, not Zillow-style monthly asking rents, and never derived from other landlords' private 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