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RentariIQLeasing Velocity & Market Speed
Report ID: FlqlGFdk8sVgGjpl
Prepared: August 03, 2026
Leasing Velocity & Market Speed for
Demo Property · West Fargo, ND
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Leasing velocity: rentals in ZIP 58078 typically spend ~12 days on market, 146 active listings, 12 newly listed.
AI summary — generated from this report's data
Rentals in ZIP 58078 typically spend approximately 12 days on the market. There are currently 146 active rental listings in the area, with 12 of these being newly listed. The median asking rent for the ZIP code is $1,415.
The median days on market of 12 days indicates a fast leasing velocity for rentals in ZIP 58078.
The new listings share is 8.2%, representing 12 newly listed properties out of 146 active listings.
The reader should verify the specific unit size velocity and recent months' trends to further inform their decision.
Advisory read: The data suggests weighing the fast leasing velocity against the median asking rent of $1,415 for ZIP 58078 when considering the property's rental strategy.
Median days on market
12 days
ZIP 58078 · active rental listings
Median days on market
12 days
active rental listings
Median asking rent
$1,415
ZIP 58078
Active rental listings
146
current inventory
New listings share
8.2%
12 newly listed
Velocity by unit size
Unit size
Median asking rent
Median days on market
Active listings
Studio
$750
69 days
3
1-bed
$933
91 days
25
2-bed
$975
39 days
42
3-bed
$1,895
1 days
56
4-bed
$2,445
1 days
19
5-bed
$2,950
—
1
Recent months
Month
Median asking rent
Median days on market
Active listings
2026-08
$1,415
12 days
146
2026-07
$1,350
9 days
150
2026-06
$1,400
6 days
154
2026-05
$1,379
4 days
166
2026-04
$1,565
1 days
179
2026-03
$1,845
1 days
175
Monthly snapshots of the ZIP's active rental listings (RentCast).
How to read this
Median time on market here is 12 days — fast (typical listing leases in under ~3 weeks) by the disclosed rubric (<21 fast, 21–45 moderate, >45 slow). Longer vacancy is itself a cost: every extra week vacant costs roughly 1/4 of a month's rent, which is worth weighing against holding out for a higher ask. Descriptive market context only — you set your own price and terms.
Source: RentCast ZIP market statistics (listing-derived, asking-side, refreshed frequently). Cached per ZIP so repeat reports share one call.
Objective market-speed indicators only — no protected-class or neighborhood-desirability signal, and none of this feeds a rent estimate.
Advisory context; actual lease-up time depends on price, condition, and season.
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.
RentariIQLeasing Velocity & Market Speed