What HUD offices serve Fargo, North Dakota?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the North Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Fargo.
How many renters live in Fargo, North Dakota?
The City of Fargo has people living in households.
There are renters living in renter households in this City. Renters make up 47.23 percent of the population living in Fargo.
What is the rental market like in Fargo, North Dakota?
There are an estimated housing units in the Fargo area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fargo, North Dakota, there are 1.04 rental units.
What is the vacancy rate for rentals in Fargo?
The rental vacancy rate in Fargo is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Fargo for each bedroom size?
Occupied Rental Units by Size in Fargo
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 2,069 | 9,195 | 16,130 | 4,848 | 980 |
Occupied Rental Units by Size in Fargo
A large number of apartments in Fargo have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Fargo
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $656 to $1,602. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $656 |
| One BR | $781 |
| Two BR | $944 |
| Three BR | $1,330 |
| Four BR | $1,602 |
2024 Fair Market Rents in Fargo, North Dakota
How many units are rented at Fair Market Rent (FMR) in Fargo?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 670 | 32 percent |
| One BR | 4,682 | 51 percent |
| Two BR | 10,261 | 64 percent |
Rental Units Below FMR in Fargo, North Dakota
How many affordable rental units are in Fargo?
There are a variety of federal affordable housing programs serving households in Fargo, North Dakota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Mod Rehab Project-Based Rental Assistance | |
| Section 811 Supportive Housing for Persons with Disabilities |
Tracked Units by Federal Program in Fargo, North Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fargo, North Dakota
Fargo features 1,142 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Fargo, North Dakota
There are 1,491 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fargo.
Housing Choice Vouchers in Fargo, North Dakota
On average, Section 8 Housing Choice vouchers pay Fargo landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Fargo.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fargo, North Dakota for a two-bedroom apartment is between $850 and $1,038.
Sourced from federal housing data and AffordableHousingOnline.com research.