Fargo, ND-MN Metro Area: Median Gross Rent Trend
How Fargo, ND-MN Metro Area's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$770
2023
$940
Total change
+$170
% change
+22.1%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $770 | — |
| 2019 | $837 | +$67 (8.7%) |
| 2020 | $835 | $2 (-0.2%) |
| 2021 | $855 | +$20 (2.4%) |
| 2022 | $919 | +$64 (7.5%) |
| 2023 | $940 | +$21 (2.3%) |