Why Fargo Short-Term Rentals Are Hot Right Now
Fargo short-term rentals are gaining traction among investors, aided by the city’s energetic downtown, vibrant arts scene, and beloved local attractions like the Fargo Air Museum. With year-round events and easy access to the scenic Red River, vacation rentals in Fargo offer travelers a unique Midwest experience—and investors, strong returns.
Quick Takeaways
- Over 475 active Fargo short-term rental listings
- Average Daily Rate near $145; Occupancy ~64%
- YOY revenue growth: 11% in 2024
- Strict cancellation policies favored by guests
- Key investor tip: proximity to Fargo Theatre boosts bookings
- Consider seasonal demand from festivals and universities (NDSU)
Market Overview: Listing Growth
The number of active Fargo short-term rentals has steadily increased since 2022. New listings reflect rising investor interest and the city’s growing profile as a Midwest destination. Both entire homes and private rooms perform well.
ADR & Occupancy: Finely Balanced
Average Daily Rates (ADR) have risen to $145, driven by increased visitor demand. Occupancy rates hover around 64%, with peak booking periods aligned to major city events and college graduations.
YOY Revenue: Upward Trends
Year-over-year revenue for Fargo STR investing has climbed 11%. Investors note that updated properties near local attractions command premium rates and higher occupancy.
StaySTRa Analyzer
If you’re evaluating a specific property or narrowing your investment focus, the StaySTRa Analyzer lets you plug in an address and see actual STR performance data. It’s free to use and built for investors.
Guest Preferences: Cancellations Matter
Travelers in Fargo prefer flexible, but clear cancellation policies. Investors who set defined terms see improved booking rates and reduce guest disputes.
Investor Insights & Local Tips
Choose neighborhoods near top attractions and consider amenities for traveling families or university guests. Leverage Airbnb’s Fargo listings for competitive insights.
Make the Most of STR Investing in Fargo
Fargo short-term rentals present strong potential for both cash flow and appreciation. Whether you’re expanding your portfolio or eyeing your first property, due diligence and smart location choices are key. Ready to take the next investment step?
