Fargo, North Dakota Short-Term Rental Market Overview

Population: 133,188
Annual Visitors: 25,600,000
Total STRs: 328
ADR: $143.49

Visitor Profile

Visitors to Fargo, North Dakota, are often diverse but share a common interest in exploring its unique blend of cultural, historical, and entertainment attractions. The typical visitor avatars include history enthusiasts eager to visit iconic sites like the Fargo Theatre, which is renowned for its historic art deco architecture and live performances. Additionally, families and outdoor lovers are drawn to the city’s museum collections, parks, and quirky roadside attractions, such as the famous Fargo Woodchipper from the movie. Foodies and culture seekers also enjoy the vibrant downtown area, featuring local eateries and artistic venues that celebrate Fargo’s Scandinavian and German heritage. These visitors value authentic experiences, interactive exhibits, and local history, making Fargo a memorable destination for both leisure and discovery.

Top Attractions

Fargo, North Dakota, offers a vibrant mix of historical sites, cultural attractions, and family-friendly activities that make it a compelling travel destination. Visitors can explore the iconic Fargo Woodchipper from the famous film, visit Bonanzaville, a historic pioneer village, and enjoy art in local museums. The city’s museums and theaters, such as the Fargo Theatre and the Plains Art Museum, showcase its rich heritage and thriving arts scene. Nature enthusiasts will appreciate the Red River Zoo and outdoor recreational spots like the Fargo Parks Sports Complex, providing a perfect blend of education and entertainment.

Beyond its attractions, Fargo’s unique ‘North of Normal’ attitude ensures a memorable experience filled with offbeat stops, roadside oddities, and lively events throughout the year. From exploring the historic Fargo-Moorhead Visitors Center to discovering quirky roadside attractions, the city encourages visitors to embrace its distinct charm. Whether you’re seeking cultural experiences, outdoor adventures, or just a fun, small-town vibe, Fargo’s diverse offerings make it an exciting destination for all kinds of travelers.

Regulations

Navigating the short-term rental landscape in Fargo, North Dakota, involves understanding a regulated framework that balances the interests of property owners, residents, and city management. Hosts considering short-term rentals should be prepared for a structured set of rules that typically address licensing, zoning, safety, and tax compliance, ensuring their rental operations integrate smoothly with local community standards and legal requirements. While Fargo’s regulations may impose specific conditions on licenses, occupancy, and operational standards, gaining full clarity on these details is crucial before listing to avoid potential penalties or disruptions.

Key Regulatory Considerations:

– Licensing and Permits: Prospective short-term rental operators are usually required to obtain a specific permit or license from the city. This process may include submitting application forms, meeting safety inspections, and paying associated fees. Renewals and ongoing compliance checks can also be part of the framework.

– Primary Residence Requirements: Rules might stipulate whether the property must be the host’s primary residence or if non-owner-occupied rentals are permitted. Some jurisdictions also limit the number of rental days if the property is not owner-occupied.

– Zoning and Location: Local zoning laws typically designate where short-term rentals are allowed, with possible restrictions in certain residential zones to preserve neighborhood character.

– Occupancy, Health & Safety: Regulations often define maximum occupancy limits and require adherence to health and safety standards. Mandatory installations might include smoke detectors, carbon monoxide alarms, and fire extinguishers to ensure guest safety.

– Tax Obligations: Hosts must collect and remit applicable transient accommodation taxes and potentially other sales or lodging taxes, in alignment with city and state tax codes.

– Operational Standards & Enforcement: Rules can govern advertising disclosures, guest behavior, noise levels, and trash management. Non-compliance can lead to fines, license revocation, or other penalties.

For the most current and legally binding information, property owners should consult the City of Fargo’s Official Website. This source provides access to ordinances, licensing details, and contact information for departments overseeing short-term rental regulations, ensuring hosts receive accurate guidance tailored to Fargo’s municipal policies.

Fargo, North Dakota Market Performance Trends

LTM Avg. Daily Rate$157.00
LTM Occupancy Rate57.1%
LTM Avg. Revenue$1,907

Fargo, North Dakota Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:63.4% Booked
  • 4-6 Months:57.5% Booked
  • 7-9 Months:46.3% Booked
  • 10-12 Months:7.8% Booked

Cancellation Policies

  • Flexible:41.8%
  • Moderate:36.1%
  • Strict:20.6%
  • Super Strict:20.6%
  • N/A:0.5%

Minimum Stay

  • 1 Day:101
  • 2 Days:84
  • 3 Days:21
  • 4-6 Days:14
  • 7-29 Days:14
  • 30+ Days:31

Fargo, North Dakota Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.78 / 5
  • Cleanliness:4.80 / 5
  • Location:4.85 / 5
  • Value:4.79 / 5
  • Accuracy:4.85 / 5
  • Check-in:4.90 / 5
  • Communication:4.91 / 5

More Locations In North Dakota

No other locations currently listed in this area.

More Locations In North Dakota

No other locations currently listed in this area.

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