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Zip Code 58103

Fargo, ND • Cass County

Real Estate Market Analysis

Q3 2025 Report
$265,000 (June 2025)
Median Home Value
~38,000
Population
$61,000
Median Income
Above average (GreatSchools: 7/10)
School District Rating

Market Statistics

Property Values

$265,000 (June 2025)
Median Home Value
$1,150 (estimated, 2025)
Median Rent
$153 (up 12.9% YoY)
Price per Sq Ft

Market Performance

Home Appreciation-1.9% YoY (median sale price)
Market VelocityAvg. 29 days on market; hot homes pending in 15 days
Foreclosure RateLow (no significant increase reported)

Area Information

Area SizeApprox. 13 sq mi
CountyCass
Primary CityFargo

Housing Profile

Housing Statistics

Total Housing Units~13,000
Owner Occupied54%
Rental Properties46%
Vacant Units6%
New ConstructionModerate, with infill and some multi-family projects

Housing Types

Single-family homesTownhomesCondominiumsMulti-family apartments

Demographics

~38,000
Population
32
Median Age
$61,000
Median Income
96%
Employment Rate
35% bachelor's degree or higher
Education Levels
Mix of families, singles, and young professionals
Family Composition

Education Quality

School District Performance

Above average (GreatSchools: 7/10)
District Rating
School DistrictFargo Public School District
Test ScoresConsistently above state average
Graduation Rates91%

Schools in Area

  • Eagles Elementary
  • Carl Ben Eielson Middle School
  • South High School

Economic Factors

Employment & Business

Job Growth2.1% YoY (2025)
Unemployment Rate3.2%
Business EnvironmentStrong healthcare, tech, and education sectors
Commercial ActivityActive retail and service corridors along 13th Ave S and 45th St

Major Employers

  • Sanford Health
  • Essentia Health
  • North Dakota State University
  • Microsoft
  • Blue Cross Blue Shield

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • I-94
  • • US-81/University Dr
  • • MATBUS public transit

Utilities & Services

  • • City water/sewer
  • • Xcel Energy (electric/gas)
  • • Waste Management

Quality of Life

Safety & Environment

Moderate; property crime slightly above national average, violent crime below average

Good air and water quality; well-maintained parks

Healthcare Access

  • • Sanford Medical Center
  • • Essentia Health-Fargo

Development Trends

Planned Developments

  • Mixed-use infill projects near 32nd Ave S
  • New apartment complexes along 45th St

Infrastructure Projects

  • • Road widening on 13th Ave S
  • • Stormwater upgrades

Investment Outlook

Growth Outlook

Stable, with moderate population and housing growth projected

Investment Opportunities

  • • Value-add multi-family
  • • Single-family flips
  • • Short-term rentals

Marketing Intelligence

Target Demographics

  • Young professionals
  • First-time buyers
  • Medical staff
  • Investors

Competitive Advantages

  • Central location
  • Strong rental demand
  • Good schools

Pricing Strategies

Competitive pricing just below city median to attract buyers in a buyer's market

Common Objections & Response Strategies

Objection: Concerns about property crime rates

Response Strategy:

Highlight neighborhood watch programs, police presence, and lower violent crime rates

Objection: Older housing stock

Response Strategy:

Emphasize recent renovations, energy upgrades, and value pricing

Objection: Market uncertainty

Response Strategy:

Point to stable job growth, strong rental demand, and moderate appreciation

Professional Recommendations

1

Focus on updated, move-in-ready listings

2

Leverage virtual tours and targeted social media ads

3

Network with local employers for relocation referrals

4

Educate buyers on value vs. newer suburbs

5

Highlight walkability, transit, and proximity to healthcare

Competitive Analysis

Comparable Markets

  • 58104 (South Fargo)
  • 58078 (West Fargo)
  • 58102 (Downtown Fargo)

Market Positioning

Value-driven, centrally located, strong rental market

Competitive Advantages

  • More affordable than 58104/58078
  • Central location
  • Established neighborhoods

Price Comparison

58103 median home price is $265K vs. $310K in Fargo overall

Investment Metrics

5.8%–6.5% (multi-family, 2025)
Cap Rates
6.2% gross yield (avg.)
Rental Yields
~19.2
Price-to-Rent
Positive for well-managed rentals, especially updated units
Cash Flow
1–2% annual appreciation expected
Appreciation

Buyer Journey Insights

First-Time Buyers

Good inventory of affordable homes and condos; down payment assistance available

Move-Up Buyers

Opportunities for larger homes at below-city-median prices

Downsizers

Townhomes and condos with low maintenance appeal

Investors

Strong rental demand, especially near medical centers and universities

Relocators

Central location, easy access to major employers and amenities

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.