How to Rent Your Vacation Home or Condo in Fargo, North Dakota

For those wanting to earn some extra money while on vacation, renting out your Fargo home as a short-term rental can be a great way to do so. With so much demand for vacation rentals in Fargo these days, it’s no surprise that the rental market is booming. However, it’s important to keep in mind that the number of short-term rentals in Fargo is growing quickly, and that this trend isn’t necessarily good news for local residents. While there are pros and cons to renting out your Fargo home as a short-term rental, there are a few things you should consider before making the decision to go ahead with it.

Current Vacation Rental Trends in Fargo

During the month of September, West Fargo, for example, is projected to generate over $236/night for a 4 bedroom vacation rental, on average! There were 17 vacation active rental properties in Fargo.  12 are renting the entire place, and 5 are shared rooms.  On average, during the month of September 2022, each vacation rental property in West Fargo is booked 81% of the time, and most hosts are projected to generate $4,001 or more during the month of September! Is your home in Fargo, or another neighborhood in Fargo, North Dakota? See how much you could earn with your Fargo vacation rental.
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$236.00 Per Night*

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80% Occupied*

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$4,001.00 Per Month*

* Based on the median average of all vacation rentals in the Fargo area.
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Vacation Rentals in Fargo are Generating Record Profits with RedAwning

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Successful short-term vacation rentals in Fargo, North Dakota

Positive vacation rental trends in Fargo, North Dakota when you considering renting out your Fargo home as a short-term rental include: In recent years, more people have been renting their homes to travelers. This trend has been fueled by the high demand for vacation rentals in Fargo, North Dakota. In addition, many people are choosing to stay in Fargo for long periods of time because of the low unemployment rate and affordable housing costs. As a result, there is often a shortage of available apartments and houses in Fargo that can be rented as short-term rentals. If you are interested in renting out your Fargo home as a short-term rental, it's important to take these positive vacation rental trends into account when choosing the right property.

Positive vacation rental trends in Fargo, North Dakota when you considering renting out your Fargo home as a short-term rental are: All the major tech companies (Google, Apple, Facebook, YouTube) as well as other large companies are now offering virtual office spaces to their employees. This trend is especially popular among tech companies with offices in cities like Fargo. The population of Fargo has been steadily growing over the past decade. As more people move to the city, they’re looking for convenient and affordable housing options. And with so many short-term vacation rentals available in the area, it’s easy for people to find a place to stay when they visit Fargo for a short term business trip or vacation.

Revenue Projections for Vacation Rentals in West Fargo/Fargo, North Dakota during September, 2022

Based on a 3 bedroom, which is the most common Fargo vacation rental home size, we've come up with an estimated rental amount you could charge per night, along with the percentage of properties available during each day in September. Days with less availability can command higher prices, if your Fargo vacation rental is available during these days.
 
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Average Daily Rate & Availability Next Month, September 2022, In West Fargo/Fargo, North Dakota

Note: These averages are based on a 3 bedroom home in West Fargo. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Fargo, North Dakota?

If you are a speculative home buyer or have another home in North Dakota, check out our other North Dakota Vacation Rental Management reports in Bismarck,  and Grand Forks, North Dakota or view all of our vacation rental market reports

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