Zip Code: 58104 (Fargo, North Dakota) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in the 58104 Zip Code (Fargo, North Dakota) in February 2026 was $1,235.928. The month over month percentage change (MoM) was 0.62%, and the year over year percentage change (YoY) was 4.73%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 58104 zip code (Fargo, North Dakota). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 58104 zip code (Fargo, North Dakota).

You can see similar information for other North Dakota zip codes.

Note: Zillow Observed Rent Index (ZORI) is a smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just homes currently listed for-rent.

Data Source: Zillow.
Zip Code: 58104 (Fargo, North Dakota) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 58104 (Fargo, North Dakota) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 0 NaN NaN
Feb 2015 0 NaN NaN
Mar 2015 0 NaN NaN
Apr 2015 0 NaN NaN
May 2015 0 NaN NaN
Jun 2015 0 NaN NaN
Jul 2015 0 NaN NaN
Aug 2015 0 NaN NaN
Sep 2015 0 NaN NaN
Oct 2015 0 NaN NaN
Nov 2015 0 NaN NaN
Dec 2015 0 NaN NaN
Jan 2016 0 NaN NaN
Feb 2016 0 NaN NaN
Mar 2016 0 NaN NaN
Apr 2016 0 NaN NaN
May 2016 0 NaN NaN
Jun 2016 0 NaN NaN
Jul 2016 0 NaN NaN
Aug 2016 0 NaN NaN
Sep 2016 0 NaN NaN
Oct 2016 0 NaN NaN
Nov 2016 0 NaN NaN
Dec 2016 0 NaN NaN
Jan 2017 0 NaN NaN
Feb 2017 0 NaN NaN
Mar 2017 0 NaN NaN
Apr 2017 0 NaN NaN
May 2017 0 NaN NaN
Jun 2017 0 NaN NaN
Jul 2017 0 NaN NaN
Aug 2017 0 NaN NaN
Sep 2017 0 NaN NaN
Oct 2017 0 NaN NaN
Nov 2017 0 NaN NaN
Dec 2017 0 NaN NaN
Jan 2018 0 NaN NaN
Feb 2018 0 NaN NaN
Mar 2018 0 NaN NaN
Apr 2018 0 NaN NaN
May 2018 0 NaN NaN
Jun 2018 0 NaN NaN
Jul 2018 0 NaN NaN
Aug 2018 0 NaN NaN
Sep 2018 0 NaN NaN
Oct 2018 0 NaN NaN
Nov 2018 0 NaN NaN
Dec 2018 0 NaN NaN
Jan 2019 0 NaN NaN
Feb 2019 0 NaN NaN
Mar 2019 0 NaN NaN
Apr 2019 0 NaN NaN
May 2019 0 NaN NaN
Jun 2019 0 NaN NaN
Jul 2019 0 NaN NaN
Aug 2019 0 NaN NaN
Sep 2019 0 NaN NaN
Oct 2019 0 NaN NaN
Nov 2019 0 NaN NaN
Dec 2019 0 NaN NaN
Jan 2020 0 NaN NaN
Feb 2020 0 NaN NaN
Mar 2020 0 NaN NaN
Apr 2020 0 NaN NaN
May 2020 0 NaN NaN
Jun 2020 0 NaN NaN
Jul 2020 0 NaN NaN
Aug 2020 0 NaN NaN
Sep 2020 0 NaN NaN
Oct 2020 0 NaN NaN
Nov 2020 0 NaN NaN
Dec 2020 0 NaN NaN
Jan 2021 0 NaN NaN
Feb 2021 0 NaN NaN
Mar 2021 0 NaN NaN
Apr 2021 0 NaN NaN
May 2021 0 NaN NaN
Jun 2021 0 NaN NaN
Jul 2021 0 NaN NaN
Aug 2021 0 NaN NaN
Sep 2021 0 NaN NaN
Oct 2021 0 NaN NaN
Nov 2021 0 NaN NaN
Dec 2021 0 NaN NaN
Jan 2022 0 NaN NaN
Feb 2022 0 NaN NaN
Mar 2022 0 NaN NaN
Apr 2022 0 NaN NaN
May 2022 0 NaN NaN
Jun 2022 0 NaN NaN
Jul 2022 0 NaN NaN
Aug 2022 0 NaN NaN
Sep 2022 0 NaN NaN
Oct 2022 0 NaN NaN
Nov 2022 0 NaN NaN
Dec 2022 0 NaN NaN
Jan 2023 0 NaN NaN
Feb 2023 1065.7232862496153 Infinity Infinity
Mar 2023 1074.4875516229902 0.82 Infinity
Apr 2023 1092.44676787502 1.67 Infinity
May 2023 1083.8777119478875 -0.78 Infinity
Jun 2023 1090.9000534098625 0.65 Infinity
Jul 2023 1099.3740730899206 0.78 Infinity
Aug 2023 1114.4023500502094 1.37 Infinity
Sep 2023 1120.78047276476 0.57 Infinity
Oct 2023 1129.7606298916562 0.80 Infinity
Nov 2023 1148.977289584983 1.70 Infinity
Dec 2023 1150.3719055644822 0.12 Infinity
Jan 2024 1173.5737791890997 2.02 Infinity
Feb 2024 1174.1498910806913 0.05 10.17
Mar 2024 1179.5774912649454 0.46 9.78
Apr 2024 1161.803624002684 -1.51 6.35
May 2024 1166.6230699117127 0.42 7.63
Jun 2024 1171.5865605605964 0.43 7.40
Jul 2024 1173.3327795717469 0.15 6.73
Aug 2024 1166.027536030569 -0.62 4.63
Sep 2024 1172.2905182429847 0.54 4.60
Oct 2024 1179.0590689918793 0.58 4.36
Nov 2024 1182.6260685528166 0.30 2.93
Dec 2024 1189.8321209596054 0.61 3.43
Jan 2025 1178.459111988529 -0.96 0.42
Feb 2025 1180.0943372921247 0.14 0.51
Mar 2025 1182.870481039946 0.24 0.28
Apr 2025 1197.2854233838093 1.22 3.05
May 2025 1207.1212066724847 0.82 3.47
Jun 2025 1209.0793987086843 0.16 3.20
Jul 2025 1213.0403313158479 0.33 3.38
Aug 2025 1218.5555918020198 0.46 4.51
Sep 2025 1218.1970823567617 -0.03 3.92
Oct 2025 1218.5444495744212 0.03 3.35
Nov 2025 1216.2935450717457 -0.18 2.85
Dec 2025 1219.6144759528077 0.27 2.50
Jan 2026 1228.308905979393 0.71 4.23
Feb 2026 1235.9278812974464 0.62 4.73