2024 · North Dakota
Rental yield in North Dakota
In 2024, the typical rental in North Dakota produced a gross yield of 4.4% — $980/mo median rent against a $266K median home value, ranking 34th of 51 states.
4.4%
Gross rental yield
below the 4.9% U.S. median
$980/mo
Median gross rent
incl. utilities (ACS)
$266K
Median home value
owner-occupied (ACS)
North Dakota metros by yield
Metropolitan areas in North Dakota with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Minot, ND | 4.9% | $1,091/mo | $265K |
| Grand Forks, ND-MN | 4.3% | $958/mo | $266K |
| Fargo, ND-MN | 4.0% | $997/mo | $300K |
| Bismarck, ND | 3.7% | $935/mo | $306K |
Frequently asked questions
What is the gross rental yield in North Dakota?
In 2024, North Dakota had a gross rental yield of 4.4% — $980/mo median gross rent against a $266K median home value. That ranks 34th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which North Dakota metros have the best rental yield?
Among North Dakota metros covered by the data, gross yield was highest in Minot, ND (4.9%), Grand Forks, ND-MN (4.3%), and Fargo, ND-MN (4.0%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in North Dakota
Yield shows where the numbers work; our Investor Financing Report for North Dakota shows the rate premium, denial rate, and DSCR lending investors face there.
Run a North Dakota deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.