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Steady Job Growth and Balanced Fundamentals Fuel a Resilient Multifamily Market in Fargo, North Dakota

Historically Restrained Supply and Stable Employment Market Drive Strong Rent Growth
By Brian Anderson
CoStar Analytics
September 27, 2023 | 8:55 P.M.

Fargo, North Dakota, the state’s largest city, situated along the eastern border with Minnesota and just over 200 miles from Minneapolis, saw total nonfarm payrolls increase by 0.7% year over year in August, according to the most recent data from the U.S. Bureau of Labor Statistics. Steady job growth and fundamentals are supporting a relatively strong multifamily market.

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