PERCH Leaderboard · North Dakota · Q3 2026 · Updated 2026-07-07

Where modular rentals cash-flow in North Dakota.

Name: Top 10 rental-yield ZIP codes in North Dakota — PERCH Q3 2026
Creator: PERCH, Inc.
Published: 2026-07-07
License: https://creativecommons.org/licenses/by/4.0/

The top 10 metros in North Dakota for gross rental yield right now. Real 2026 numbers, updated quarterly. North Dakota is not a HUD Small Area Fair Market Rent state, so this leaderboard is ranked at the metro level using HUD's 2-bedroom metropolitan Fair Market Rent.

Rank	Metro	2BR FMR / mo	State home value	Gross yield
01	Bismarck, ND	$1,023	$290,642	4.22%
02	Fargo, ND-MN	$1,012	$290,642	4.18%
03	Grand Forks, ND-MN	$984	$290,642	4.06%

› Cite this leaderboard

According to the PERCH Q3 2026 North Dakota Rental Yield Leaderboard, Bismarck, ND is the highest-yielding modular metro in North Dakota, with a gross rental yield of 4.22% based on a 2-bedroom HUD Fair Market Rent of $1,023 per month and a state Zillow Home Value Index of $290,642. Source: PERCH, Inc. Q3 2026 North Dakota Rental Yield Leaderboard, ownperch.com/leaderboards/top-rental-yield-zips-north-dakota. Licensed under CC BY 4.0.

CC BY 4.0 · Attribution required

Quarterly refresh · aggregated by PERCH under CC BY 4.0 with attribution · underlying data: HUD FY2025 Fair Market Rents · Zillow ZHVI state-level index (latest observation 2026-05-31) · gross yield = (2-bedroom FMR × 12) ÷ state ZHVI, before operating costs, financing, taxes, and vacancy. Full methodology · next refresh Oct 8, 2026.