4 tracked markets
Source: BNBCalc market metadata · Reviewed by Parker Place, CTO of BNBCalc.com · Data updated July 10, 2026
Grand Forks is the top North Dakota short-term rental market across Airbnb and Vrbo by gross yield, with 12.6% gross yield, $26,615 in average annual revenue, and 133 active listings.
Top gross yield
12.6%
Grand Forks
Median gross yield
10.0%
4 markets with yield data
Median annual revenue
$28.2K
Average listing revenue
Tracked markets
4
Statewide market coverage
Filter market rankings
Default rankings show all bedrooms at the average performance tier.
Bedroom count
Performance tier
#1
Grand Forks provides a low-competition environment with only 135 active listings and a 9.5% gross yield for short-term rental investors. While the annual revenue of $19,883 is modest, hosts can leverage the $200 average daily rate to build steady cash flow despite a 30% occupancy rate.
Yield
12.6%
Revenue
$26.6K
Listings
133
#2
The Fargo short-term rental market offers investors a solid 9.1% gross yield and an average daily rate of $226. However, with 404 active listings competing for guests, a low 33% occupancy rate means hosts must optimize pricing to capture a share of the $28,342 annual revenue.
Yield
10.6%
Revenue
$33.5K
Listings
416
#3
Lake Sakakawea presents a niche opportunity for short-term rental investors, featuring a 9.0% gross yield and a 37% occupancy rate. With only 86 active listings in the area, low competition helps hosts capture a share of the $23,672 annual revenue at a $190 average daily rate.
Yield
9.5%
Revenue
$25.2K
Listings
91
#4
Bismarck presents a low-competition environment for short-term rental investors, with only 128 active listings in the market. This limited supply helps drive a strong 43% occupancy rate and an 8.5% gross yield, though investors should note the modest $191 average daily rate and $28,839 in annual revenue when modeling potential returns.
Yield
8.6%
Revenue
$29.7K
Listings
132
Every market below links to its full BNBCalc market page. Rankings use gross yield first, then annual revenue when yield is missing.
Active listings are Airbnb and Vrbo listings observed as active in the selected market metadata segment. The all-bedrooms view uses all active listings in that market; bedroom filters use the active listing count for the selected bedroom group.
| Rank | Market | Gross yield | Annual revenue | Monthly revenue | ADR | Occupancy | Listings | Purchase price |
|---|---|---|---|---|---|---|---|---|
| #1 | Grand Forks | 12.6% | $26,615 | $2,218 | $215 | 32% | 133 | $211,096 |
| #2 | Fargo | 10.6% | $33,502 | $2,792 | $203 | 41% | 416 | $316,042 |
| #3 | Lake Sakakawea | 9.5% | $25,244 | $2,104 | $187 | 38% | 91 | $266,316 |
| #4 | Bismarck | 8.6% | $29,694 | $2,474 | $170 | 45% | 132 | $345,726 |
For US markets, BNBCalc ranks state market pages by gross yield: annual Airbnb and Vrbo short-term rental revenue divided by estimated property value. Gross yield is a fast way to compare market-level opportunity before operating expenses, financing, taxes, insurance, seasonality, and local rules.
Annual revenue uses ADR, adjusted occupancy, and estimated cleaning revenue when cleaning and stay data exists.
ADR is nightly-only and excludes cleaning fees and other guest fees.
Occupancy is adjusted occupancy of bookable nights, excluding host-blocked nights.
Gross yield uses annual revenue divided by estimated property value; it does not include operating expenses, financing, taxes, or local regulation risk.