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These days, finding an affordable place to live in the Fargo area can be challenging. Home prices in Fargo are now at a median cost of $255,326, higher than the Michigan average of $250,415.
The average cost of rent is $1,196/mo in Fargo, primarily driven by the current value of real estate in the Fargo area. In Fargo, 11.39% of households rent, and 46.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fargo is $6,806 per month. Households that rent pay about 17.57% of their income on rent here. Fargo’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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