Home Price Key
Affordable
Average
Expensive
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 $206,791, higher than the Michigan average of $196,062.
The average cost of rent is $577/mo in Fargo, primarily driven by the current value of real estate in the Fargo area. While nearly 40.28% of residents own their homes outright in Fargo, 4.56% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fargo is $5,904 per month. Households that rent pay about 9.77% of their income on rent here. Fargo's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Sandy, FL: higher priced homes
- Saxeville, WI: equally priced homes
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