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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 $297,377, higher than the North Dakota average of $273,535.
The average cost of rent is $1,051/mo in Fargo, primarily driven by the current value of real estate in the Fargo area. In Fargo, 55.98% of households rent, and 35.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fargo is $6,697 per month. Households that rent pay about 15.69% of their income on rent here. Fargo’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Prairie Rose, ND: higher priced homes
- Moorhead, MN: equally priced homes
- West Fargo, ND: higher priced homes
- Frontier, ND: higher priced homes
- Reiles Acres, ND: higher priced homes
- Dilworth, MN: less expensive homes
- Horace, ND: higher priced homes
- Wild Rice, ND: higher priced homes
- North River, ND: higher priced homes
- St. Benedict, ND: higher priced homes
Cities with Similar Populations
- Chula Vista, CA: higher priced homes
- Cicero, IL: less expensive homes
- Champaign, IL: less expensive homes
- Bayonne, NJ: higher priced homes
- Alameda, CA: higher priced homes
- Bethlehem, PA: equally priced homes
- Ashburn, VA: higher priced homes
- Ann Arbor, MI: higher priced homes
- Allen, TX: higher priced homes
- Ankeny, IA: higher priced homes
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