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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 $166,026, lower than the New York average of $610,895.
The average cost of rent is $915/mo in Fargo, primarily driven by the current value of real estate in the Fargo area. In Fargo, 3.19% of households rent, and 41.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fargo is $5,944 per month. Households that rent pay about 15.39% of their income on rent here. Fargo’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Crittenden, NY: higher priced homes
- Williston, NY: higher priced homes
- Darien Center, NY: higher priced homes
- Alden, NY: higher priced homes
- Corfu, NY: higher priced homes
- South Newstead, NY: higher priced homes
- Pembroke, NY: higher priced homes
- Folsomdale, NY: higher priced homes
- East Bennington, NY: higher priced homes
- Bennington, NY: higher priced homes
Cities with Similar Populations
- Majors, TX: higher priced homes
- Sandy Cross, GA: equally priced homes
- San Perlita, TX: less expensive homes
- Ryo, GA: higher priced homes
- Rosstown, IN: higher priced homes
- Morrill, KY: higher priced homes
- Mingo, OH: higher priced homes
- Mcville, ND: equally priced homes
- McNabb, IL: higher priced homes
- McMahan, TX: higher priced homes
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