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Affordable
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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 $118,300, lower than the Texas average of $322,096.
The average cost of rent is $745/mo in Fargo, primarily driven by the current value of real estate in the Fargo area. In Fargo, 13.78% of households rent, and 59.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fargo is $7,004 per month. Households that rent pay about 10.64% of their income on rent here. Fargo’s most expensive areas are in the central 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
- White City, TX: equally priced homes
- Odell, TX: equally priced homes
- Tolbert, TX: equally priced homes
- Vernon, TX: equally priced homes
- Davidson, OK: less expensive homes
- Oklaunion, TX: less expensive homes
- Chillicothe, TX: less expensive homes
- Frederick, OK: less expensive homes
- Harrold, TX: less expensive homes
- Medicine Mound, TX: higher priced homes
Cities with Similar Populations
- Whitman, ND: equally priced homes
- Bald Prairie, TX: higher priced homes
- Bannack, MT: higher priced homes
- Bantry, ND: equally priced homes
- Yellow House, PA: higher priced homes
- Womack, MO: higher priced homes
- Wolf Run, OH: less expensive homes
- Brummitt, AR: equally priced homes
- Wiconisco, PA: higher priced homes
- Wicksville, SD: higher priced homes
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