The Most Affordable Neighborhoods in Fergus Falls, MN by Home Value

These days, finding an affordable place to live in the Fergus Falls area can be challenging. Home prices in Fergus Falls are now at a median cost of $235,264, lower than the Minnesota average of $345,793.

The average cost of rent is $899/mo in Fergus Falls, primarily driven by the current value of real estate in the Fergus Falls area. In Fergus Falls, 30.32% of households rent, and 44.67% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Fergus Falls is $5,987 per month. Households that rent pay about 15.02% of their income on rent here. Fergus Falls’s most expensive areas are in the northeastern 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.

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