Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$328,304+3.5% YoY · prices are rising fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 24% have cut their price
Income needed to buy, per year$71,169About 0.9× the local median income ($78,659): affordable for a typical household
Days on market62 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.1%Zillow expects prices to rise slightly
The typical home in Fargo, ND-MN is worth $328,304, up 3.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $324,662, so the area is 1.1% overvalued. It is a balanced market, leaning toward buyers: homes take about 62 days to sell, listings are down 3% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 3.1% over the next year. A household needs about $71,169 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,659. Typical rent is $1,103 a month, or $2,006 for a house. In the latest IRS figures, 382 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$328,304
Change in 1 year
+3.5%
Overvalued %
+1.1%
Show 7 more
Fair home value
$324,662
Change in 5 years
+19.1%
Zillow forecast, next 12 months
+3.1%
Home value to income
4.2×
Monthly mortgage payment (20% down)
$1,779
Income needed to afford it
$71,169
Property tax rate
1.18%
Rent and investing
Typical rent
$1,103
Typical rent for houses
$2,006
Price-to-rent ratio
24.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,104
Gross rental yield
4.03%
Cap rate (estimate)
2.62%
Market activity
Listings vs a year ago
−3.4%
Days on market
62
Listings with a price cut
24.5%
Show 3 more
Homes for sale
1,033
Pending sales per 100 listings
20
Asking price per sq ft
$178
People and jobs
Median household income
$78,659
Population change (1 year)
+1.1%
Unemployment rate
3.2%
Show 4 more
Population
269,528
Income adjusted for cost of living
$86,534
Net moves in (IRS)
+382
Cost of living (US = 100)
90.9
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
80.2
Unhealthy air days a year
11
Show 4 more
Flood risk score
81.1
Wildfire risk score
54.4
Walkability (1 to 20)
12.2
Road, rail and air noise
52 dB
Questions people ask
Is Fargo, ND-MN overvalued?
Home prices in Fargo, ND-MN are slightly above what local incomes have historically supported: fair value is about $324,662, so the area is 1.1% overvalued.
Is Fargo, ND-MN a buyer's or seller's market?
Fargo, ND-MN is a balanced market, leaning toward buyers: homes take about 62 days to sell, listings are down 3% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Fargo, ND-MN?
Home values in Fargo, ND-MN are up 3.5% over the last year. Zillow's forecast for the next 12 months is +3.1%.
How much do you need to earn to buy a home in Fargo, ND-MN?
A household needs about $71,169 a year to afford the typical home in Fargo, ND-MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,659.