Fargo - ND housing market

The typical Fargo home is worth $328,573 as of August 2026, up 0.3% from the prior month, up 0.5% over three months, and up 3.4% from a year ago. Over the past two years values have ranged from $310,984 to $328,573.

Homes are going pending in about 26 days, slower than the 23 days seen three months earlier. There are roughly 997 homes for sale, 3% more than a year ago. 24.3% of listings have taken a price cut (up from 18.5% three months ago).

Typical rent is $1,100 a month, up 2.8% year over year, which puts the price-to-rent ratio at 24.9.

At this week's 7.40% mortgage rate with 20% down ($65,715), the typical Fargo home costs about $2,231 a month including tax and insurance, which needs a household income of roughly $95,600 to stay under a 28% payment-to-income ratio.

The typical home value ($328,573) is the Zillow Home Value Index for the Fargo - ND metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 3.4% over the past year. In Fargo - ND, that means a home worth $317,769 last year is now worth roughly $328,573.

The median sale price, what homes actually close for, is $310,767. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.

Homes listed in Fargo - ND sit on the market for roughly 26 days before going pending. Shorter = seller's market; longer = buyer's market.

About 24.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 318 new listings hit the market each month in Fargo - ND. There are currently 997 homes for sale, up 3.3% from a year ago.

The typical monthly rent in Fargo - ND is $1,100, up 2.8% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 24.9x, renting territory (#15 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,820 a month in principal and interest, $720 more than renting before taxes, insurance and upkeep. The two break even at a 2.94% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →