Fargo - ND housing market
The Fargo metro has a typical home value of $328,304, up 3.5% from a year ago. Homes sell in 31 days on average, a balanced market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.
Fargo housing market, October 2026
The typical Fargo home is worth $328,304 as of September 2026, up 0.4% from the prior month, up 0.9% over three months, and up 3.5% from a year ago. Over the past two years values have ranged from $310,389 to $328,304.
Homes are going pending in about 31 days, slower than the 21 days seen three months earlier. There are roughly 1,002 homes for sale, 2% more than a year ago. 27.2% of listings have taken a price cut (up from 20.4% three months ago).
Typical rent is $1,103 a month, up 3.5% year over year, which puts the price-to-rent ratio at 24.8.
At this week's 7.40% mortgage rate with 20% down ($65,661), the typical Fargo home costs about $2,229 a month including tax and insurance, which needs a household income of roughly $95,500 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($328,304) 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 3.5% over the past year. In Fargo - ND, that means a home worth $317,202 last year is now worth roughly $328,304.
The median sale price, what homes actually close for, is $310,057. 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 31 days before going pending. Shorter = seller's market; longer = buyer's market.
About 27.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 279 new listings hit the market each month in Fargo - ND. There are currently 1,002 homes for sale, up 2.2% from a year ago.
The typical monthly rent in Fargo - ND is $1,103, up 3.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 24.8x, renting territory (#16 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,818 a month in principal and interest, $715 more than renting before taxes, insurance and upkeep. The two break even at a 2.97% 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 →
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