Fargo housing market
Typical home value
$328K
▲ 3.5% 1 yr
Typical rent
$1,103/mo
▲ 3.6% 1 yr
12-month forecast
+3.1%
#126 of 546 metros
Gross rent yield
4.0%
#509 of 546 · U.S. 6.3%
Days to pending
53 days
▲ +3 days 1 yr
Listings with a price cut
27%
▼ −1.7 pts 1 yr
Key takeaways
- 1The typical home is worth $328,304, up 3.5% in a year and up 19% over five years.
- 2Zillow forecasts home values rising 3.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,103/mo (+3.6% YoY), a 4.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,804/mo in principal and interest, $701 more than renting.
- 5Homes go under contract in 53 days (+3 days vs last year); 27% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 32/100, #415 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Fargo compares
| Measure | Fargo | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.5% | +1.2% | #155 |
| Home value, 5-yr change | +19.1% | +19.7% | |
| 12-month forecast | +3.1% | +1.1% | #126 |
| Rent, 1-yr change | +3.6% | +2.7% | #243 |
| Gross rent yield | 4.0% | 6.3% | #509 |
| Price-to-rent ratio | 24.8 | 15.8 | |
| Mortgage P&I on typical home | $1,804 | $2,012 | |
| Income needed to buy | $92,401 | $100,902 | |
| Days to pending | 53 | 56 |
Cities in the Fargo metro
3 cities with home value and rent data.
| Fargo | $322K | ▲ 4.1% | $1,094 | ▲ 3.4% | 4.1% |
| Moorhead | $291K | ▲ 2.4% | $1,093 | ▲ 2.8% | 4.5% |
| West Fargo | $365K | ▲ 3.0% | $1,189 | ▲ 7.2% | 3.9% |
Run the numbers
Rental property calculator
Cash flow on a typical Fargo rental ($328K, $1,103/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Fargo home.
Rent vs buy
Is it cheaper to rent or buy in Fargo?
Other North Dakota metros
Bismarck, ND
$356K home$1,303 rent4.4% yield
▲ 5.2% 1 yr
Minot, ND
$269K home$1,252 rent5.6% yield
▲ 3.4% 1 yr
Williston, ND
$349K home$1,290 rent4.4% yield
▲ 4.7% 1 yr
Wahpeton, ND
$228K home$844 rent4.4% yield
▲ 4.4% 1 yr
Jamestown, ND
$229K home$1,023 rent5.4% yield
▲ 5.9% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.