Market Overview
Home Prices in Fargo, ND
The median home value in Fargo, ND is $324,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fargo are priced21% below average. Fargo is part of the Fargo, ND-MN metro area.
Over the past five years, Fargo home values have risen by approximately23.6%, reflecting strong long-term appreciation in this market.
Price History
Fargo Home Price Trend
2020
$257,654
$258K
—
2021
$262,792
$263K
+2.0%
2022
$287,240
$287K
+9.3%
2023
$296,791
$297K
+3.3%
2024
$302,148
$302K
+1.8%
2025
$312,553
$313K
+3.4%
2026
$324,918
$325K
+4.0%
City Comparison
Fargo vs. National Median
🏠 Fargo
$324,918
National Median
$410,000
At $324,918, homes in Fargo cost 21% below the national median of $410,000. This makes Fargo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fargo?
20% Down Payment
$64,984
on $324,918
Monthly P&I
$1,695/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,153/mo
incl. taxes & insurance
Income Needed
$86,120
gross annual (30% rule)
10% Down Option
$32,492
+ PMI applies
Loan Amount (20% dn)
$259,934
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fargo, ND?
The median home value in Fargo is $324,918 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Fargo?
Over the past year, home values in Fargo have increased by 4%. Over five years, prices have risen approximately 23.6%.
How much do I need to earn to buy a home in Fargo?
To comfortably afford the median home price of $324,918 with a 20% down payment ($64,984) at today's rates (6.8%), you'd need a gross annual income of approximately $86,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Fargo compare to the national average home price?
The national median home value is approximately $410,000. At $324,918, homes in Fargo are 21% below the national average.
What metro area is Fargo part of?
Fargo is part of the Fargo, ND-MN metropolitan area. Home prices and market conditions can vary across the broader metro region.