Market Overview
Home Prices in Fargo, OK
The median home value in Fargo, OK is $123,529 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and down 7.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fargo are priced70% below average. Fargo is part of the Woodward, OK metro area.
Over the past five years, Fargo home values have fallen by approximately4.1%, reflecting softening conditions in this market.
Price History
Fargo Home Price Trend
2020
$113,385
$113K
—
2021
$128,787
$129K
+13.6%
2022
$145,243
$145K
+12.8%
2023
$143,974
$144K
-0.9%
2024
$133,761
$134K
-7.1%
2025
$123,880
$124K
-7.4%
2026
$123,529
$124K
-0.3%
City Comparison
Fargo vs. National Median
🏠 Fargo
$123,529
National Median
$410,000
At $123,529, homes in Fargo cost 70% 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
$24,706
on $123,529
Monthly P&I
$644/mo
30-yr @ 6.8%
Total Monthly Est.
~$818/mo
incl. taxes & insurance
Income Needed
$32,720
gross annual (30% rule)
10% Down Option
$12,353
+ PMI applies
Loan Amount (20% dn)
$98,823
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, OK?
The median home value in Fargo is $123,529 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Fargo?
Over the past year, home values in Fargo have decreased by 0.3%. Over five years, prices have fallen approximately 4.1%.
How much do I need to earn to buy a home in Fargo?
To comfortably afford the median home price of $123,529 with a 20% down payment ($24,706) at today's rates (6.8%), you'd need a gross annual income of approximately $32,720. 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 $123,529, homes in Fargo are 70% below the national average.
What metro area is Fargo part of?
Fargo is part of the Woodward, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.