Fargo, ND is a great city for buying a home. According to recent figures, the median value of housing in Fargo is $279,500; this is below the US median value of $338,100. This makes it an attractive option for potential home buyers who are looking for an affordable place to live. Additionally, house appreciation in Fargo has been strong over the past year at 10.99%, which is higher than the US average of 8.27%. This means that homes in Fargo have increased in value over the past year and may be a sound investment choice for prospective buyers.
The median home cost in Fargo is $279,500. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Fargo is up 12.6%.
Average Age of Homes
- The median age of Fargo real estate is 31 years old
The Rental Market in Fargo
- Renters make up 52.3% of the Fargo population
- 4.5% of houses and apartments in Fargo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.