Fargo Metro Area, ND Housing

The housing market in the Fargo, ND Metro Area is doing very well. The median value of houses in this area is much lower than the national median at $282,800 compared to $338,100. Over the past year, appreciation of homes has increased by 10.35%, which is higher than the US average of 8.27%. This signifies that the housing market in Fargo is growing rapidly and presents a great opportunity for potential home buyers to invest in this area.

The median home cost in Fargo Metro Area is $282,800. Home appreciation the last 10 years has been 74.4%. Home Appreciation in Fargo Metro Area is up 13.1%.

Average Age of Homes

- The median age of Fargo Metro Area real estate is 32 years old

The Rental Market in Fargo Metro Area

- Renters make up 40.4% of the Fargo Metro Area population
- 3.6% of houses and apartments in Fargo Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Fargo, North Dakota	United States
	111,151.0	139,647,020.0
	32	42
	$282,800	$338,100
	13.1%	16.6%
	33.7%	57.0%
	74.4%	101.1%
	$11.98	$10.98
	$2,824	$2,690
	52.2%	57.4%
	7.4%	11.2%
	40.4%	31.4%
Vacant Housing
	3.6%	1.9%
	0.6%	0.4%
	0.3%	0.7%
	0.3%	0.4%
	0.8%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	1.2%	2.4%
	0.9%	2.8%
	1.4%	3.9%
	2.2%	4.5%
	9.4%	11.3%
	19.9%	13.0%
	32.7%	20.1%
	16.9%	13.6%
	6.0%	8.3%
	5.0%	9.7%
	1.3%	3.9%
	0.5%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	17.3%	13.6%
	17.3%	13.6%
	13.6%	13.6%
	10.2%	13.2%
	15.0%	14.8%
	13.6%	13.6%
	7.8%	10.0%
	2.5%	4.7%
	8.9%	12.2%

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