Housing
Home prices and rent in Fargo
Median home values, rents and incomes from the U.S. Census Bureau, compared with North Dakota and the U.S.
Census geography: Fargo city, North Dakota. These survey estimates are not current listing prices.
Fargo vs. North Dakota and the U.S.
| Fargo | North Dakota | U.S. | |
|---|---|---|---|
| Median home value | $281,900 | $249,900 | $332,700 |
| Median rent (monthly) | $946 | $954 | $1,413 |
| Median household income | $66,998 | $76,657 | $80,734 |
| Homes owned by occupants | 44% | 63% | 65% |
| Median year built | 1991 | 1982 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $162,000 | $212,100 | $281,900 |
| Median rent (monthly) | $690 | $823 | $946 |
| Median household income | $46,311 | $55,551 | $66,998 |
Fair Market Rents (HUD, fiscal year 2027)
Fargo, ND-MN MSA · Cass County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent; green figures are the range across 3 Fargo ZIP codes, where HUD sets Small Area Fair Market Rents.
Income limits (HUD, fiscal year 2026)
Area median family income: $115,200. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $64,550 | $73,750 | $82,950 | $92,150 | $99,550 | $106,900 | $114,300 | $121,650 |
| Very low income (50%) | $40,350 | $46,100 | $51,850 | $57,600 | $62,250 | $66,850 | $71,450 | $76,050 |
| Extremely low income (30%) | $24,200 | $27,650 | $31,100 | $34,550 | $38,680 | $44,360 | $50,040 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 18, 2026.
Questions
What is the median home value in Fargo?
$281,900, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $249,900 in North Dakota and $332,700 nationally.
How much is rent in Fargo?
Median gross rent (rent plus utilities) is $946 a month, versus $954 statewide.
How much have home values risen in Fargo?
The median home value went from $162,000 in 2014 to $281,900 in 2024 (+74%).
What is fair market rent in Fargo?
HUD's fiscal year 2027 Fair Market Rent for the Fargo, ND-MN MSA is $781 for a studio, $903 for one bedroom and $1,104 for two bedrooms; across Fargo's ZIP codes, two-bedroom values run $1,040 to $1,300. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Fargo city, North Dakota. Values are estimates with margins of error.