Fargo housing market: home prices, trends and forecast
Fargo home prices: the Zillow Home Value Index put the value of a typical Fargo, North Dakota home at $321,568 in September 2026, +4.1% compared with a year before and at a record monthly high.
- Typical value of a home
- $321,568September 2026, Zillow ZHVI
- Change over 12 months
- +4.1% since September 2025.
Fargo home prices since 2000
Fargo appears in steel, while the United States appears in grey. From January 2009 to now, the typical Fargo home rose from $189,168 to $321,568, a 1.70 multiple, compared with 1.99 for the US during those same months.
Fargo median home price by year
Each yearly figure averages twelve monthly values; the 2026 figure shows the latest month.
| Year | Fargo | Change on the year | United States |
|---|---|---|---|
| 2009 | $187,767 | $177,542 | |
| 2010 | $183,058 | −2.5% | $171,462 |
| 2011 | $178,527 | −2.5% | $162,508 |
| 2012 | $170,610 | −4.4% | $161,137 |
| 2013 | $179,499 | +5.2% | $171,420 |
| 2014 | $190,649 | +6.2% | $182,996 |
| 2015 | $210,519 | +10.4% | $192,738 |
| 2016 | $227,588 | +8.1% | $204,509 |
| 2017 | $233,479 | +2.6% | $216,767 |
| 2018 | $235,050 | +0.7% | $230,541 |
| 2019 | $244,170 | +3.9% | $242,088 |
| 2020 | $252,409 | +3.4% | $257,151 |
| 2021 | $259,117 | +2.7% | $295,959 |
| 2022 | $279,746 | +8.0% | $340,014 |
| 2023 | $289,593 | +3.5% | $348,160 |
| 2024 | $296,996 | +2.6% | $359,751 |
| 2025 | $308,181 | +3.8% | $362,959 |
| September 2026 | $321,568 | +4.1% | $366,157 |
Current value of a Fargo home bought in any year
This estimate uses an index for a typical home and is not an appraisal.
Each yearly figure averages twelve monthly index values; September 2026 provides the current value. Other choices: home appreciation calculator.
Are you thinking of selling? Compare local agents through Realtor.com. Advertising disclosure: the site may receive payment for links like this one, but it never changes a number. Disclosure.
Fargo housing market forecast
For the 12-month period starting in September 2026, Zillow's Fargo, ND metro forecast is +3.1%. The forecast also gives +1.2% for the next three months. Using Fargo's typical value of $321,568, the forecast points to about $331,500 one year later.
Zillow's central metro estimate is repeated here; the site does not publish a forecast of its own. Such a 12-month forecast has usually differed from the realised change by several percentage points, either above or below it. This is not investment advice.
All metro forecasts appear in one table: housing market forecast.
Fargo housing market crash risk score
Moderate, at 37 out of 100
Using five conditions that were high before earlier price falls, the score ranks Fargo against 292 cities. Each input is scored from 0 to 100 relative to the other cities, then the five scores receive equal weight in their average. It describes current conditions; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −26.7% | 15 | 20% |
| Time on the market vs 2019 | −8.3% | 25 | 20% |
| Price-to-rent ratio | 24.5 | 81 | 20% |
| Price-to-income ratio | 4.9 | 51 | 20% |
| 12-month price change | +4.1% | 12 | 20% |
This is not investment advice. Scoring details are explained in the methodology. See the full ranking of all 292 cities: crash risk by city.
Fargo inventory and time on the market
In September 2026 the Fargo, ND metro listed 1,001 homes for sale, with 0% more than a year earlier and −26.7% compared with the same month in 2019. Listings sold in a median of 55 days (−8.3% against 2019), while 23.9% had their asking price reduced.
| Fargo, ND metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 1,001 | 0% |
| New listings | 284 | |
| Median days on market | 55 | +1.8% |
| Median list price | $379,900 | +1.3% |
| Share with a price cut | 23.9% |
Metro inventory comes from Realtor.com® Economic Research. Realtor.com data. For every metro area, see days on market by city.
Fargo rent and living costs
The Zillow Observed Rent Index puts Fargo's typical asking rent at $1,094 a month, with a yearly change of +3.4%. That rent would take 24.5 years to cover the cost of a typical home. Census ACS 2024 reports median household income of $65,479, making a typical home worth 4.9 years of income. BEA gives the metro a price index of 90.9 compared with a US average of 100, along with a housing cost index of 81.1.
Other North Dakota housing markets
- Bismarck $378,242
For the state: North Dakota housing market.
How to read this chart
At each point, the Zillow Home Value Index for Fargo gives the smoothed, seasonally adjusted value in that month's dollars for a typical home in the market's middle third. On the slider, the hollow dot identifies the selected month, while the terracotta dot shows the latest month. These figures do not account for inflation, and the index tracks the typical home rather than one particular house. Use the card above or the appreciation calculator to calculate one home's value from its sale price.