30 census tracts
Fargo.North Dakota housing market
This Fargo housing market report covers about 62,700 homes across 30 census tracts. Rent takes just 26.3% of household income at the median (its rent-to-income ratio), lower than in 135 of the 139 markets PriceDNA tracks. For August 2026, the average listing price is $501,801 across 391 active listings (Realtor.com Economic Research, Monthly Housing Inventory).
- Average listing price
- $501,801 391 active listings · Realtor.com Economic Research, Monthly Housing Inventory · August 2026
- Approximate homes
- 62,700 across 30 assigned tracts
- Renter-occupied
- 57% of occupied homes
Fargo housing market context
- Tracts across Fargo are unusually alike on location: the middle half spans 66 to 70 on the Location Score, narrower than in 125 of the 139 markets.
- Population grew 1.6% a year from 2020 to 2025, faster than in 123 of the 137 markets with Census population estimates.
- Renters occupy 57% of occupied homes, higher than in 116 of the 139 markets.
These are city-level figures. To see how one property measures up against your goal, run a specific address.
Location score distribution
How location scores vary across 30 census tracts in Fargo.
Half of Fargo's tracts score between 66 and 70. The full range spans 61 to 82, with a median of 68.4.
What the location score shows
PriceDNA Location Score™ is a 0 to 100 signal designed to summarize local strength and risk context for rental-property analysis. Higher scores generally point to stronger location fundamentals.
The middle half of Fargo's tracts is 3.9 points wide on the score, narrower than in 125 of the 139 markets PriceDNA tracks.
To see the location score for your specific property, analyze a property
Housing composition
Key housing statistics for approximately 62,700 homes in Fargo, including occupancy, tenure, and structure type.
Of about 62,700 homes, 6.1% are vacant. Among occupied homes, 57% are renter-occupied, providing context on the size of the local rental base.
By structure type, about 43% of Fargo’s housing units are in single-family structures, 5% in small multifamily buildings (2 to 4 units), and 51% in larger multifamily buildings (5+ units). Percentages are rounded; small residual structure categories are not shown.
How Fargo compares
Fargo's median is above the North Dakota median on 5 of these 8 measures and above the U.S. median on 3. The city range shows the lower quarter, median and upper quarter of its census tracts.
| Metric | Fargo lower · median · upper Fargo | North Dakota ND | United States US |
|---|---|---|---|
|
Census ACS B19013 · 2020 to 2024
|
$58,263 $68,750 $75,875 | $80,613 | $77,171 |
|
Census ACS B15003 · 2020 to 2024
|
51% 56% 60% | 47% | 41% |
|
Census ACS B01001 · 2020 to 2024
|
33% 39% 47% | 34% | 32% |
|
FHFA HPI · 2025
|
3.7% every tract | 3.3% | 5.2% |
|
HUD SAFMR · 2018 to 2027 + Census ACS B25064 · 2014 to 2024
|
2.8% 3.3% 3.8% | 3.2% | 3.8% |
|
Census ACS B25103 · 2020 to 2024 + Lincoln Institute
|
1.31% every tract | 1.31% | 1.65% |
|
Census ACS B25141 · 2020 to 2024 + U.S. Treasury FIO
|
0.60% 0.70% 0.71% | 0.73% | 0.56% |
|
Census ACS B25064 + B19013 · 2020 to 2024
|
25.3% 26.3% 31.4% | 24.5% | 30.8% |
About this data
PriceDNA uses the most local reliable data available for each metric. Some signals are available at the census-tract level. Others are published or more reliable at broader geographies such as county, metro, state, or national level.
Housing-unit totals are approximate. PriceDNA sums Census ACS counts for the tracts assigned to the city by centroid, so the market total can differ from a municipal boundary count when a tract crosses the city line.
The property-tax assumption combines local residential tax data with a state-level apartment benchmark to provide more conservative context for rental-property underwriting. Insurance assumptions use available residential property insurance data and should be verified for the specific property and coverage.
These pages are designed for market screening and investor education. They do not replace property-level underwriting, inspections, appraisals, insurance quotes, lender review, or professional advice.
Nearby markets
Market pages for other cities within 300 miles.
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