In short
The median value of owner-occupied homes in the city of Fargo is $292,900, according to the Census Bureau’s 2024 American Community Survey. FHFA’s index for the Fargo, ND-MN metro area shows prices up 4.2% between the second quarters of 2025 and 2026. Before you buy, check the floodplain: the City of Fargo links a map search by address and lists a contact for current floodplain information.
How much homes cost in Fargo
The Census Bureau’s American Community Survey (ACS) asks owners how much they think their home would sell for. The median of those answers is a useful benchmark, but it is not a sale price: it covers every owner-occupied home, including homes bought long ago. Our page on North Dakota home prices explains the method in detail.
| Area | Median value, 2024 (ACS) | Margin of error (90%) |
|---|---|---|
| City of Fargo | $292,900 | ±$17,766 |
| Cass County | $314,500 | ±$12,221 |
| Fargo, ND-MN metro area | $300,200 | ±$10,131 |
| North Dakota | $266,100 | ±$5,332 |
| United States | $360,600 | ±$618 |
Source: U.S. Census Bureau, ACS 1-Year Estimates 2024, table B25077. The 2025 estimates are scheduled for October 29, 2026.
Are Fargo prices rising?
The Federal Housing Finance Agency (FHFA) tracks repeat sales of the same single-family homes. FHFA does not publish a purchase-only index for the Fargo metro area, so the row below uses its all-transactions index, which is not seasonally adjusted. Comparing two second quarters removes the seasons, but do not compare the Fargo row to the others to the decimal.
| Area | 1-year change (Q2 2025 to Q2 2026) | 5-year change (Q2 2021 to Q2 2026) |
|---|---|---|
| Fargo, ND-MN metro (all-transactions) | +4.2% | +35.6% |
| North Dakota (purchase-only) | +4.8% | +32.1% |
| United States (purchase-only) | +2.1% | +33.4% |
Source: FHFA House Price Index, quarterly files, release of August 25, 2026. Changes calculated by Payotte from the published index values.
Prices in the Fargo area rose about twice as fast as the national index over the past year, and by a little more than a third over five years.
Costs on top of the price
Closing costs, property tax and any transfer tax depend on the loan, the providers you choose and the taxing units that cover your address. We do not recalculate them on this page. Read the state guides:
The City of Fargo adds one point to check: its “Purchasing a Home” page says that any special assessment due on a property, the method the city uses to finance infrastructure improvements, is added to the owner’s annual tax statement. Ask for the special assessments on a home before you make an offer.
Flood risk and flood insurance
Fargo has a long record of flood fighting, and the city’s Engineering Department says it has prioritized permanent levees, floodwalls, drainage improvements and more pumping capacity. Since 1997, it says, the city has bought and removed more than 200 properties from high-risk, flood-prone areas.
For a buyer, three things are practical:
- Look up the address. The city’s flood insurance page links to FEMA’s Flood Map Service Center and a city map search that shows whether a property is in the floodplain and lists Letters of Map Change. For current floodplain information on a specific home, the city says to contact its Engineering Department at 701.241.1545.
- Ask about insurance early. The city tells buyers interested in flood insurance to talk to their insurance agent. Our guide to flood insurance explains the National Flood Insurance Program, and homeowners insurance explains what a standard policy leaves out.
- Know the permit rules if you plan to build or fill. The city says floodplain development permits and its floodplain ordinance apply to structures, levees and earthen fill in designated areas; the Inspections Department is at 701.241.1561.
Help for first-time buyers in Fargo
The City of Fargo directs buyers to the North Dakota Housing Finance Agency (NDHFA). Its FirstHome loan allows household income up to $121,590 for a family of three or more and a price up to $500,000 for an existing single-family home (limits effective June 15, 2026). Six census tracts in Cass County also qualify for a Targeted Area Loan. Amounts, DCA and Start assistance, and the steps to apply are in our guide to first-time buyer programs in North Dakota.
North Dakota guides for Fargo buyers
Frequently asked questions
What is the median home price in Fargo?
The Census Bureau’s 2024 American Community Survey puts the median value of owner-occupied homes in the city of Fargo at $292,900 (±$17,766). This is what owners think their home is worth, not the median sale price of recent sales.
Are home prices in Fargo going up?
According to FHFA’s all-transactions index for the Fargo, ND-MN metro area, prices rose 4.2% between the second quarter of 2025 and the second quarter of 2026. Over five years, they rose 35.6%.
How do I find out if a Fargo home is in a floodplain?
Use the map search linked from the City of Fargo’s flood insurance page, or FEMA’s Flood Map Service Center. For current floodplain information on a specific home, the city says to contact its Engineering Department at 701.241.1545.
Can the city add costs to my property tax bill?
Yes. The City of Fargo says any special assessment due on a property is added to the owner’s annual tax statement. Ask the seller and the city about assessments before you close.
Does Fargo have help for first-time buyers?
Fargo points buyers to the North Dakota Housing Finance Agency, whose FirstHome loan allows incomes up to $121,590 for a family of three or more. See our first-time buyer guide for the DCA and Start assistance.
More North Dakota guides
- Closing costs in North Dakota: what buyers and sellers pay
- North Dakota transfer tax: none, but a sale price is recorded
- North Dakota property tax: rates, credits and appeals
- Seller disclosure requirements in North Dakota
- Do you need a real estate attorney to close in North Dakota?
- Foreclosure process in North Dakota
- Home prices in North Dakota and Fargo: median value, trend
- First-time home buyer programs in North Dakota and Fargo
- How to verify a real estate license in North Dakota
Sources
- Table B25077, Median Value (Dollars), ACS 1-Year Estimates 2024 (U.S. Census Bureau) (consulted October 13, 2026)
- 2025 ACS Data Release Schedule (U.S. Census Bureau) (consulted October 13, 2026)
- U.S. House Prices Rise 2.1 Percent Year over Year, Up 0.3 Percent Quarter over Quarter (FHFA, August 25, 2026) (consulted October 13, 2026)
- FHFA House Price Index datasets, quarterly indexes (state, metro, U.S.) (consulted October 13, 2026)
- Purchasing a Home (City of Fargo) (consulted October 13, 2026)
- Flooding & Flood Control (City of Fargo Engineering Department) (consulted October 13, 2026)
- Flood Insurance & Maps (City of Fargo) (consulted October 13, 2026)
- Floodplain Management (City of Fargo) (consulted October 13, 2026)
- Income and Purchase Price Limits (North Dakota Housing Finance Agency) (consulted October 13, 2026)