Fargo
North Dakota · Ranked #9 of 102 metros
72Affordable
Median Home Price
🏠$280K
Need $80K income
Median Rent
🔑$1K
Need $40K income
Housing Shortage
📉5,000
units needed
Building Permits
🔨3,000
annual
Median Income
💰$64K
Pop: 258,890
Rent Burden
⚠️26.0%
of renters paying >30%
Price Change (YoY)
📈+4%
Homeownership
🏡58.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Fargo | National |
|---|---|---|
| Price-to-Income Ratio | 4.4x | 6.1x |
| Rent Burden | 26.0% | 31.5% |
| Homeownership Rate | 58.0% | 65.5% |
| YoY Price Change | +4% | +3.5% |
| YoY Rent Change | +3% | +2.8% |
| Mortgage Denial Rate | 10.5% | 13.5% |
| Eviction Rate | 4.0% | 3.6% |