Property Prices in Fargo, ND, United States

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Index Info
Price to Income Ratio: 2.33
Mortgage as Percentage of Income: 20.93%
Loan Affordability Index: 4.78
Price to Rent Ratio - City Centre: 6.86
Price to Rent Ratio - Outside of Centre: 9.99
Gross Rental Yield (City Centre): 14.58%
Gross Rental Yield (Outside of Centre): 10.01%
Rent Per Month
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Apartment (1 bedroom) in City Centre 962.50 $ 700.00-1,200.00
Apartment (1 bedroom) Outside of Centre 758.33 $ 550.00-950.00
Apartment (3 bedrooms) in City Centre 2,563.33 $ 1,500.00-3,890.00
Apartment (3 bedrooms) Outside of Centre 1,545.00 $ 1,375.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 162.67 $ 155.98-166.02
Price per Square Feet to Buy Apartment Outside of Centre 162.67 $ 155.98-166.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,761.29 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.56 6.19-6.80

These data are based on 67 entries from 26 contributors over the past 18 months.
Last update: April 2025

Sources and References
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