Fargo, ND home prices
Typical home $328,304 · +3.5% in a year · income needed $96,800
The Fargo, ND metro area ranks 261 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.5% in a year and +19.1% over five years. With 20% down at 7.11%, the typical home costs about $2,258 a month including 1.2% property tax (Cass County rate).
Mortgage on the typical Fargo home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $65,661 | $262,643 | $1,767 | $0 | $491 | $2,258 | $96,800 |
| 10% down | $32,830 | $295,474 | $1,988 | $123 | $491 | $2,602 | $111,500 |
| 5% down | $16,415 | $311,889 | $2,098 | $130 | $491 | $2,719 | $116,500 |
| 3.5% down (FHA) | $11,491 | $322,358 | $2,169 | $145 | $491 | $2,805 | $120,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.2% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Fargo area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Cass County, ND | $339,508 | +4.0% | 1.2% |
| Clay County, MN | $303,991 | +2.5% | 1.13% |
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Frequently asked questions
How much is a house in Fargo?
The typical home in the Fargo, ND metro area is worth $328,304 (Zillow, September 2026).
What salary do you need to buy a house in Fargo?
About $96,800 a year for the typical home with 20% down at 7.11%.