Aug 2026
$320K
+0.1% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Fargo, ND
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Fargo, ND. Built for agents; free to read.
Fargo, ND’s median sale price is $320K as of Aug 2026 — +0.1% year over year. Pecan Street tracks Fargo with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,709/mo
$73K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Fargo compares to other U.S. metros
| Price cuts | ↓160th of 194 |
|---|---|
| Price-to-rent | ↑55th of 195 (top 29%) |
| Home-price growth | ↓130th of 195 |
| Days on market | 102nd of 194 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 17 -8.2% YoY ↑55th of 195 (top 29%) |
|---|---|
| Asking price / sq ft | $182 +7.1% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 29% +2.6 pts YoY ↓160th of 194 |
|---|---|
| New housing units permitted | 155 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 6 shown of 36 |
|---|---|
| MLS board of record | — |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
red · 4.1ppRedfin (city) +0.1% | FHFA HPI · Q2 2026 +4.2% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 56560 | $319K↑ | 186↑ | 56↑ | 72↑ | 47↑ | $290K↑ |
| 58047 | $409K↑ | 130↓ | 16 | 24↑ | 71↓ | $426K↑ |
| 58078 | $410K↓ | 104↓ | 48↓ | 40↓ | 47↑ | $361K↑ |
| 58102 | $290K↓ | 110↓ | 20↓ | 32↓ | 73↑ | $276K↑ |
| 58103 | $274K↓ | 107↑ | 44↑ | 32↑ | 54↑ | $272K↑ |
| 58104 | $448K↓ | 174↓ | 80↑ | 40↓ | 48↓ | $410K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.