Sep 2026
$325K
+1.9% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Fargo, ND housing market
Fargo, ND metro median sale price $325K in Sep 2026, up 1.9% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Fargo, ND metro is $325K as of Sep 2026, up 1.9% from a year earlier. That change sits near the middle of the 193 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a larger change, up 4.2% through Q2 2026, 2.3 points apart; Price reconciliation below shows both.
Fargo is the only metro Pecan Street tracks in North Dakota; nationally, the metros closest to it on median sale price ($325K) are Las Cruces, NM ($325K) and Indianapolis, IN ($325K). On median days on market (55 days), the closest are Houston, TX (55 days) and Los Angeles, CA (55 days).
Listings spent a median 55 days on market in Sep 2026. 37% of active listings carry a price cut, 3.6 points more than a year earlier. Building permits authorized 112 new housing units in Aug 2026.
At the 7.38% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,795 a month; at 28% of gross income, that takes about $77K a year. The median sale price equals about 18 years of HUD Fair Market Rent, a ratio up 3.1% from a year earlier. That ratio is higher than in most of the 193 metros. Active listings ask a median $180 per square foot, up 7.3% from a year earlier.
In four of the seven ZIP codes in the table below, median list prices are lower than a year earlier; three are higher.
Headline
Oct 14, 2026
7.38%
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
$1,795/mo
$77K/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-to-rent | ↑46th of 193 (top 24%) |
|---|---|
| Days on market | 109th of 195 |
| Home-price growth | 103rd of 193 |
| Price cuts | 100th of 195 |
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 | ≈ 18 +3.1% YoY ↑46th of 193 (top 24%) |
|---|---|
| Asking price / sq ft | $180 +7.3% 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 Sep 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 | ≈ 37% +3.6 pts YoY 100th of 195 |
|---|---|
| New housing units permitted | 112 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 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 Aug 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 | 7 shown of 36 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Recent notable readings
- Single-family building permits fell 25% over the 12 months through Aug 2026 (645 homes, against 865 the year before): the 9th-steepest drop of the 195 U.S. metros Pecan Street tracks.
- 284 new listings in September 2026: the fewest for any September in Realtor.com's Fargo data since 2016. It is one of 14 of the 195 U.S. metros Pecan Street tracks to set that record.
- The FHFA house price index for the metro fell 1% from Q1 2008 to Q2 2008: the 9th-mildest bust of the 195 U.S. metros Pecan Street tracks with FHFA data. Q2 2026 is its highest reading on record.
Readings from the latest data that sit at one end of the U.S. metros Pecan Street tracks, from the nightly cross-metro comparison. They are not signal alerts.
Price reconciliation
amber · 2.3ppRedfin (metro) +1.9% | 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.
Track Fargo, ND with Pecan Street
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 56529 | $379K↑ | 26↑ | 6↓ | 10↓ | 68↑ | $294K↑ |
| 56560 | $314K↑ | 200↑ | 56↓ | 86↑ | 49↑ | $290K↑ |
| 58047 | $424K↑ | 126 | 18↓ | 18↑ | 77↓ | $426K↑ |
| 58078 | $397K↓ | 106↓ | 38↓ | 48↓ | 51↑ | $361K↑ |
| 58102 | $285K↓ | 107↓ | 24↓ | 34↓ | 86↓ | $276K↑ |
| 58103 | $278K↓ | 115↑ | 34↓ | 54↑ | 50↑ | $272K↑ |
| 58104 | $465K↓ | 213↓ | 68↑ | 76↑ | 46↓ | $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.