Housing in Fargo

A typical Fargo home is worth roughly $128,000

Home prices around Fargo have risen about 30% over the past 5 years.

Typical home value

$128K

▲ 1.8% in a year · KS $250K

Estimate

2-bedroom rent

$990

a month, utilities in · HUD

Median tax bill

$1,762

KS $2,798

What kind of housing town is Fargo?

Read from the numbers below. The page puts what stands out first.

Your money goes further49% below the Kansas typical home.

★ What stands out · Affordability

A typical home costs 2.1 years of income

Less than across Kansas (3.4 years). Try your own numbers below.

You could afford about

$219,000

Typical Fargo home $128K

That covers a typical Fargo home, with $91K to spare.

The typical home, each month

$830

Loan $630Tax $160Insurance $40

A two-bedroom rents for about $990 a month here, $160 more than owning.

Where your budget reaches nearby

Liberal$146K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Fargo’s typical property tax (1.51% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 30% in 5 years

The federal house price index for the ZIP codes around Fargo rose 30% over the past 5 years, slower than across Kansas (49%). Last year prices rose 1.8%. Carrying the Census median home value forward with that index puts the typical Fargo home at roughly $128,000 today.

Fargo areaKansas

+1.8%

past year

+30%

past 5 years

+33%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $128K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Fargo, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $990

Renters already here pay a median of $932.

Fair Market Rent a month, utilities included

Studio$720

1 bedroom$760

2 bedrooms$990

3 bedrooms$1,330

4 bedrooms$1,490

13%

of households rent · KS 33%

renter households

13%

of renters spend 30%+ of income on rent · KS 44%

19%

of the median income, for a two-bedroom

$932

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Seward County, KS): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

87% of Fargo households own their home

Half of Fargo’s homes were built before 1976.

Owners and renters

Own 87%Rent 13%

Kansas: 67% own.

1976

typical home built · KS 1976

$1,762

median property tax bill · KS $2,798

1.51%

of a home’s value, a year in tax · KS 1.29%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

Fargo vs. its neighbors

The towns that share a border with Fargo. Tap one to see its housing page.

Liberal$146K Fargo$128K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Fargo	$128K*	+1.8%†	$990	$61,447
Liberal	$146K	+1.2%	$990	$95,526

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Fargo buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Fargo still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.