Mortgage payment estimates, closing cost breakdowns, and homebuying data for Fargo, North Dakota.
Pre-filled with Fargo median home price and North Dakota tax/insurance rates. Adjust for your property.
Estimated closing costs based on North Dakota rates and fees applied to Fargo prices.
The median home price in Fargo is $285,000, 12% above the North Dakota state median of $255,000. With a population of 125,990, Fargo is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in North Dakota average 0.98% annually. This moderate property tax rate means a $285,000 home in Fargo would carry roughly $233/month in property taxes. Homeowners insurance in North Dakota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Fargo is $1,120/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Fargo presents moderate affordability. The $285K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.