Housing & Real Estate
$281,900 is the median home value in Fargo (estimated market value runs 11% higher at $312,391), with median rent $946 (about the same as Cass County median $958; about the same as North Dakota median $954). Homeownership rate: 43.7%. That's 1.1× below the Cass County median ($298,000); 1.1× higher than the North Dakota median ($249,900). Market is warm. Vacancy rate 7.2%. New construction makes up 21.7% of stock. 15 nursing facilities on file. A municipal building code is in effect.
- 4.2× annual income — home value vs. household income (vs North Dakota 3.7×).
- 24.8 years to break even renting at the median (vs North Dakota 23y).
- 4-BR rent is 2.4× a studio — rent gradient by unit size.
- Median rent 14% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $281,900 — 1.1× the North Dakota median ($263,700). Median rent $946/month. homeownership rate 43.7% — below the U.S. share of ~65%.
| Fair Market Rent · Studio rent | $768 (at North Dakota median) |
|---|---|
| Fair Market Rent · One-bedroom rent | $917 (at North Dakota median) |
| Fair Market Rent · Two-bedroom rent | $1,112 (at North Dakota median) |
| Fair Market Rent · Three-bedroom rent | $1,547 (at North Dakota median) |
| Fair Market Rent · Four-bedroom rent | $1,865 (at North Dakota median) |
| Fair Market Rent · HUD FMR area | Fargo, ND-MN MSA |
| Fair Market Rent · Fiscal year | FY2026 |
| Median Home Value | $281,900 (vs North Dakota $263,700) |
| Median Rent | $946 (vs North Dakota $957) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Facilities (5)
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at North Dakota median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at North Dakota median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at North Dakota median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 93.3% (vs North Dakota 94.8%) |
| Broadband · Broadband-capable premises | 90,604 |
| Electricity · Electricity rate (¢/kWh) | 11.51¢/kWh |
| Electricity · Customers | 397839 |
| Electricity · Revenue Millions | $565 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% (at North Dakota median) |
| Mobile Broadband · 5G mobile coverage | 100% (at North Dakota median) |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · EPA SDWIS — matched by city+state · Refreshed unknown