2026 Affordability Data
Most Affordable Neighborhoods in Fargo - 2026 Data
The median home value in Fargo is $245,000, 13% below nat'l avg. Median rent is $697/month. With an affordability index of 54, Fargo is less affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Fargo, ND area.
Key Takeaways: Affordability in Fargo
- 1The most affordable neighborhood in Fargo is Grand Forks, with a median home value of $237,000.
- 2Fargo's median home value is $245,000, 13% below nat'l avg (national: $281,900).
- 3Fargo's affordability index is 54 (baseline 100), making it less affordable than the national average.
- 4Median rent in Fargo is $697/month, 40% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Fargo to find the most affordable areas based on home values, rent, and affordability index.
Fargo Affordability Overview
Median Home Value
$245,000
13% below nat'l avg
Median Rent
$697/mo
40% below nat'l avg
Median Income
$54,250
27% below nat'l avg
Affordability Index
54
46% below nat'l avg
Most Affordable Neighborhoods in Fargo (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Grand ForksND | $237,000 |
| 2 | MinotND | $241,900 |
| 3 | DickinsonND | $250,600 |
| 4 | MandanND | $244,700 |
| 5 | West FargoND | $282,400 |
| 6 | BismarckND | $283,800 |
| 7 | WillistonND | $245,600 |
| 8 | JamestownND | $185,300 |
| 9 | HoraceND | $428,300 |
| 10 | Devils LakeND | $161,400 |
| 11 | Valley CityND | $142,000 |
| 12 | HazenND | $176,900 |
| 13 | GraftonND | $110,200 |
| 14 | RugbyND | $155,800 |
| 15 | CasseltonND | $281,600 |
Detailed Neighborhood Profiles
Home Value: $237,000
Rent: $700/mo
Affordability: 321
Population: 58,935
Home Value: $241,900
Rent: $700/mo
Affordability: 321
Population: 48,038
Home Value: $250,600
Rent: $700/mo
Affordability: 321
Population: 25,116
4
Home Value: $244,700
Rent: $700/mo
Affordability: 321
Population: 24,049
5
Home Value: $282,400
Rent: $700/mo
Affordability: 321
Population: 38,653
6
Home Value: $283,800
Rent: $700/mo
Affordability: 321
Population: 73,694
7
Home Value: $245,600
Rent: $700/mo
Affordability: 321
Population: 27,783
8
Home Value: $185,300
Rent: $700/mo
Affordability: 321
Population: 15,850
9
Home Value: $428,300
Rent: $831/mo
Population: 3,464
10
Home Value: $161,400
Rent: $664/mo
Population: 7,192
11
Home Value: $142,000
Population: 6,558
12
Home Value: $176,900
Rent: $1,040/mo
Population: 2,569
13
Home Value: $110,200
Rent: $646/mo
Population: 4,161
14
Home Value: $155,800
Rent: $765/mo
Population: 2,654
15
Home Value: $281,600
Rent: $752/mo
Population: 2,496
Frequently Asked Questions About Affordability in Fargo
What is the most affordable neighborhood in Fargo, ND?▾
Based on 2026 data, Grand Forks is the most affordable neighborhood in Fargo with a median home value of $237,000. Kurby analyzed 15 neighborhoods in the Fargo area to compile these rankings.
What is the median home price in Fargo, ND?▾
The median home price in Fargo is $245,000, which is 13% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Fargo affordable compared to the national average?▾
Fargo has an affordability index of 54, which means housing is less affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Fargo, ND?▾
The median monthly rent in Fargo is $697. This is 40% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Fargo?▾
The median household income in Fargo is $54,250 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Fargo are below the national average home price?▾
12 out of 15 ranked neighborhoods in Fargo have a median home value below the national average of $281,900. The most affordable is Grand Forks at $237,000 (Source: Kurby, 2026).