Fargo Metro Area Housing

Basic InfoPopulation/RacesIncome/CareersHousingEducationOthers

As of 2010-2014, median price of a house in Fargo Area is $161,400, which is lower than the national average of $175,700. The median year that a house in Fargo Area was built is 1981, which is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 50,923 Owner Occupied Houses in Fargo Area, #230

Fargo Area	161,400 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Fargo Area	13.03%
U.S.	46.91%

*The Fargo Area median house price growth rate is since 2005-2009. The and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Fargo Area	%	U.S.
Total Housing Units	95,602, see rank	100%	132,741,033
Occupied Housing Units	89,558	93.68%, see rank	87.55%
Owner Occupied	50,923	53.27%, see rank	56.34%
Renter Occupied	38,635	40.41%, see rank	31.21%
Vacant Housing Units	6,044	6.32%, see rank	12.45%
For Rent	2,053	2.15%, see rank	2.34%
For Sale Only	498	0.52%, see rank	1.20%
Rented or Sold, Not Occupied	569	0.60%, see rank	0.92%
For Seasonal, Recreational, or Occasional Use	1,052	1.10%, see rank	3.97%
For Migrant Workers	4	0.00%, see rank	0.03%
Other Vacant	1,868	1.95%, see rank	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #216

Fargo Area	U.S.
1981	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Fargo Area	%	U.S.
Owner-Occupied Units	50,923	100%	74,787,460
With a Mortgage	35,575	69.86%, see rank	65.58%
Without a Mortgage	15,348	30.14%, see rank	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Fargo Area	1,383 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Fargo Area	%	U.S.
$299 or Less	8	0.02%, see rank	0.20%
$300 to $499	281	0.79%, see rank	1.59%
$500 to $699	1,163	3.27%, see rank	5.01%
$700 to $999	5,511	15.49%, see rank	14.32%
$1,000 to $1,499	13,934	39.17%, see rank	27.90%
$1,500 to $1,999	8,181	23.00%, see rank	20.35%
$2,000 to $2,999	5,594	15.72%, see rank	19.52%
$3,000 or More	903	2.54%, see rank	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Fargo Area	20.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Fargo Area	%	U.S.
10% or Less	2,342	6.58%, see rank	5.86%
10% to 20%	14,604	41.05%, see rank	31.95%
20% to 30%	11,151	31.35%, see rank	27.64%
30% to 40%	3,960	11.13%, see rank	13.74%
40% or More	3,483	9.79%, see rank	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Fargo Area	485 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Fargo Area	%	U.S.
$199 or Less	628	4.09%, see rank	7.76%
$200 to $299	1,433	9.34%, see rank	14.70%
$300 to $499	6,146	40.04%, see rank	34.63%
$500 to $699	4,435	28.90%, see rank	21.16%
$700 or More	2,706	17.63%, see rank	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Fargo Area	10.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Fargo Area	%	U.S.
10% or Less	7,379	48.08%, see rank	40.19%
10% to 20%	4,949	32.25%, see rank	31.47%
20% to 30%	1,607	10.47%, see rank	12.24%
30% to 40%	475	3.09%, see rank	5.64%
40% or More	899	5.86%, see rank	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Fargo Area	%	U.S.
Total Housing Units	95,602	100%	132,741,033
1-unit, Detached	46,847	49.00%, see rank	61.65%
1-unit, Attached	8,348	8.73%, see rank	5.82%
2 Units	1,524	1.59%, see rank	3.75%
3 or 4 Units	3,061	3.20%, see rank	4.43%
5 to 9 Units	4,011	4.20%, see rank	4.78%
10 or More Units	29,162	30.50%, see rank	13.08%
Mobile Home, Boat, RV, Van, etc.	2,649	2.77%, see rank	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Fargo Area	%	U.S.
Total Housing Units	95,602	100%	132,741,033
1 Room	1,984	2.08%, see rank	1.95%
2 Rooms	4,568	4.78%, see rank	2.48%
3 Rooms	11,586	12.12%, see rank	9.13%
4 Rooms	17,197	17.99%, see rank	16.60%
5 Rooms	14,189	14.84%, see rank	20.41%
6 Rooms	11,918	12.47%, see rank	18.06%
7 Rooms	9,881	10.34%, see rank	12.27%
8 Rooms	8,962	9.37%, see rank	8.48%
9 Rooms or More	15,317	16.02%, see rank	10.60%
Median Rooms	5.40, see rank	-	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Fargo Area	%	U.S.
Total Housing Units	95,602	100%	132,741,033
No Bedroom	2,102	2.20%, see rank	2.17%
1 Bedroom	12,598	13.18%, see rank	11.16%
2 Bedrooms	30,518	31.92%, see rank	26.69%
3 Bedrooms	26,492	27.71%, see rank	39.70%
4 Bedrooms	17,639	18.45%, see rank	16.05%
5 or More Bedrooms	6,253	6.54%, see rank	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Fargo Area	%	U.S.
Total Housing Units	89,558	100%	116,211,092
Utility Gas	36,722	41.00%, see rank	48.85%
Bottled, Tank, or LP Gas	4,296	4.80%, see rank	4.86%
Electricity	43,451	48.52%, see rank	36.68%
Fuel Oil, Kerosene, etc.	2,722	3.04%, see rank	5.86%
Coal or Coke	62	0.07%, see rank	0.12%
Wood	468	0.52%, see rank	2.12%
Solar Energy	13	0.01%, see rank	0.05%
Other Fuel	1,073	1.20%, see rank	0.47%
No Fuel Used	751	0.84%, see rank	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Fargo Area	%	U.S.
Occupied Units Paying Rent	37,625	100%	39,201,928
$199 or Less	371	0.99%, see rank	1.50%
$200 to $299	1,010	2.68%, see rank	3.18%
$300 to $499	4,272	11.35%, see rank	7.37%
$500 to $699	13,319	35.40%, see rank	16.01%
$700 to $999	12,668	33.67%, see rank	29.17%
$1,000 to $1,499	4,573	12.15%, see rank	26.88%
$1,500 to $1,999	785	2.09%, see rank	9.79%
$2,000 or More	627	1.67%, see rank	6.10%
Median	$698, see rank	-	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Fargo Area	%	U.S.
Occupied Housing Units	89,558	100%	116,211,092
No Vehicles Available	6,034	6.74%, see rank	9.12%
1 Vehicles Available	28,546	31.87%, see rank	33.80%
2 Vehicles Available	36,974	41.28%, see rank	37.48%
3 or More Vehicles Available	18,004	20.10%, see rank	19.61%

*Based on 2010-2014 data. View historical vehicle available data.