West Fargo, North Dakota Housing Market Prices
West Fargo Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 84% above the North Dakota median$231,814
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Median rent 15% above the North Dakota median$1,097
Housing Market Overview
| Metric | West Fargo | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $231,814 | $125,877 | $248,835 |
| Price Trend (Annual %) | 15.8% | 0.5% | 7.5% |
| Median Gross Rent | $1,097 | $953 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in West Fargo is about 84% higher than in North Dakota. Rent is about 15% higher than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in West Fargo, up about 15.8% and 5.1% a year respectively. Home prices are changing faster.
Median rent in West Fargo rose about 50.0% between 2015 and 2024, from $731 to $1,097. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in West Fargo.
Buying the median-priced home in West Fargo costs roughly 17.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in West Fargo. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | West Fargo | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $231,814 | $125,877 | $248,835 |
| Median Household Income | $91,380 | $76,862 | $80,455 |
| Price-to-Income Ratio | 2.5 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in West Fargo rose about 75.9%, while median household income rose about 75.3% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | West Fargo | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 55.2% | 58.5% |
| Rental Rate | 35.1% | 32.6% | 31.2% |
| Vacancy Rate | 4.3% | 12.3% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
West Fargo has a homeownership rate of 60.6%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 4.3%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | West Fargo | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1999 | 1984 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in West Fargo was built around 1999. On average, 2.5 people live in a home with about 6.1 rooms, staying for about 10.0 years on average.
West Fargo, ND Housing Compared With Nearby Cities
How West Fargo, ND compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| West Fargo, ND | 37,364 | $231,814 #2/2 | $1,097 #1/2 | 63.3% #1/2 |
| Fargo, ND | 124,648 | $288,180 | $942 | 42.9% |
Frequently Asked Questions
Common questions about the housing market in West Fargo, North Dakota.
What is the median home price in West Fargo, North Dakota?
The median home price in West Fargo, North Dakota is $231,814, higher than the North Dakota average of $125,877.
What is the average home price in West Fargo, North Dakota?
The typical home price in West Fargo, North Dakota, reported as the median sale price, is $231,814. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in West Fargo, North Dakota?
The median gross rent in West Fargo, North Dakota is $1,097 per month, higher than the North Dakota average of $953.
What was the median gross rent in West Fargo in 2020?
In 2020, the median gross rent in West Fargo, North Dakota was $956 per month.
What is the price-to-rent ratio in West Fargo, North Dakota?
The price-to-rent ratio in West Fargo, North Dakota is about 17.6, meaning it would take roughly 17.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in West Fargo.
Are home prices or rent rising faster in West Fargo, North Dakota?
Both home prices and rent are rising in West Fargo, up about 15.8% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in West Fargo, North Dakota?
60.6% of households in West Fargo, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in West Fargo, North Dakota?
The housing vacancy rate in West Fargo, North Dakota is 4.3%, lower than the North Dakota average of 12.3%.
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