There are currently 26,383 real estate properties in Fargo, ND, with a median automated valuation model (AVM) price of $240,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fargo, ND, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Fargo, ND, is $272,098.00, with the most expensive house in Fargo, ND, topping out at $4,317,600.00 and the cheapest home in Fargo, ND, clocking in at $46,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Fargo, ND!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fargo, ND, is on a rollercoaster ride. The average rent price in Fargo, ND, is $1,410.00. Indeed, when looking to rent in Fargo, ND, you can expect to pay as little as $630.00 or as much as $3,540.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Fargo, ND -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Fargo, ND area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Fargo, ND and much more. Save thousands at closing with home foreclosure listings in Fargo, ND — up to 75% off market value!
Fargo is located in Cass, North Dakota, with an estimated municipal population of 124,662 residents. All of the best foreclosed homes for sale in Fargo are located in the following zip code areas on Foreclosure.com: 58102 58104 58103 58105 58106 58107 58108 58109 58121 58122 58124 58125 58126. The estimated population per square kilometer (.62 miles) in Fargo is 967.
So, about how much do homes cost in Fargo? The most recent median value of resident-owned homes in Fargo is 212,538. An estimated 43.6 percent of households in Fargo own their homes, with an average family size of 2.89. The median household income in Fargo is 55,551, with23 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fargo, the median commute time of resident workers (in minutes) is 15.3. And last, but certainly not least, are you looking for homes to rent in Fargo? If so, the average rent price paid by renters in Fargo is 823, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fargo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Fargo is 31, split between 50.9 percent male versus 49.1 female. The percentage of residents who report being married in Fargo is 42.9, with an average family size of 2.89.
The percentage of residents who report their race in Fargo is as follows:
|Black / African American||7%|
|American Indian / Alaskan Native||1.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Fargo? Or maybe you are searching for 55+ active adult communities in and/or near Fargo?
The percentage of residents who report their age in Fargo is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fargo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fargo.
How do you know that living in -- or moving to -- Fargo is right where you need to be? Perhaps you grew up in Fargo or already live nearby; therefore, the decision to buy a home in Fargo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fargo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fargo:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fargo.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fargo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fargo, meanwhile, can field multiple offers from more qualified buyers.