FARGO Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Fargo averaged
6.78%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.56% and
one month ago for the week of 2024-03-14, the
average rate was 6.32%.
Fargo's average rate one year ago was 5.95%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.24%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Fargo 30 Year Fixed Rate | 2024-04-18 | 6.78% |
| Fargo 30 Year Fixed Rate Refi | 2024-04-18 | 7.24% |
| Fargo 15 Year Fixed Rate | 2024-04-18 | 6.24% |
| Fargo 15 Year Fixed Rate Refi | 2024-04-18 | 6.59% |
| Fargo 30 Year FHA | 2024-04-18 | 6.41% |
| Fargo 30 Year FHA Refi | 2024-04-18 | 6.86% |
| Fargo 30 Year USDA | 2024-04-18 | 6.96% |
| Fargo 30 Year USDA Refi | 2024-04-18 | 6.76% |
| Fargo 30 Year VA | 2024-04-18 | 6.68% |
| Fargo 30 Year VA Refi | 2024-04-18 | 6.66% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FARGO, ND-MN.
FARGO Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the FARGO, ND-MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
FARGO Average Closing Costs & Other Stats
FARGO, ND-MN's 105 lenders originated 4,915
loans during 2023. The total origination value was $1,158,295,000, with an average loan value of
$235,665.
FARGO's average closing costs are $4,610.
The top FARGO lender as defined by loan originations is Gate City Bank, with
361 loans originated. Their average total fees are
$5,694, which is $420
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee FARGO lenders (with over 10 loans originated) are
CENTRAL MINNESOTA Credit Union ($3,038), Alerus Financial ($3,083), Deere Employees Credit Union ($3,195), VALLEY MORTGAGE, INC. ($3,719) and Western State Bank ($3,977).
The lowest rate FARGO lenders (with over 10 loans originated) are
Starion Bank (5.47%), Gate City Bank (6.04%), Choice Financial Group (6.08%), First Western Bank & Trust (6.33%) and FIRST COMMUNITY CREDIT UNION (6.36%).
FARGO, ND-MN Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Gate City Bank | $300,735,000 | $189,935,000 | -36.8% | 16.4% |
| Bell Bank | $225,020,000 | $115,755,000 | -48.6% | 10.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $94,380,000 | $73,515,000 | -22.1% | 6.3% |
| First International Bank & Trust | $99,210,000 | $58,355,000 | -41.2% | 5.0% |
| TOWN AND COUNTRY Credit Union | $70,590,000 | $56,535,000 | -19.9% | 4.9% |
| VALLEY MORTGAGE, INC. | $68,255,000 | $54,770,000 | -19.8% | 4.7% |
| Bank Forward | $3,540,000 | $45,365,000 | 1,181.5% | 3.9% |
| First Western Bank & Trust | $53,940,000 | $37,355,000 | -30.7% | 3.2% |
| FIRST COMMUNITY CREDIT UNION | $43,170,000 | $34,050,000 | -21.1% | 2.9% |
| Alerus Financial | $28,265,000 | $28,670,000 | 1.4% | 2.5% |
| Bremer Bank | $42,160,000 | $27,425,000 | -35.0% | 2.4% |
| American Federal Bank | $41,020,000 | $24,340,000 | -40.7% | 2.1% |
| Choice Financial Group | $60,600,000 | $24,200,000 | -60.1% | 2.1% |
| U.S. Bank | $33,485,000 | $21,105,000 | -37.0% | 1.8% |
| VISIONBank | $13,420,000 | $21,070,000 | 57.0% | 1.8% |
| CAPITAL CREDIT UNION | $68,190,000 | $19,730,000 | -71.1% | 1.7% |
| QUICKEN LOANS, LLC | $31,235,000 | $19,170,000 | -38.6% | 1.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $13,800,000 | $17,590,000 | 27.5% | 1.5% |
| Union State Bank of Fargo | $17,920,000 | $16,530,000 | -7.8% | 1.4% |
| Western State Bank | $73,525,000 | $16,035,000 | -78.2% | 1.4% |
| Arbor Realty Trust, Inc. | $15,675,000 | n/a | 1.4% | |
| NEWREZ LLC | $9,855,000 | $14,310,000 | 45.2% | 1.2% |
| Starion Bank | $58,565,000 | $13,235,000 | -77.4% | 1.1% |
| Mortgage Research Center, LLC | $15,830,000 | $11,325,000 | -28.5% | 1.0% |
| Nations Lending Corporation | $11,120,000 | n/a | 1.0% | |
| Wells Fargo Bank | $40,805,000 | $10,535,000 | -74.2% | 0.9% |
| Cornerstone Bank | $5,660,000 | $8,380,000 | 48.1% | 0.7% |
| Midwest Bank | $8,680,000 | $7,570,000 | -12.8% | 0.7% |
| JPMorgan Chase Bank | $5,415,000 | $6,040,000 | 11.5% | 0.5% |
| BAY EQUITY LLC | $650,000 | $5,985,000 | 820.8% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $6,230,000 | $5,775,000 | -7.3% | 0.5% |
| Northwestern Bank, NA | $5,725,000 | n/a | 0.5% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $9,230,000 | $5,510,000 | -40.3% | 0.5% |
| GUARANTEED RATE, INC. | $10,490,000 | $5,330,000 | -49.2% | 0.5% |
| LOANDEPOT.COM, LLC | $10,985,000 | $5,320,000 | -51.6% | 0.5% |
| Valley Premier Bank | $4,690,000 | n/a | 0.4% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $420,000 | $4,570,000 | 988.1% | 0.4% |
| V.I.P. MORTGAGE, INC. | $4,415,000 | n/a | 0.4% | |
| BMO Harris Bank | $495,000 | $4,375,000 | 783.8% | 0.4% |
| Deere Employees Credit Union | $10,110,000 | $4,190,000 | -58.6% | 0.4% |
| First Savings Bank | $1,230,000 | $4,040,000 | 228.5% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $3,835,000 | $4,030,000 | 5.1% | 0.3% |
| Plains Commerce Bank | $2,810,000 | $3,990,000 | 42.0% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $5,105,000 | $3,805,000 | -25.5% | 0.3% |
| The Huntington National Bank | $6,745,000 | $3,650,000 | -45.9% | 0.3% |
| AFFINITY PLUS | $3,995,000 | $3,395,000 | -15.0% | 0.3% |
| BROKER SOLUTIONS, INC. | $1,550,000 | $3,245,000 | 109.4% | 0.3% |
| CENTRAL MINNESOTA Credit Union | $4,445,000 | $3,080,000 | -30.7% | 0.3% |
| Flagstar Bank, FSB | $4,770,000 | $2,655,000 | -44.3% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $630,000 | $2,585,000 | 310.3% | 0.2% |
| USAA Federal Savings Bank | $5,320,000 | $2,520,000 | -52.6% | 0.2% |
| TOWNE MORTGAGE COMPANY | $2,455,000 | n/a | 0.2% | |
| Mr. Cooper ( Nationstar Mortgage ) | $2,975,000 | $2,370,000 | -20.3% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $570,000 | $2,155,000 | 278.1% | 0.2% |
| CARDINAL FINANCIAL | $10,220,000 | $2,015,000 | -80.3% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $2,500,000 | $1,830,000 | -26.8% | 0.2% |
| THRIVENT Federal Credit Union | $555,000 | $1,825,000 | 228.8% | 0.2% |
| Dacotah Bank | $350,000 | $1,405,000 | 301.4% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $440,000 | $1,390,000 | 215.9% | 0.1% |
| OCMBC, INC. | $1,360,000 | n/a | 0.1% | |
| Discover Bank | $1,155,000 | $1,270,000 | 10.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $210,000 | $1,255,000 | 497.6% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,315,000 | $1,225,000 | -6.8% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $920,000 | $1,225,000 | 33.2% | 0.1% |
| American Bank Center | $1,810,000 | $1,185,000 | -34.5% | 0.1% |
| First Resource Bank | $3,060,000 | $1,120,000 | -63.4% | 0.1% |
| Merchants Bank | $1,945,000 | $1,075,000 | -44.7% | 0.1% |
| First Bank & Trust | $1,060,000 | n/a | 0.1% | |
| Beverly Bank & Trust | $1,005,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $28,575,000 | $995,000 | -96.5% | 0.1% |
| The Federal Savings Bank | $2,015,000 | $955,000 | -52.6% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $3,380,000 | $950,000 | -71.9% | 0.1% |
| Bank of America | $1,015,000 | $930,000 | -8.4% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $815,000 | $920,000 | 12.9% | 0.1% |
| Dakota Community Bank & Trust | $505,000 | $910,000 | 80.2% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $205,000 | $895,000 | 336.6% | 0.1% |
| Flagship Banks Minnesota | $885,000 | n/a | 0.1% | |
| Servion, Inc. | $2,315,000 | $780,000 | -66.3% | 0.1% |
| GUILD MORTGAGE COMPANY | $775,000 | n/a | 0.1% | |
| PNC Bank | $395,000 | $765,000 | 93.7% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $850,000 | $750,000 | -11.8% | 0.1% |
| Figure Lending LLC | $270,000 | $725,000 | 168.5% | 0.1% |
| OPEN MORTGAGE, LLC | $750,000 | $725,000 | -3.3% | 0.1% |
| Frandsen Bank & Trust | $475,000 | $720,000 | 51.6% | 0.1% |
| Northpointe Bank | $710,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $660,000 | n/a | 0.1% | |
| First Federal Bank | $395,000 | $655,000 | 65.8% | 0.1% |
| EVERETT FINANCIAL, INC. | $860,000 | $645,000 | -25.0% | 0.1% |
| Dollar Bank, Federal Savings Bank | $635,000 | n/a | 0.1% | |
| American National Bank of Minnesota | $1,070,000 | $625,000 | -41.6% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $560,000 | $610,000 | 8.9% | 0.1% |
| Prosperity Home Mortgage, LLC | $380,000 | $585,000 | 53.9% | 0.1% |
| CMG MORTGAGE, INC. | $265,000 | $540,000 | 103.8% | 0.0% |
| Tradition Mortgage, LLC | $155,000 | $530,000 | 241.9% | 0.0% |
| Morgan Stanley Private Bank | $565,000 | $520,000 | -8.0% | 0.0% |
| United Valley Bank | $520,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $500,000 | n/a | 0.0% | |
| Baxter Credit Union | $75,000 | $475,000 | 533.3% | 0.0% |
| American Bank & Trust | $715,000 | $465,000 | -35.0% | 0.0% |
| First Interstate Bank | $16,685,000 | $460,000 | -97.2% | 0.0% |
| Farmers Bank & Trust | $455,000 | n/a | 0.0% | |
| Bank of the West | $1,105,000 | $450,000 | -59.3% | 0.0% |
| HIWAY | $110,000 | $440,000 | 300.0% | 0.0% |
| American Airlines Federal Credit Union | $420,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $700,000 | $405,000 | -42.1% | 0.0% |
| Willamette Valley Bank | $395,000 | n/a | 0.0% | |
| Citizens Bank | $855,000 | $375,000 | -56.1% | 0.0% |
| WINGS FINANCIAL | $640,000 | $360,000 | -43.8% | 0.0% |
| Security First Bank of North Dakota | $940,000 | $355,000 | -62.2% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $340,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $335,000 | n/a | 0.0% | |
| MEGASTAR FINANCIAL CORP. | $320,000 | n/a | 0.0% | |
| NP, Inc. | $315,000 | n/a | 0.0% | |
| Peoples Bank | $315,000 | n/a | 0.0% | |
| Ally Bank | $1,765,000 | $305,000 | -82.7% | 0.0% |
| Quontic Bank | $295,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP | $225,000 | $295,000 | 31.1% | 0.0% |
| Unify Home Lending Inc. | $295,000 | n/a | 0.0% | |
| First State Bank of St. Charles, Missouri | $285,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $285,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $195,000 | $265,000 | 35.9% | 0.0% |
| The First National Bank in Sioux Falls | $260,000 | n/a | 0.0% | |
| CRESCENT MORTGAGE COMPANY | $255,000 | n/a | 0.0% | |
| CORTRUST MORTGAGE, INC. | $410,000 | $245,000 | -40.2% | 0.0% |
| First State Bank | $320,000 | $245,000 | -23.4% | 0.0% |
| Stockman Bank of Montana | $245,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| Bank of England | $1,150,000 | $225,000 | -80.4% | 0.0% |
| BNC National Bank | $115,000 | $225,000 | 95.7% | 0.0% |
| NEW DAY FINANCIAL, LLC | $225,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $455,000 | $225,000 | -50.5% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $215,000 | n/a | 0.0% | |
| Liberty Bank Minnesota | $215,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $205,000 | n/a | 0.0% | |
| Sunrise Banks | $205,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $1,585,000 | $195,000 | -87.7% | 0.0% |
| ZILLOW HOME LOANS, LLC | $400,000 | $195,000 | -51.3% | 0.0% |
| Coastal Community Bank | $180,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $145,000 | $170,000 | 17.2% | 0.0% |
| Signature Federal Credit Union | $170,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $740,000 | $155,000 | -79.1% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| Florida Capital Bank | $470,000 | $155,000 | -67.0% | 0.0% |
| Minnwest Bank | $235,000 | $155,000 | -34.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $145,000 | n/a | 0.0% | |
| M&T Bank | $115,000 | $135,000 | 17.4% | 0.0% |
| Park State Bank | $135,000 | n/a | 0.0% | |
| St. Paul Federal Credit Union | $135,000 | n/a | 0.0% | |
| Carrington Mortgage Services, LLC | $125,000 | n/a | 0.0% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $475,000 | $125,000 | -73.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $105,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $205,000 | $105,000 | -48.8% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $85,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $35,000 | $65,000 | 85.7% | 0.0% |
| Unison Bank | $230,000 | $65,000 | -71.7% | 0.0% |
| MEMBERS COOPERATIVE | $415,000 | $35,000 | -91.6% | 0.0% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $15,000 | n/a | 0.0% |
FARGO's top lender by overall market share is Gate City Bank, with 16.4% market share. In second place, with 10.0%, is Bell Bank, having originated $115,755,000 in loans. In third place, with 6.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $73,515,000 in loans. In fourth place, with 5.0%, is First International Bank & Trust, having originated $58,355,000 in loans. In fifth place, with 4.9%, is TOWN AND COUNTRY Credit Union, having originated $56,535,000 in loans.
FARGO Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - FARGO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $259,875 (2.4%) | $302,763 (-1.4%) | 0.96 | 848 |
| 2018-02-01 | $254,923 (-1.9%) | $302,147 (-8.2%) | 0.93 | 870 |
| 2018-03-01 | $256,731 (-4.3%) | $302,402 (-9.0%) | 0.90 | 873 |
| 2018-04-01 | $260,031 (-3.7%) | $308,176 (-7.5%) | 0.88 | 930 |
| 2018-05-01 | $260,772 (-4.9%) | $309,626 (-5.2%) | 0.87 | 1,051 |
| 2018-06-01 | $262,950 (-2.8%) | $306,589 (-5.6%) | 0.88 | 1,132 |
| 2018-07-01 | $260,028 (-2.3%) | $302,992 (-6.0%) | 0.87 | 1,167 |
| 2018-08-01 | $259,900 (2.0%) | $302,860 (-0.4%) | 0.87 | 1,206 |
| 2018-09-01 | $254,990 (1.3%) | $302,135 (0.2%) | 0.86 | 1,233 |
| 2018-10-01 | $250,672 (-0.1%) | $299,192 (-0.6%) | 0.85 | 1,217 |
| 2018-11-01 | $249,900 (-1.7%) | $300,693 (1.1%) | 0.85 | 1,154 |
| 2018-12-01 | $249,900 (-2.4%) | $300,615 (1.0%) | 0.86 | 1,014 |
| 2019-01-01 | $249,900 (-3.8%) | $302,671 (0.0%) | 0.86 | 893 |
| 2019-02-01 | $258,120 (1.3%) | $307,307 (1.7%) | 0.87 | 914 |
| 2019-03-01 | $259,734 (1.2%) | $310,018 (2.5%) | 0.85 | 984 |
| 2019-04-01 | $261,197 (0.5%) | $312,610 (1.4%) | 0.83 | 1,074 |
| 2019-05-01 | $263,125 (0.9%) | $310,015 (0.1%) | 0.82 | 1,229 |
| 2019-06-01 | $259,900 (-1.2%) | $306,864 (0.1%) | 0.81 | 1,296 |
| 2019-07-01 | $259,409 (-0.2%) | $305,120 (0.7%) | 0.81 | 1,307 |
| 2019-08-01 | $252,793 (-2.7%) | $299,375 (-1.2%) | 0.80 | 1,341 |
| 2019-09-01 | $249,634 (-2.1%) | $294,773 (-2.4%) | 0.80 | 1,366 |
| 2019-10-01 | $247,029 (-1.5%) | $290,375 (-3.0%) | 0.80 | 1,383 |
| 2019-11-01 | $245,000 (-2.0%) | $287,972 (-4.2%) | 0.80 | 1,292 |
| 2019-12-01 | $240,813 (-3.6%) | $288,241 (-4.1%) | 0.80 | 1,113 |
| 2020-01-01 | $239,945 (-4.0%) | $290,503 (-4.0%) | 0.80 | 954 |
| 2020-02-01 | $245,000 (-5.1%) | $294,462 (-4.2%) | 0.80 | 896 |
| 2020-03-01 | $249,950 (-3.8%) | $295,028 (-4.8%) | 0.78 | 925 |
| 2020-04-01 | $259,700 (-0.6%) | $300,764 (-3.8%) | 0.81 | 947 |
| 2020-05-01 | $264,900 (0.7%) | $306,507 (-1.1%) | 0.81 | 933 |
| 2020-06-01 | $269,925 (3.9%) | $316,753 (3.2%) | 0.80 | 932 |
| 2020-07-01 | $269,900 (4.0%) | $317,613 (4.1%) | 0.78 | 872 |
| 2020-08-01 | $269,900 (6.8%) | $324,959 (8.6%) | 0.77 | 875 |
| 2020-09-01 | $269,881 (8.1%) | $319,652 (8.4%) | 0.77 | 848 |
| 2020-10-01 | $269,778 (9.2%) | $315,867 (8.8%) | 0.77 | 812 |
| 2020-11-01 | $269,545 (10.0%) | $310,647 (7.9%) | 0.79 | 749 |
| 2020-12-01 | $271,912 (12.9%) | $310,338 (7.7%) | 0.81 | 662 |
| 2021-01-01 | $278,943 (16.3%) | $323,634 (11.4%) | 0.83 | 537 |
| 2021-02-01 | $295,236 (20.5%) | $343,026 (16.5%) | 0.86 | 454 |
| 2021-03-01 | $296,554 (18.7%) | $338,955 (14.9%) | 0.84 | 438 |
| 2021-04-01 | $302,000 (16.3%) | $347,715 (15.6%) | 0.82 | 455 |
| 2021-05-01 | $315,000 (18.9%) | $358,070 (16.8%) | 0.84 | 451 |
| 2021-06-01 | $318,700 (18.1%) | $359,532 (13.5%) | 0.84 | 506 |
| 2021-07-01 | $319,950 (18.5%) | $357,813 (12.7%) | 0.84 | 532 |
| 2021-08-01 | $317,400 (17.6%) | $358,237 (10.2%) | 0.85 | 560 |
| 2021-09-01 | $318,633 (18.1%) | $348,420 (9.0%) | 0.85 | 561 |
| 2021-10-01 | $327,055 (21.2%) | $350,217 (10.9%) | 0.87 | 544 |
| 2021-11-01 | $328,495 (21.9%) | $351,257 (13.1%) | 0.88 | 506 |
| 2021-12-01 | $338,995 (24.7%) | $361,565 (16.5%) | 0.92 | 416 |
| 2022-01-01 | $345,000 (23.7%) | $360,013 (11.2%) | 0.93 | 364 |
| 2022-02-01 | $349,950 (18.5%) | $385,380 (12.4%) | 0.91 | 351 |
| 2022-03-01 | $366,835 (23.7%) | $429,715 (26.8%) | 0.92 | 338 |
| 2022-04-01 | $370,000 (22.5%) | $426,661 (22.7%) | 0.88 | 378 |
| 2022-05-01 | $371,366 (17.9%) | $418,168 (16.8%) | 0.85 | 476 |
| 2022-06-01 | $362,752 (13.8%) | $409,167 (13.8%) | 0.81 | 540 |
| 2022-07-01 | $369,350 (15.4%) | $419,740 (17.3%) | 0.83 | 553 |
| 2022-08-01 | $364,325 (14.8%) | $419,626 (17.1%) | 0.84 | 571 |
| 2022-09-01 | $359,910 (13.0%) | $409,412 (17.5%) | 0.84 | 636 |
| 2022-10-01 | $354,911 (8.5%) | $403,402 (15.2%) | 0.84 | 670 |
| 2022-11-01 | $353,955 (7.8%) | $404,681 (15.2%) | 0.85 | 711 |
| 2022-12-01 | $354,900 (4.7%) | $398,181 (10.1%) | 0.88 | 680 |
| 2023-01-01 | $364,978 (5.8%) | $412,112 (14.5%) | 0.90 | 596 |
| 2023-02-01 | $377,225 (7.8%) | $425,879 (10.5%) | 0.91 | 542 |
| 2023-03-01 | $380,893 (3.8%) | $434,033 (1.0%) | 0.90 | 546 |
| 2023-04-01 | $382,465 (3.4%) | $441,858 (3.6%) | 0.89 | 551 |
| 2023-05-01 | $389,900 (5.0%) | $449,183 (7.4%) | 0.88 | 621 |
| 2023-06-01 | $389,900 (7.5%) | $449,646 (9.9%) | 0.88 | 659 |
| 2023-07-01 | $385,000 (4.2%) | $441,257 (5.1%) | 0.88 | 672 |
| 2023-08-01 | $372,546 (2.3%) | $433,623 (3.3%) | 0.86 | 735 |
| 2023-09-01 | $364,900 (1.4%) | $409,719 (0.1%) | 0.85 | 868 |
| 2023-10-01 | $357,843 (0.8%) | $403,301 (0.0%) | 0.84 | 858 |
| 2023-11-01 | $354,975 (0.3%) | $403,984 (-0.2%) | 0.85 | 861 |
| 2023-12-01 | $360,350 (1.5%) | $410,772 (3.2%) | 0.88 | 734 |
| 2024-01-01 | $359,900 (-1.4%) | $413,610 (0.4%) | 0.88 | 642 |
| 2024-02-01 | $365,000 (-3.2%) | $422,950 (-0.7%) | 0.88 | 641 |
| 2024-03-01 | $384,900 (1.1%) | $435,311 (0.3%) | 0.91 | 700 |
FARGO's median listing price for 2024-03-01 was $384,900, a difference of
$4,007
(1.1%) versus the prior year and
$19,900 versus the prior month.
FARGO's median listing price comes in at 91% of the national average.
FARGO's average listing price for 2024-03-01 was $435,311, a difference of $1,278 (0.3%) versus the prior year and $12,361 versus the prior month.
For the 2024-03-01 period, FARGO had 700 MLS listings, a difference of 59 listings (9%) versus the prior month and 154 listings (28%) versus the prior year.
FARGO's median listing price comes in at 91% of the national average.
FARGO's average listing price for 2024-03-01 was $435,311, a difference of $1,278 (0.3%) versus the prior year and $12,361 versus the prior month.
For the 2024-03-01 period, FARGO had 700 MLS listings, a difference of 59 listings (9%) versus the prior month and 154 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - FARGO (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 88 days | 2,339 sqft |
| 2018-02-01 | 48 days | 2,298 sqft |
| 2018-03-01 | 53 days | 2,314 sqft |
| 2018-04-01 | 46 days | 2,347 sqft |
| 2018-05-01 | 39 days | 2,390 sqft |
| 2018-06-01 | 40 days | 2,399 sqft |
| 2018-07-01 | 49 days | 2,365 sqft |
| 2018-08-01 | 55 days | 2,352 sqft |
| 2018-09-01 | 58 days | 2,340 sqft |
| 2018-10-01 | 65 days | 2,317 sqft |
| 2018-11-01 | 73 days | 2,268 sqft |
| 2018-12-01 | 85 days | 2,240 sqft |
| 2019-01-01 | 86 days | 2,217 sqft |
| 2019-02-01 | 78 days | 2,230 sqft |
| 2019-03-01 | 60 days | 2,242 sqft |
| 2019-04-01 | 46 days | 2,255 sqft |
| 2019-05-01 | 39 days | 2,256 sqft |
| 2019-06-01 | 46 days | 2,274 sqft |
| 2019-07-01 | 57 days | 2,296 sqft |
| 2019-08-01 | 58 days | 2,274 sqft |
| 2019-09-01 | 60 days | 2,255 sqft |
| 2019-10-01 | 61 days | 2,234 sqft |
| 2019-11-01 | 69 days | 2,230 sqft |
| 2019-12-01 | 87 days | 2,201 sqft |
| 2020-01-01 | 95 days | 2,201 sqft |
| 2020-02-01 | 91 days | 2,201 sqft |
| 2020-03-01 | 65 days | 2,213 sqft |
| 2020-04-01 | 59 days | 2,237 sqft |
| 2020-05-01 | 57 days | 2,274 sqft |
| 2020-06-01 | 45 days | 2,340 sqft |
| 2020-07-01 | 46 days | 2,340 sqft |
| 2020-08-01 | 51 days | 2,345 sqft |
| 2020-09-01 | 50 days | 2,340 sqft |
| 2020-10-01 | 57 days | 2,296 sqft |
| 2020-11-01 | 67 days | 2,225 sqft |
| 2020-12-01 | 83 days | 2,214 sqft |
| 2021-01-01 | 71 days | 2,239 sqft |
| 2021-02-01 | 47 days | 2,355 sqft |
| 2021-03-01 | 47 days | 2,360 sqft |
| 2021-04-01 | 36 days | 2,324 sqft |
| 2021-05-01 | 33 days | 2,341 sqft |
| 2021-06-01 | 32 days | 2,349 sqft |
| 2021-07-01 | 38 days | 2,343 sqft |
| 2021-08-01 | 44 days | 2,401 sqft |
| 2021-09-01 | 53 days | 2,383 sqft |
| 2021-10-01 | 60 days | 2,396 sqft |
| 2021-11-01 | 62 days | 2,389 sqft |
| 2021-12-01 | 80 days | 2,438 sqft |
| 2022-01-01 | 75 days | 2,417 sqft |
| 2022-02-01 | 58 days | 2,410 sqft |
| 2022-03-01 | 56 days | 2,372 sqft |
| 2022-04-01 | 38 days | 2,332 sqft |
| 2022-05-01 | 30 days | 2,359 sqft |
| 2022-06-01 | 34 days | 2,318 sqft |
| 2022-07-01 | 44 days | 2,326 sqft |
| 2022-08-01 | 46 days | 2,318 sqft |
| 2022-09-01 | 43 days | 2,258 sqft |
| 2022-10-01 | 51 days | 2,250 sqft |
| 2022-11-01 | 58 days | 2,212 sqft |
| 2022-12-01 | 71 days | 2,183 sqft |
| 2023-01-01 | 86 days | 2,185 sqft |
| 2023-02-01 | 86 days | 2,190 sqft |
| 2023-03-01 | 62 days | 2,183 sqft |
| 2023-04-01 | 57 days | 2,190 sqft |
| 2023-05-01 | 53 days | 2,241 sqft |
| 2023-06-01 | 51 days | 2,341 sqft |
| 2023-07-01 | 53 days | 2,341 sqft |
| 2023-08-01 | 57 days | 2,267 sqft |
| 2023-09-01 | 57 days | 2,266 sqft |
| 2023-10-01 | 61 days | 2,251 sqft |
| 2023-11-01 | 60 days | 2,250 sqft |
| 2023-12-01 | 72 days | 2,242 sqft |
| 2024-01-01 | 76 days | 2,200 sqft |
| 2024-02-01 | 46 days | 2,225 sqft |
| 2024-03-01 | 51 days | 2,280 sqft |
FARGO's median listing age (time on market) for 2024-03-01 was 51 days.
This
is -18%
shorter
than the same period one year ago.
FARGO's median square footage for active listings during the 2024-03-01 period was 2,280 sqft. One year prior, the average listing was 2,183 sqft.
FARGO's median square footage for active listings during the 2024-03-01 period was 2,280 sqft. One year prior, the average listing was 2,183 sqft.
FARGO, ND-MN Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 56514 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 56519 | Fargo, ND-MN MSA | $750 | $880 | $1,070 | $1,520 | $1,820 |
| 56525 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 56529 | Fargo, ND-MN MSA | $600 | $710 | $860 | $1,220 | $1,460 |
| 56536 | Fargo, ND-MN MSA | $650 | $770 | $930 | $1,320 | $1,590 |
| 56546 | Fargo, ND-MN MSA | $650 | $770 | $940 | $1,340 | $1,600 |
| 56547 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 56549 | Fargo, ND-MN MSA | $610 | $720 | $880 | $1,250 | $1,500 |
| 56552 | Fargo, ND-MN MSA | $600 | $710 | $860 | $1,220 | $1,460 |
| 56554 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 56560 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 56561 | Fargo, ND-MN MSA | $650 | $770 | $940 | $1,340 | $1,600 |
| 56562 | Fargo, ND-MN MSA | $650 | $770 | $940 | $1,340 | $1,600 |
| 56563 | Fargo, ND-MN MSA | $650 | $770 | $940 | $1,340 | $1,600 |
| 56572 | Fargo, ND-MN MSA | $650 | $770 | $940 | $1,340 | $1,600 |
| 56574 | Fargo, ND-MN MSA | $650 | $770 | $940 | $1,340 | $1,600 |
| 56580 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 56584 | Fargo, ND-MN MSA | $650 | $770 | $940 | $1,340 | $1,600 |
| 56585 | Fargo, ND-MN MSA | $600 | $710 | $860 | $1,220 | $1,460 |
| 56594 | Fargo, ND-MN MSA | $650 | $770 | $940 | $1,340 | $1,600 |
| 58002 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58004 | Fargo, ND-MN MSA | $660 | $780 | $950 | $1,350 | $1,620 |
| 58005 | Fargo, ND-MN MSA | $760 | $900 | $1,090 | $1,550 | $1,850 |
| 58006 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58007 | Fargo, ND-MN MSA | $610 | $720 | $870 | $1,240 | $1,490 |
| 58011 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58012 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58015 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58021 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58027 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58029 | Fargo, ND-MN MSA | $610 | $710 | $870 | $1,230 | $1,480 |
| 58031 | Fargo, ND-MN MSA | $660 | $780 | $950 | $1,350 | $1,620 |
| 58035 | Fargo, ND-MN MSA | $590 | $700 | $850 | $1,210 | $1,450 |
| 58036 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58038 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58042 | Fargo, ND-MN MSA | $950 | $1,130 | $1,370 | $1,950 | $2,330 |
| 58045 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58046 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58047 | Fargo, ND-MN MSA | $590 | $700 | $850 | $1,210 | $1,450 |
| 58048 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58051 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58052 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58059 | Fargo, ND-MN MSA | $730 | $860 | $1,050 | $1,490 | $1,790 |
| 58064 | Fargo, ND-MN MSA | $610 | $720 | $880 | $1,250 | $1,500 |
| 58068 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58071 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,170 | $1,410 |
| 58078 | Fargo, ND-MN MSA | $690 | $810 | $990 | $1,410 | $1,690 |
| 58079 | Fargo, ND-MN MSA | $630 | $740 | $910 | $1,280 | $1,540 |
| 58102 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,180 | $1,410 |
| 58103 | Fargo, ND-MN MSA | $610 | $720 | $880 | $1,250 | $1,500 |
| 58104 | Fargo, ND-MN MSA | $760 | $900 | $1,090 | $1,550 | $1,860 |
| 58105 | Fargo, ND-MN MSA | $580 | $680 | $830 | $1,180 | $1,410 |
| 58106 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58107 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58108 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
| 58109 | Fargo, ND-MN MSA | $630 | $750 | $910 | $1,290 | $1,550 |
2022 Average & Median Rent Data Statistics
FARGO, ND-MN average 1BR rent: $745, median: $750
FARGO, ND-MN average 2BR rent: $907, median: $910
FARGO, ND-MN average 3BR rent: $1,286, median: $1,290
FARGO, ND-MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 3,035 | $908,555,000 | $299,359 |
| Home Improvement | 570 | $40,400,000 | $70,877 |
| Other | 543 | $48,695,000 | $89,678 |
| Refi | 412 | $95,620,000 | $232,087 |
| Cash Out Refi | 355 | $65,025,000 | $183,169 |
Fargo's most frequently cited loan purpose was Home Purchase, with 3,035 originations. The 2nd most popular reason was Home Improvement, with 570 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,856 | $480,510,000 | $258,895 |
| 7-8% | 987 | $214,525,000 | $217,351 |
| Over 8% | 779 | $80,225,000 | $102,985 |
| 5-6% | 777 | $231,505,000 | $297,947 |
| 4-5% | 80 | $39,560,000 | $494,500 |
| 3-4% | 70 | $20,170,000 | $288,143 |
| 2.5-3% | 26 | $3,010,000 | $115,769 |
| <2.5% | 10 | $750,000 | $75,000 |
During 2023, Fargo's most frequently originated rate bucket was 6-7%, with 1,856 originations.
Loan Sizing (FARGO, ND-MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,069 | $573,725,000 | $277,296 |
| $100,000 or less | 1,321 | $65,335,000 | $49,459 |
| $100k-200k | 1,088 | $162,180,000 | $149,063 |
| $400k-600k | 285 | $134,535,000 | $472,053 |
| $600k-1000k | 101 | $71,785,000 | $710,743 |
| $Over $1MM | 51 | $150,735,000 | $2,955,588 |
FARGO's loan sizing saw the bucket of loans from $200k-400k with 2,069 originations, totaling $573,725,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,877 | $535,855,000 | $285,485 |
| 60-80% | 910 | $299,470,000 | $329,088 |
| Under 20% | 876 | $41,060,000 | $46,872 |
| 20-40% | 553 | $77,475,000 | $140,099 |
| 40-60% | 306 | $96,200,000 | $314,379 |
| Over 100% | 54 | $17,910,000 | $331,667 |
FARGO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,877 originations, totaling $535,855,000 in origination value.