FARGO Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fargo averaged
6.81%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
6.48% and
one month ago for the week of 2023-10-26, the
average rate was 7.28%.
Fargo's average rate one year ago was 5.97%.
For refis of the same type during the week of 2023-11-30, the average rate
was 6.25%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Fargo 30 Year Fixed Rate | 2023-11-30 | 6.81% |
Fargo 30 Year Fixed Rate Refi | 2023-11-30 | 6.25% |
Fargo 15 Year Fixed Rate | 2023-11-30 | 6.18% |
Fargo 15 Year Fixed Rate Refi | 2023-11-30 | 5.21% |
Fargo 30 Year FHA | 2023-11-30 | 6.28% |
Fargo 30 Year FHA Refi | 2023-11-30 | 7.15% |
Fargo 30 Year USDA | 2023-11-30 | 7.2% |
Fargo 30 Year USDA Refi | 2023-11-30 | 6.8% |
Fargo 30 Year VA | 2023-11-30 | 6.46% |
Fargo 30 Year VA Refi | 2023-11-30 | 6.57% |
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 127 lenders originated 6,556
loans during 2022. The total origination value was $1,819,670,000, with an average loan value of
$277,558.
FARGO's average closing costs are $4,458.
The top FARGO lender as defined by loan originations is Gate City Bank, with
617 loans originated. Their average total fees are
$5,664, which is $1,499
higher than the next largest lender,
Bell Bank.
The lowest fee FARGO lenders (with over 10 loans originated) are
Deere Employees Credit Union ($3,024), Alerus Financial ($3,599), CENTRAL MINNESOTA Credit Union ($3,646), JPMorgan Chase Bank ($3,791) and Western State Bank ($3,867).
The lowest rate FARGO lenders (with over 10 loans originated) are
Deere Employees Credit Union (3.18%), Gate City Bank (4.17%), Union State Bank of Fargo (4.39%), CAPITAL CREDIT UNION (4.39%) and JPMorgan Chase Bank (4.44%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
Gate City Bank | $432,600,000 | $300,735,000 | -30.5% | 16.5% |
Bell Bank | $368,020,000 | $225,020,000 | -38.9% | 12.4% |
First International Bank & Trust | $191,450,000 | $99,210,000 | -48.2% | 5.5% |
UNITED WHOLESALE MORTGAGE, LLC | $114,300,000 | $94,380,000 | -17.4% | 5.2% |
Western State Bank | $105,965,000 | $73,525,000 | -30.6% | 4.0% |
TOWN AND COUNTRY Credit Union | $141,175,000 | $70,590,000 | -50.0% | 3.9% |
VALLEY MORTGAGE, INC. | $144,955,000 | $68,255,000 | -52.9% | 3.8% |
CAPITAL CREDIT UNION | $61,045,000 | $68,190,000 | 11.7% | 3.7% |
Choice Financial Group | $57,605,000 | $60,600,000 | 5.2% | 3.3% |
Starion Bank | $44,105,000 | $58,565,000 | 32.8% | 3.2% |
First Western Bank & Trust | $75,540,000 | $53,940,000 | -28.6% | 3.0% |
FIRST COMMUNITY CREDIT UNION | $79,200,000 | $43,170,000 | -45.5% | 2.4% |
Bremer Bank | $87,115,000 | $42,160,000 | -51.6% | 2.3% |
American Federal Bank | $35,585,000 | $41,020,000 | 15.3% | 2.3% |
Wells Fargo Bank | $106,300,000 | $40,805,000 | -61.6% | 2.2% |
Grandbridge Real Estate Capital LLC | $40,780,000 | n/a | 2.2% | |
U.S. Bank | $71,485,000 | $33,485,000 | -53.2% | 1.8% |
QUICKEN LOANS, LLC | $73,450,000 | $31,235,000 | -57.5% | 1.7% |
CALIBER HOME LOANS, INC. | $70,765,000 | $28,575,000 | -59.6% | 1.6% |
Alerus Financial | $57,980,000 | $28,265,000 | -51.3% | 1.6% |
Union State Bank of Fargo | $18,615,000 | $17,920,000 | -3.7% | 1.0% |
First Interstate Bank | $105,000 | $16,685,000 | 15,790.5% | 0.9% |
Mortgage Research Center, LLC | $21,260,000 | $15,830,000 | -25.5% | 0.9% |
FINANCE OF AMERICA MORTGAGE LLC | $4,940,000 | $14,200,000 | 187.4% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $15,635,000 | $13,800,000 | -11.7% | 0.8% |
VISIONBank | $25,155,000 | $13,420,000 | -46.7% | 0.7% |
LOANDEPOT.COM, LLC | $19,790,000 | $10,985,000 | -44.5% | 0.6% |
GUARANTEED RATE, INC. | $9,840,000 | $10,490,000 | 6.6% | 0.6% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $22,660,000 | $10,220,000 | -54.9% | 0.6% |
Deere Employees Credit Union | $9,735,000 | $10,110,000 | 3.9% | 0.6% |
NEWREZ LLC | $2,945,000 | $9,855,000 | 234.6% | 0.5% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $10,055,000 | $9,230,000 | -8.2% | 0.5% |
Midwest Bank | $12,330,000 | $8,680,000 | -29.6% | 0.5% |
The Huntington National Bank | $5,305,000 | $6,745,000 | 27.1% | 0.4% |
Bridgewater Bank | $6,255,000 | n/a | 0.3% | |
PENNYMAC LOAN SERVICES, LLC | $18,770,000 | $6,230,000 | -66.8% | 0.3% |
Cornerstone Bank | $58,690,000 | $5,660,000 | -90.4% | 0.3% |
JPMorgan Chase Bank | $6,805,000 | $5,415,000 | -20.4% | 0.3% |
USAA Federal Savings Bank | $7,505,000 | $5,320,000 | -29.1% | 0.3% |
FREEDOM MORTGAGE CORPORATION | $41,495,000 | $5,105,000 | -87.7% | 0.3% |
Flagstar Bank, FSB | $12,880,000 | $4,770,000 | -63.0% | 0.3% |
CENTRAL MINNESOTA Credit Union | $27,420,000 | $4,445,000 | -83.8% | 0.2% |
JONES LANG LASALLE MULTIFAMILY, LLC | $4,385,000 | n/a | 0.2% | |
HOME POINT FINANCIAL CORPORATION | $12,665,000 | $4,140,000 | -67.3% | 0.2% |
AFFINITY PLUS | $11,015,000 | $3,995,000 | -63.7% | 0.2% |
NAVY FEDERAL CREDIT UNION | $3,995,000 | $3,835,000 | -4.0% | 0.2% |
Bank Forward | $91,430,000 | $3,540,000 | -96.1% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $9,670,000 | $3,380,000 | -65.0% | 0.2% |
First Resource Bank | $2,530,000 | $3,060,000 | 20.9% | 0.2% |
Mr. Cooper ( Nationstar Mortgage ) | $7,375,000 | $2,975,000 | -59.7% | 0.2% |
Plains Commerce Bank | $4,050,000 | $2,810,000 | -30.6% | 0.2% |
Barrington Bank & Trust Company, N.A. | $4,420,000 | $2,500,000 | -43.4% | 0.1% |
Servion, Inc. | $2,015,000 | $2,315,000 | 14.9% | 0.1% |
The Federal Savings Bank | $3,085,000 | $2,015,000 | -34.7% | 0.1% |
Merchants Bank | $12,915,000 | $1,945,000 | -84.9% | 0.1% |
American Bank Center | $3,050,000 | $1,810,000 | -40.7% | 0.1% |
Ally Bank | $1,780,000 | $1,765,000 | -0.8% | 0.1% |
BETTER MORTGAGE CORPORATION | $8,440,000 | $1,650,000 | -80.5% | 0.1% |
North American Savings Bank, F.S.B. | $1,490,000 | $1,585,000 | 6.4% | 0.1% |
BROKER SOLUTIONS, INC. | $4,480,000 | $1,550,000 | -65.4% | 0.1% |
Great Western Bank | $18,525,000 | $1,365,000 | -92.6% | 0.1% |
Goldman Sachs Bank USA | $1,355,000 | n/a | 0.1% | |
CROSSCOUNTRY MORTGAGE, LLC | $2,150,000 | $1,315,000 | -38.8% | 0.1% |
First Savings Bank | $6,270,000 | $1,230,000 | -80.4% | 0.1% |
AgCountry Farm Credit Services, FLCA | $915,000 | $1,180,000 | 29.0% | 0.1% |
Discover Bank | $425,000 | $1,155,000 | 171.8% | 0.1% |
ALAMEDA MORTGAGE CORPORATION | $1,150,000 | n/a | 0.1% | |
Bank of England | $1,855,000 | $1,150,000 | -38.0% | 0.1% |
Bank of the West | $3,700,000 | $1,105,000 | -70.1% | 0.1% |
Stifel Bank and Trust | $1,010,000 | $1,090,000 | 7.9% | 0.1% |
Paramount Residential Mortgage Group, Inc. | $1,565,000 | $1,085,000 | -30.7% | 0.1% |
American National Bank of Minnesota | $790,000 | $1,070,000 | 35.4% | 0.1% |
Bank of America | $4,125,000 | $1,015,000 | -75.4% | 0.1% |
Security First Bank of North Dakota | $390,000 | $940,000 | 141.0% | 0.1% |
MID AMERICA MORTGAGE, INC. | $1,555,000 | $920,000 | -40.8% | 0.1% |
Fortress Bank | $915,000 | n/a | 0.1% | |
EVERETT FINANCIAL, INC. | $295,000 | $860,000 | 191.5% | 0.0% |
Citizens Bank | $1,320,000 | $855,000 | -35.2% | 0.0% |
PLAZA HOME MORTGAGE, INC. | $840,000 | $850,000 | 1.2% | 0.0% |
American Mortgage & Equity Consultants, Inc. | $1,500,000 | $815,000 | -45.7% | 0.0% |
NBKC BANK | $1,720,000 | $795,000 | -53.8% | 0.0% |
OPEN MORTGAGE, LLC | $1,315,000 | $750,000 | -43.0% | 0.0% |
AMERICAN FINANCING CORPORATION | $1,080,000 | $740,000 | -31.5% | 0.0% |
Lend Smart Mortgage, LLC | $860,000 | $740,000 | -14.0% | 0.0% |
American Bank & Trust | $715,000 | n/a | 0.0% | |
PREMIA MORTGAGE, LLC | $660,000 | $700,000 | 6.1% | 0.0% |
Tradition Capital Bank | $670,000 | n/a | 0.0% | |
Armed Forces Bank | $650,000 | n/a | 0.0% | |
BAY EQUITY LLC | $550,000 | $650,000 | 18.2% | 0.0% |
WINGS FINANCIAL | $435,000 | $640,000 | 47.1% | 0.0% |
PREMIER MORTGAGE RESOURCES, L.L.C. | $630,000 | n/a | 0.0% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,235,000 | $570,000 | -53.8% | 0.0% |
Morgan Stanley Private Bank | $565,000 | n/a | 0.0% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $610,000 | $560,000 | -8.2% | 0.0% |
THRIVENT Federal Credit Union | $575,000 | $555,000 | -3.5% | 0.0% |
First Horizon Bank | $275,000 | $545,000 | 98.2% | 0.0% |
Dakota Community Bank & Trust | $460,000 | $505,000 | 9.8% | 0.0% |
Summit Mortgage Corporation | $505,000 | n/a | 0.0% | |
BMO Harris Bank | $495,000 | n/a | 0.0% | |
Frandsen Bank & Trust | $1,605,000 | $475,000 | -70.4% | 0.0% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $340,000 | $475,000 | 39.7% | 0.0% |
Florida Capital Bank | $755,000 | $470,000 | -37.7% | 0.0% |
Wyndham Capital Mortgage, Inc. | $850,000 | $455,000 | -46.5% | 0.0% |
FOUR POINTS | $445,000 | n/a | 0.0% | |
Commerce Home Mortgage, Inc. | $245,000 | $440,000 | 79.6% | 0.0% |
Gateway First Bank | $440,000 | n/a | 0.0% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $440,000 | n/a | 0.0% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $340,000 | $420,000 | 23.5% | 0.0% |
Amerifirst Financial, Inc. | $415,000 | n/a | 0.0% | |
LEADERONE FINANCIAL CORPORATION | $325,000 | $415,000 | 27.7% | 0.0% |
MEMBERS COOPERATIVE | $255,000 | $415,000 | 62.7% | 0.0% |
CORTRUST MORTGAGE, INC. | $545,000 | $410,000 | -24.8% | 0.0% |
MORIA DEVELOPMENT, INC. | $400,000 | n/a | 0.0% | |
ZILLOW HOME LOANS, LLC | $1,105,000 | $400,000 | -63.8% | 0.0% |
City National Bank | $395,000 | n/a | 0.0% | |
First Federal Bank | $115,000 | $395,000 | 243.5% | 0.0% |
PNC Bank | $5,680,000 | $395,000 | -93.0% | 0.0% |
JAMES B. NUTTER & COMPANY | $385,000 | n/a | 0.0% | |
RBC Bank, (Georgia) | $195,000 | $385,000 | 97.4% | 0.0% |
Prosperity Home Mortgage, LLC | $440,000 | $380,000 | -13.6% | 0.0% |
DIGITAL Federal Credit Union | $375,000 | n/a | 0.0% | |
Dacotah Bank | $6,080,000 | $350,000 | -94.2% | 0.0% |
HOMESIDE FINANCIAL, LLC | $1,770,000 | $345,000 | -80.5% | 0.0% |
NFM, INC. | $335,000 | n/a | 0.0% | |
Home Federal Savings Bank | $135,000 | $325,000 | 140.7% | 0.0% |
First State Bank | $320,000 | n/a | 0.0% | |
ARC HOME LLC | $365,000 | $315,000 | -13.7% | 0.0% |
Goldwater Bank, N.A. | $255,000 | $315,000 | 23.5% | 0.0% |
American Investors Bank and Mortgage | $305,000 | n/a | 0.0% | |
First National Bank of America | $135,000 | $305,000 | 125.9% | 0.0% |
Northwest Bank | $55,000 | $305,000 | 454.5% | 0.0% |
SOFI LENDING CORP. | $1,505,000 | $300,000 | -80.1% | 0.0% |
City Bank | $285,000 | n/a | 0.0% | |
First National Bank of Omaha | $235,000 | $285,000 | 21.3% | 0.0% |
CITY-COUNTY CREDIT UNION | $275,000 | n/a | 0.0% | |
Figure Lending LLC | $85,000 | $270,000 | 217.6% | 0.0% |
CMG MORTGAGE, INC. | $630,000 | $265,000 | -57.9% | 0.0% |
EMBRACE HOME LOANS, INC. | $145,000 | $265,000 | 82.8% | 0.0% |
EVANSVILLE TEACHERS | $265,000 | n/a | 0.0% | |
American Heritage National Bank | $255,000 | n/a | 0.0% | |
AmeriHome Mortgage Company, LLC | $810,000 | $255,000 | -68.5% | 0.0% |
Mortgages Unlimited Inc. | $170,000 | $255,000 | 50.0% | 0.0% |
Devon Bank | $235,000 | n/a | 0.0% | |
Minnwest Bank | $235,000 | n/a | 0.0% | |
Unison Bank | $745,000 | $230,000 | -69.1% | 0.0% |
ATLANTA POSTAL | $225,000 | n/a | 0.0% | |
BOKF | $225,000 | n/a | 0.0% | |
First National Bank | $225,000 | n/a | 0.0% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,240,000 | $225,000 | -81.9% | 0.0% |
RESIDENTIAL BANCORP. | $225,000 | n/a | 0.0% | |
HOMESTEAD FUNDING CORP. | $700,000 | $215,000 | -69.3% | 0.0% |
Northview Bank | $175,000 | $215,000 | 22.9% | 0.0% |
Woodlands National Bank | $215,000 | n/a | 0.0% | |
21ST MORTGAGE CORPORATION | $340,000 | $210,000 | -38.2% | 0.0% |
VILLAGE CAPITAL MORTGAGE | $875,000 | $210,000 | -76.0% | 0.0% |
Century Mortgage Company DBA Century Lending Company | $205,000 | n/a | 0.0% | |
Farmers & Merchants Savings Bank | $205,000 | n/a | 0.0% | |
Third Federal Savings and Loan Association of Cleveland | $205,000 | n/a | 0.0% | |
Equity Prime Mortgage LLC | $355,000 | $195,000 | -45.1% | 0.0% |
PLANET HOME LENDING, LLC | $195,000 | n/a | 0.0% | |
Texana Bank | $195,000 | n/a | 0.0% | |
Axos Bank | $215,000 | $185,000 | -14.0% | 0.0% |
Heritage Bank | $1,285,000 | $185,000 | -85.6% | 0.0% |
NATIONS RELIABLE LENDING, LLC | $175,000 | n/a | 0.0% | |
Carrollton Bank | $165,000 | n/a | 0.0% | |
Magnolia Bank | $840,000 | $165,000 | -80.4% | 0.0% |
ON Q FINANCIAL, INC. | $500,000 | $165,000 | -67.0% | 0.0% |
PHH Mortgage Corporation | $580,000 | $165,000 | -71.6% | 0.0% |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $155,000 | n/a | 0.0% | |
IOWA BANKERS MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
S1L, Inc. | $155,000 | n/a | 0.0% | |
Tradition Mortgage, LLC | $1,510,000 | $155,000 | -89.7% | 0.0% |
HOMEXPRESS MORTGAGE CORP. | $145,000 | n/a | 0.0% | |
ROYAL UNITED MORTGAGE LLC | $75,000 | $145,000 | 93.3% | 0.0% |
Cache Valley Bank | $135,000 | n/a | 0.0% | |
RiverWood Bank | $370,000 | $135,000 | -63.5% | 0.0% |
FINANCE OF AMERICA REVERSE LLC | $125,000 | n/a | 0.0% | |
BNC National Bank | $980,000 | $115,000 | -88.3% | 0.0% |
M&T Bank | $165,000 | $115,000 | -30.3% | 0.0% |
HIWAY | $110,000 | n/a | 0.0% | |
CITIZENS EQUITY FIRST | $105,000 | n/a | 0.0% | |
Deerwood Bank | $395,000 | $105,000 | -73.4% | 0.0% |
FirstBank | $1,120,000 | $105,000 | -90.6% | 0.0% |
Baxter Credit Union | $1,375,000 | $75,000 | -94.5% | 0.0% |
RAILWAY CREDIT UNION | $360,000 | $65,000 | -81.9% | 0.0% |
QUORUM FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
BANKWEST, INC. | $35,000 | n/a | 0.0% | |
TRIAD FINANCIAL SERVICES, INC. | $35,000 | n/a | 0.0% | |
SPRING EQ, LLC | $25,000 | n/a | 0.0% |
FARGO's top lender by overall market share is Gate City Bank, with 16.5% market share. In second place, with 12.4%, is Bell Bank, having originated $225,020,000 in loans. In third place, with 5.5%, is First International Bank & Trust, having originated $99,210,000 in loans. In fourth place, with 5.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $94,380,000 in loans. In fifth place, with 4.0%, is Western State Bank, having originated $73,525,000 in loans.
FARGO Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - FARGO (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | $260,581 (-4.9%) | $309,505 (-5.3%) | 0.87 | 1,051 |
2018-06-01 | $262,950 (-2.8%) | $306,589 (-5.6%) | 0.88 | 1,132 |
2018-07-01 | $259,775 (-2.4%) | $302,795 (-6.0%) | 0.87 | 1,166 |
2018-08-01 | $259,900 (2.0%) | $302,670 (-0.5%) | 0.87 | 1,205 |
2018-09-01 | $254,945 (1.3%) | $301,955 (0.2%) | 0.86 | 1,232 |
2018-10-01 | $250,336 (-0.3%) | $299,035 (-0.6%) | 0.85 | 1,216 |
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 (1.0%) | $310,015 (0.2%) | 0.82 | 1,229 |
2019-06-01 | $259,900 (-1.2%) | $306,864 (0.1%) | 0.81 | 1,296 |
2019-07-01 | $259,409 (-0.1%) | $305,120 (0.8%) | 0.81 | 1,307 |
2019-08-01 | $252,793 (-2.7%) | $299,375 (-1.1%) | 0.80 | 1,341 |
2019-09-01 | $249,634 (-2.1%) | $294,773 (-2.4%) | 0.80 | 1,366 |
2019-10-01 | $247,029 (-1.3%) | $290,375 (-2.9%) | 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%) | $449,340 (7.5%) | 0.88 | 620 |
2023-06-01 | $389,900 (7.5%) | $450,484 (10.1%) | 0.88 | 656 |
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 |
FARGO's median listing price comes in at 85% of the national average.
FARGO's average listing price for 2023-11-01 was $403,984, a difference of $-697 (-0.2%) versus the prior year and $683 versus the prior month.
For the 2023-11-01 period, FARGO had 861 MLS listings, a difference of 3 listings (0%) versus the prior month and 150 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - FARGO (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,363 sqft |
2018-08-01 | 55 days | 2,352 sqft |
2018-09-01 | 58 days | 2,340 sqft |
2018-10-01 | 65 days | 2,315 sqft |
2018-11-01 | 73 days | 2,266 sqft |
2018-12-01 | 85 days | 2,239 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 | 2,272 sqft |
2019-09-01 | 60 days | 2,254 sqft |
2019-10-01 | 61 days | 2,234 sqft |
2019-11-01 | 69 days | 2,229 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 | 2,212 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 | 2,340 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 |
FARGO's median square footage for active listings during the 2023-11-01 period was 2,250 sqft. One year prior, the average listing was 2,212 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 | $540 | $650 | $790 | $1,130 | $1,370 |
56519 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
56525 | Fargo, ND-MN | $580 | $690 | $840 | $1,190 | $1,440 |
56529 | Fargo, ND-MN | $570 | $670 | $820 | $1,160 | $1,400 |
56536 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
56546 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
56547 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
56549 | Fargo, ND-MN | $600 | $710 | $870 | $1,240 | $1,490 |
56552 | Fargo, ND-MN | $570 | $670 | $810 | $1,160 | $1,390 |
56554 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
56560 | Fargo, ND-MN | $580 | $690 | $840 | $1,190 | $1,440 |
56561 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
56562 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
56563 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
56572 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
56574 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
56580 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
56584 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
56585 | Fargo, ND-MN | $560 | $660 | $800 | $1,140 | $1,370 |
56594 | Fargo, ND-MN | $610 | $720 | $880 | $1,250 | $1,510 |
58002 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58004 | Fargo, ND-MN | $630 | $740 | $900 | $1,280 | $1,540 |
58005 | Fargo, ND-MN | $710 | $830 | $1,020 | $1,440 | $1,740 |
58006 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58007 | Fargo, ND-MN | $560 | $660 | $800 | $1,140 | $1,370 |
58011 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58012 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58015 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58021 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58027 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58029 | Fargo, ND-MN | $560 | $650 | $800 | $1,130 | $1,370 |
58031 | Fargo, ND-MN | $650 | $760 | $930 | $1,320 | $1,590 |
58035 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58036 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58038 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58042 | Fargo, ND-MN | $900 | $1,060 | $1,290 | $1,830 | $2,210 |
58045 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58046 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58047 | Fargo, ND-MN | $580 | $690 | $840 | $1,190 | $1,440 |
58048 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58051 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58052 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58059 | Fargo, ND-MN | $700 | $830 | $1,010 | $1,430 | $1,730 |
58064 | Fargo, ND-MN | $550 | $650 | $790 | $1,130 | $1,370 |
58068 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58071 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58078 | Fargo, ND-MN | $630 | $750 | $910 | $1,290 | $1,560 |
58079 | Fargo, ND-MN | $600 | $700 | $850 | $1,210 | $1,460 |
58102 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58103 | Fargo, ND-MN | $570 | $670 | $820 | $1,160 | $1,400 |
58104 | Fargo, ND-MN | $710 | $840 | $1,020 | $1,450 | $1,750 |
58105 | Fargo, ND-MN | $540 | $650 | $790 | $1,130 | $1,370 |
58106 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58107 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58108 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
58109 | Fargo, ND-MN | $600 | $710 | $860 | $1,220 | $1,470 |
2022 Average & Median Rent Data Statistics
FARGO, ND-MN average 1BR rent: $701, median: $705
FARGO, ND-MN average 2BR rent: $853, median: $855
FARGO, ND-MN average 3BR rent: $1,214, median: $1,215
FARGO, ND-MN Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 4,041 | $1,304,855,000 | $322,904 |
Refi | 766 | $238,540,000 | $311,410 |
Cash Out Refi | 650 | $176,740,000 | $271,908 |
Home Improvement | 580 | $42,210,000 | $72,776 |
Other | 519 | $57,325,000 | $110,453 |
Fargo's most frequently cited loan purpose was Home Purchase, with 4,041 originations. The 2nd most popular reason was Refi, with 766 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
4-5% | 1,846 | $528,270,000 | $286,170 |
3-4% | 1,666 | $594,880,000 | $357,071 |
5-6% | 1,468 | $324,660,000 | $221,158 |
6-7% | 617 | $121,375,000 | $196,718 |
2.5-3% | 449 | $122,135,000 | $272,016 |
7-8% | 146 | $20,930,000 | $143,356 |
<2.5% | 121 | $28,725,000 | $237,397 |
Over 8% | 42 | $2,470,000 | $58,810 |
During 2022, Fargo's most frequently originated rate bucket was 4-5%, with 1,846 originations.
Loan Sizing (FARGO, ND-MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 2,720 | $752,650,000 | $276,710 |
$100k-200k | 1,773 | $272,915,000 | $153,928 |
$100,000 or less | 1,349 | $69,045,000 | $51,182 |
$400k-600k | 491 | $232,485,000 | $473,493 |
$600k-1000k | 143 | $99,435,000 | $695,350 |
$Over $1MM | 80 | $393,140,000 | $4,914,250 |
FARGO's loan sizing saw the bucket of loans from $200k-400k with 2,720 originations, totaling $752,650,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 2,720 | $830,040,000 | $305,162 |
60-80% | 1,616 | $633,830,000 | $392,222 |
Under 20% | 870 | $38,920,000 | $44,736 |
20-40% | 584 | $67,100,000 | $114,897 |
40-60% | 484 | $141,510,000 | $292,376 |
Over 100% | 72 | $30,070,000 | $417,639 |
FARGO's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,720 originations, totaling $830,040,000 in origination value.