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 6.69% for the week of 2024-11-27, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2024-11-21) was 6.72% and one month ago for the week of 2024-10-24, the average rate was 6.02%.

Fargo's average rate one year ago was 7.07%.

For refis of the same type during the week of 2024-11-27, the average rate was 6.75%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-27 6.81%
Fargo 30 Year Fixed Rate 2024-11-27 6.69%
Fargo 30 Year Fixed Rate Refi 2024-11-27 6.75%
Fargo 15 Year Fixed Rate 2024-11-27 6.25%
Fargo 15 Year Fixed Rate Refi 2024-11-27 6.1%
Fargo 30 Year FHA 2024-11-27 -0.05%
Fargo 30 Year FHA Refi 2024-11-27 -0.2%
Fargo 30 Year USDA 2024-11-27 -0.1%
Fargo 30 Year USDA Refi 2024-11-27 0.1%
Fargo 30 Year VA 2024-11-27 -0.18%
Fargo 30 Year VA Refi 2024-11-27 0.1%
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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Gate City Bank 361 6.04% $5,694
UNITED WHOLESALE MORTGAGE, LLC 171 6.75% $6,114
Bell Bank 159 6.56% $5,259
VALLEY MORTGAGE, INC. 126 6.52% $3,719
First International Bank & Trust 83 6.77% $4,257
FIRST COMMUNITY CREDIT UNION 69 6.36% $4,669
Bremer Bank 69 6.64% $5,094
TOWN AND COUNTRY Credit Union 58 6.41% $5,260
U.S. Bank 56 6.68% $4,030
First Western Bank & Trust 45 6.33% $4,794
QUICKEN LOANS, LLC 44 6.70% $6,810
NEWREZ LLC 41 6.50% $5,698
Alerus Financial 37 6.71% $3,083
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 36 6.67% $5,080
Western State Bank 34 6.46% $3,977
Choice Financial Group 32 6.08% $6,308
Nations Lending Corporation 26 6.46% $4,510
CAPITAL CREDIT UNION 26 6.44% $5,483
Wells Fargo Bank 26 6.51% $6,278
First Savings Bank 22 6.57% $4,753
BAY EQUITY LLC 22 6.66% $5,754
Starion Bank 14 5.47% $7,625
JPMorgan Chase Bank 14 6.61% $5,661
CENTRAL MINNESOTA Credit Union 13 6.64% $3,038
LOANDEPOT.COM, LLC 13 7.23% $5,222
Deere Employees Credit Union 11 6.37% $3,195
PENNYMAC LOAN SERVICES, LLC 11 7.03% $5,570
ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.74% $5,469
Plains Commerce Bank 8 6.59% $3,003
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 7.25% $8,536
BMO Harris Bank 6 6.58% $3,686
The Huntington National Bank 5 6.65% $4,690
GUARANTEED RATE, INC. 5 6.73% $6,476
CROSSCOUNTRY MORTGAGE, LLC 4 6.74% $4,803
PREMIER MORTGAGE RESOURCES, L.L.C. 4 7.18% $7,186
AFFINITY PLUS 4 6.84% $5,049
TOWNE MORTGAGE COMPANY 4 6.91% $7,923
Dakota Community Bank & Trust 4 6.28% $5,258
Barrington Bank & Trust Company, N.A. 4 5.86% $5,019
CARDINAL FINANCIAL 3 6.16% $11,410
USAA Federal Savings Bank 3 7.13% $5,771
Servion, Inc. 3 6.75% $5,197
Dacotah Bank 3 7.21% $5,483
Merchants Bank 3 6.86% $5,853
THRIVENT Federal Credit Union 3 6.71% $5,981
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.88% $5,980
Baxter Credit Union 2 6.25% $2,305
Prosperity Home Mortgage, LLC 2 6.31% $4,466
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 7.19% $4,299
CMG MORTGAGE, INC. 2 6.25% $5,177
Frandsen Bank & Trust 2 6.71% $6,008
OCMBC, INC. 2 8.12% $14,579
Bank Forward 2 7.26% $3,273
EVERETT FINANCIAL, INC. 2 7.06% $7,519
AMERISAVE MORTGAGE CORPORATION 2 6.38% $5,403
Northpointe Bank 2 6.00% $4,723
Tradition Mortgage, LLC 2 6.81% $6,070
BROKER SOLUTIONS, INC. 2 7.18% $5,427
CALIBER HOME LOANS, INC. 2 5.88% $9,278
NAVY FEDERAL CREDIT UNION 2 5.88% $3,584
MEGASTAR FINANCIAL CORP. 2 6.50% $3,743
First Bank & Trust 2 5.81% $8,216
American Mortgage & Equity Consultants, Inc. 2 6.38% $6,564
Mr. Cooper ( Nationstar Mortgage ) 2 6.81% $8,686
ZILLOW HOME LOANS, LLC 1 6.88% $3,845
Ally Bank 1 6.88% $2,710
American Bank Center 1 7.63% $4,531
American Bank & Trust 1 6.38% $7,228
AMERICAN FINANCING CORPORATION 1 6.88% $7,867
AMERICAN INTERNET MORTGAGE, INC. 1 6.50% $2,464
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.38% $3,912
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.50% $16,831
Bank of America 1 6.50% $2,980
Bank of the West 1 5.75% $3,897
BNC National Bank 1 6.25% $4,019
Century Mortgage Company DBA Century Lending Company 1 6.13% $0
CORTRUST MORTGAGE, INC. 1 6.00% $6,140
Dollar Bank, Federal Savings Bank 1 6.25% $3,091
Farmers Bank & Trust 1 5.50% $17,184
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $4,796
First Federal Bank 1 7.00% $13,278
First State Bank of St. Charles, Missouri 1 7.00% $4,276
Flagstar Bank, FSB 1 7.38% $4,008
Florida Capital Bank 1 7.38% $2,842
GUARANTEED RATE AFFINITY, LLC 1 6.88% $28
GUILD MORTGAGE COMPANY 1 7.88% $6,283
LAKEVIEW LOAN SERVICING, LLC 1 6.00% $8,848
Liberty Bank Minnesota 1 7.00% $1,674
LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $4,994
Morgan Stanley Private Bank 1 6.85% $2,817
Mortgage Research Center, LLC 1 7.88% $1,568
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.50% $3,023
North American Savings Bank, F.S.B. 1 9.13% $904
NP, Inc. 1 8.62% $11,574
Park State Bank 1 5.88% $3,852
PLAZA HOME MORTGAGE, INC. 1 7.50% $5,719
PNC Bank 1 6.75% $4,518
PREMIA MORTGAGE, LLC 1 6.13% $0
RESIDENTIAL BANCORP 1 6.99% $5,236
Stockman Bank of Montana 1 6.13% $5,207
The Federal Savings Bank 1 6.38% $9,246
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 7.50% $3,117
Willamette Valley Bank 1 6.50% $9,223
Wyndham Capital Mortgage, Inc. 1 6.63% $3,017
21ST MORTGAGE CORPORATION 1 8.60% $5,334

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
2024-04-01 $386,325 (1.0%) $439,438 (-0.6%) 0.90 729
2024-05-01 $386,460 (-0.9%) $442,047 (-1.6%) 0.87 856
2024-06-01 $399,000 (2.3%) $457,178 (1.7%) 0.90 800
2024-07-01 $399,900 (3.9%) $459,872 (4.2%) 0.91 829
2024-08-01 $395,950 (6.3%) $461,506 (6.4%) 0.92 890
2024-09-01 $385,000 (5.5%) $455,327 (11.1%) 0.91 935
2024-10-01 $378,900 (5.9%) $448,060 (11.1%) 0.89 973
FARGO's median listing price for 2024-10-01 was $378,900, a difference of $21,057 (5.9%) versus the prior year and $-6,100 versus the prior month.

FARGO's median listing price comes in at 89% of the national average.

FARGO's average listing price for 2024-10-01 was $448,060, a difference of $44,759 (11.1%) versus the prior year and $-7,267 versus the prior month.

For the 2024-10-01 period, FARGO had 973 MLS listings, a difference of 38 listings (4%) versus the prior month and 115 listings (13%) 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
2024-04-01 52 days 2,252 sqft
2024-05-01 42 days 2,250 sqft
2024-06-01 47 days 2,345 sqft
2024-07-01 52 days 2,364 sqft
2024-08-01 50 days 2,283 sqft
2024-09-01 53 days 2,283 sqft
2024-10-01 61 days 2,258 sqft
FARGO's median listing age (time on market) for 2024-10-01 was 61 days. This is -1% shorter than the same period one year ago.

FARGO's median square footage for active listings during the 2024-10-01 period was 2,258 sqft. One year prior, the average listing was 2,251 sqft.

FARGO, ND-MN Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
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.