North Dakota

Home prices in North Dakota and Fargo: median value, trend

Median owner-occupied home value: $266,100 in North Dakota and $292,900 in Fargo (Census ACS 2024). FHFA: North Dakota prices up 4.8% in a year.

Checked on against the official sources listed at the bottom of the page.

In short

The median value of owner-occupied homes is $266,100 in North Dakota and $292,900 in the city of Fargo, against $360,600 nationwide (Census ACS 2024). On the FHFA index, North Dakota prices up 4.8% between the second quarters of 2025 and 2026, faster than the U.S. rise of 2.1%.

What it costs: median value in 2024

AreaMedian value, 2024Margin of error (90%)
United States$360,600±$618
North Dakota$266,100±$5,332
Fargo, ND-MN metro area$300,200±$10,131
Cass County, ND$314,500±$12,221
City of Fargo$292,900±$17,766

Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.

Four points stand out:

  • The North Dakota median is $94,500 below the national median.
  • The city of Fargo sits $26,800 above the state median and $7,300 below the Fargo metro median. Cass County, which includes Fargo and its suburbs, is higher than both at $314,500.
  • The Fargo metro area spans the North Dakota–Minnesota border, so its figure is not a North Dakota-only number.
  • The city figure carries a margin of error of ±$17,766, so Fargo’s true median is very likely between about $275,100 and $310,700.

How prices have moved: the FHFA index

FHFA publishes a purchase-only metro index only for the largest metro areas, and Fargo is not among them. For Fargo we use FHFA’s all-transactions index, which also counts appraisals from refinances and is not seasonally adjusted.

Area1-year change (Q2 2025 to Q2 2026)5-year change (Q2 2021 to Q2 2026)
United States+2.1%+33.4%
North Dakota+4.8%+32.1%
Fargo, ND-MN metro (all-transactions)*+4.2%+35.6%

Source: FHFA House Price Index, quarterly files for the U.S. and states (purchase-only, seasonally adjusted) and for metropolitan areas (all-transactions). Changes calculated by Payotte from the published index values.

*The Fargo row uses a different series from the other two. Because both quarters compared are second quarters, the seasons cancel out, but do not compare the Fargo row to the others to the decimal.

North Dakota prices rose more than twice as fast as the national index over the past year. Over five years, the state gained 32.1%, close to the nation’s 33.4%, and the Fargo area gained slightly more.

A worked example

Take a Fargo-area home worth $290,000 in the second quarter of 2021. Tracking the Fargo all-transactions index exactly, it would have been worth about $393,000 in the second quarter of 2026 (+35.6%). Over the last year alone, a $300,000 home would have gained about $12,700 (+4.2%). A single home can differ widely from the index.

How to use these figures when buying

Related: North Dakota closing costs guide, buying a home in Fargo and North Dakota first-time buyer programs.

Method and dataset

ACS median value. ACS 1-Year 2024, table B25077. Geographies: United States (0100000US), North Dakota (0400000US38), Fargo, ND-MN metro area (310M700US22020), Cass County (0500000US38017), Fargo city (1600000US3825700). Read through the data.census.gov API on October 13, 2026.

FHFA index. FHFA House Price Index, quarterly files hpi_po_state.txt (North Dakota, purchase-only, seasonally adjusted), hpi_po_us_and_census.txt (USA, same basis) and hpi_at_metro (Fargo, ND-MN, CBSA 22020, all-transactions, not seasonally adjusted). Index values used: North Dakota 441.75 (Q2 2025), 350.41 (Q2 2021) and 462.97 (Q2 2026); United States 426.58, 326.58 and 435.69; Fargo 350.57, 269.42 and 365.43.

Frequently asked questions

What is the median home value in North Dakota?

North Dakota’s 2024 ACS median home value is $266,100 (±$5,332), against $360,600 for the nation: owners’ own estimates, not sale prices.

What is the median home value in Fargo?

For the city of Fargo, the 2024 ACS median value is $292,900 (±$17,766). Cass County is at $314,500 and the Fargo, ND-MN metro area at $300,200.

Are North Dakota home prices going up or down?

FHFA’s purchase-only index shows North Dakota prices rose 4.8% over the year to Q2 2026, and the Fargo metro area rose 4.2% on FHFA’s all-transactions index. Over five years, they rose 32.1% and 35.6%.

How North Dakota compares with the other States

North Dakota ranks 36th of 50 for median home value ($266,100), 26% below the national $360,600.

The States closest in median value are Nebraska ($263,100) and Pennsylvania ($277,600). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; North Dakota is $73,400 below the middle of that ranking (Wyoming).

On the FHFA index, North Dakota prices rose 4.8% over the year to the second quarter of 2026, which places the State 6th of 50, 2.7 points ahead of the national +2.1%. Over five years the gain is +32.1% (37th of 50; nation +33.4%).

The two measures diverge: North Dakota is among the cheapest States by median value, yet its prices rose faster than most over the past year.

Over five years, North Dakota's +32.1% annualises to +5.7% a year (nation +5.9%). That is close to the latest one-year pace (+4.8%), so the recent year matches the trend.

Fargo, the main city, has a median of $292,900, 32nd of the 49 main cities Payotte covers. That is 10% above the North Dakota median, a premium that ranks 26th of 49.

The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. North Dakota (+4.8%) is 3.5 points below the top and 6 above the bottom; Wisconsin (+4.8%) and Connecticut (+4.7%) are the nearest to it.

For scale, 20% of the North Dakota median is $53,220, against $72,120 at the national median.

Compare with the other states: Median home price by state.

More North Dakota guides

Sources

North Dakota · All states · Federal guides