Fargo Real Estate Market: A Comprehensive Guide

Fargo, North Dakota is a bustling city with a thriving real estate market. With a growing population and a thriving economy, Fargo is a great place to invest in real estate. Whether you are looking to buy your first home or are an experienced investor, this guide will provide you with everything you need to know about the Fargo real estate market.

Location and Demographics

Fargo is located in Cass County, North Dakota and is the largest city in the state. The city has a population of approximately 123,000 residents and is home to North Dakota State University, which has a student population of over 14,000. Fargo has a diverse economy with industries such as healthcare, education, and technology all playing a major role. The city has a strong job market, with a low unemployment rate and high median household income, making it an attractive place to live for both families and professionals.

Real Estate Market Overview

The Fargo real estate market is currently experiencing steady growth, with median home prices on the rise. In 2021, the median home price in Fargo was $250,000, up from $230,000 in 2020. The average price per square foot for homes in Fargo is $125, which is slightly higher than the national average. Despite the rising home prices, Fargo remains an affordable place to live compared to other cities in the US.

Types of Properties Available in Fargo

The Fargo real estate market offers a wide range of properties to choose from, including single-family homes, townhouses, and apartments. Single-family homes make up the majority of the housing stock in Fargo, with many of these homes built in the 1950s and 1960s. There are also new construction homes available, with many builders offering energy-efficient and modern designs. Townhouses and apartments are becoming more popular in Fargo, with new developments popping up in the city center and surrounding suburbs.

Neighborhoods to Consider in Fargo

Fargo has a number of great neighborhoods to choose from, each with its own unique characteristics and charm. Some of the top neighborhoods in Fargo include:

  • Southside: This neighborhood is located in the southeast part of Fargo and is home to many families and young professionals. Southside has a mix of older and newer homes and is known for its tree-lined streets and friendly community.
  • North Fargo: This neighborhood is located in the northwest part of Fargo and is home to many young families and professionals. North Fargo has a mix of older and newer homes, with many properties featuring large yards and green spaces.
  • Downtown Fargo: This neighborhood is located in the heart of Fargo and is home to many young professionals and empty nesters. Downtown Fargo is a walkable community with a vibrant nightlife and a growing arts scene.

Conclusion

The Fargo real estate market offers a range of properties to choose from and is a great place to invest in real estate. With a strong job market, low unemployment rate, and rising home prices, Fargo is a city that offers a high quality of life for residents. Whether you are a first-time homebuyer or an experienced investor, Fargo is a city that has something to offer for everyone.

Fargo Home For Sale

Fargo Home For Sale

Jim Christl
Shannon Barnun
Modern Market Realtors
(701)205-5517

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Resources

Home Buying Guide Part 1
Home Buying Guide Part 2
Home Selling Guide Part 1
Home Selling Guide Part 2
Financing Guide Part 1
Financing Guide Part 2
Home Moving Guide Part 1
Home Moving Guide Part 2

EXCELLENT rating
Based on 70 reviews
If you are looking for a realtor, Jim and Shannon are the absolute BEST in town, or anywhere in my opinion. It doesn’t matter if it’s day or night or a holiday if you have a question for them or a concern they ALWAYS get back to you. They are also honest and transparent and have so much knowledge about the market. They worked their butts off to find us our dream home and they went completely above and beyond for us. Believe the five star reviews they are amazing people that quickly become friends. From start to finish Shannon will not miss a beat and she will work endlessly to make sure you have everything you need to feel comfortable. I cannot say enough about both of them. Absolutely amazing people and an incredible experience with both of them. We love you guys!
C K
C K
24/06/2022
I've never left a review on anyone or anything, but I have to for these guys. They are beyond incredible! They made buying our house so seamless. They were there for us when we were worried about things, there for us when we needed to get things done, and there for us when we needed advice as well. They genuinely become your friends throughout your time with them because they are good people and care about you. I can't recommend there guys enough! 10/5 stars :)
Jason Knodel
Jason Knodel
24/06/2022
I couldn’t have had a more positive experience with my first home purchase. They made everything go so smoothly and helped ensure I understood everything clearly. All their recommendations ended up being the most helpful and saved me the most when compared to other quotes. They took so much stress off my shoulders and made me feel confident in my decisions. I am beyond thankful, and highly recommend reaching out to them for your home purchase/selling needs! They truly are a great team that will look out for you and your best interests. Thank you so much Shannon and Jim!
Kati Larsen
Kati Larsen
09/02/2022
Jim and Shannon made our first experience of buying a home a breeze. I would recommend them to anybody buying or selling a home in the FM area. They helped us move through a fast moving market to find a home that fit us. Their knowledge and expertise set us up for success in today's market. Thank you for all of your help Jim and Shannon!
Mrs Kriefall
Mrs Kriefall
13/01/2022
Shannon and Jim sold my house in two days. With this hot market it was so important to get the asking price right. They know the market so well and we based our price on their recommendation and we ended up with multiple offers. They also gave us advice on getting our house ready to put on the market. Their help and expertise were so valuable. I can’t thank them enough.
Janet Johnson
Janet Johnson
14/11/2021
Shannon & Jim are probably the best realtors in the Fargo/Moorhead area. They've both worked here for a long time and know the town extremely well. Not only are they personable & professional, but my wife and I found them very responsive and sensitive to all of the curveballs that home buying threw at us. We were saved multiple times from hidden costs and pitfalls because Shannon and Jim answer their emails and texts. We did not come to Shannon & Jim by accident, but were recommended to them by our previous realtor who was selling our house in the Minneapolis area. He researched and found them for us and we're glad he did.
Matthew Nesheim
Matthew Nesheim
27/08/2021
Jim and Shannon were great to work with, they sold our home with in a few months of listing and help get us an accepted offer on our dream home! We have been living in our new home since January 2021 and so far, we are loving it! They were awesome! Thank you again!
Calley Rosado
Calley Rosado
13/06/2021
Good people.. Answered any questions we had. Anytime we wanted to look at houses they accommodated us. Thank you for putting up with us.
Nancy Haux
Nancy Haux
04/04/2021
When I decided my daughter and I would relocate, I put phone calls out to nearly every realtor in the Fargo-Moorhead area. I knew in my first conversation with Jim that he and his wife were the realtors for me! What was supposed to be a cut-and-dried real estate transaction became anything but easy!! I was so thankful, time and again, throughout that process to have Jim and Shannon in my corner, providing guidance and representation. Without their expertise, I most probably would not be residing in my beautiful home today.My daughter and I could not be happier, and my other children are equally thrilled for us! Jim and Shannon did not give up and I am forever grateful!
Kristen Partlow
Kristen Partlow
09/03/2021

Modern Market REALTORS®
1306 24 ave S
Moorhead, MN 56560
(701)205-5517

Homes For Sale in Fargo ND
https://g.page/FargoRealtors
Commitment, Trust, Knowledge

Jim Christl Real Estate Broker At Modern Market REALTORS® and contributing Real Estate Writer for many years.

Jim Christl, Real Estate Broker At Modern Market REALTORS® and Contributing Real Estate Writer.