According to statistics, the population in Fargo, ND amounts to 118,099, which shows growth 2% compared to the previous year. The median age of the city’s residents is 30. The average household income is $50,561, shifting growth 5% from the past year, and the average property value in Fargo, ND growth 7% to $190,200 throughout the year.
|Number Of Employees||69,906|
|Median Property Value||$190,200|
The average household income in Fargo, ND grew from $48,060 to $50,561 in the past year. This data is an estimate based upon 52,751 households in Fargo, ND . The chart below presents how household income is distributed in Fargo, ND in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Fargo, ND shifted from $178,300 to $190,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Fargo, ND in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Fargo, ND properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Fargo, ND compared to median property taxes around the country. The prevalent amount of property taxes in Fargo, ND equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Fargo, ND decreased by 22.2% to $304,701.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 21.5% to $208,180. Asking price for 2-bed apartment also decreased by 24% and a place of this size will now cost you $249,697. A 3-bed apartment goes for $260,188, it decreased by 4.1% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 16.5% and made it down to $377,935.
Price reports demonstrate that house price decreased by 18.4% this month making it up to $339,297. Condos faced an upward trend these days. The median price for a condo decreased by 24.9%, it’s now available for $238,595. You can now purchase a duplex for just $125,000, duplex price decreased by 92.6% this month.