West Fargo, ND Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

West Fargo, ND Housing Market Trends

With a population of 37,058, 13,840 total housing units (homes and apartments), and a median house value of $236,003, West Fargo real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in West Fargo, accounting for 50.80% of the city's housing units. Other types of housing that are prevalent in West Fargo include large apartment complexes or high rise apartments ( 26.83%), row houses and other attached homes ( 15.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Fargo. Owner-occupied housing accounts for 65.63% of West Fargo's homes, and 52.65% have either three or four bedrooms, which is average sized relative to America.

West Fargo homes and real estate are some of the newest in America. 55.52% of West Fargo's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the West Fargo real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.65%), and between 1940-1969 ( 10.52%). There's also some housing in West Fargo built before 1939 ( 2.31%).

West Fargo Home Appreciation Rates

Appreciation rates for homes in West Fargo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 47.05%, which ranks in the top 50% nationwide. This equates to an annual average West Fargo house appreciation rate of 3.93%.

Over the last year, West Fargo appreciation rates have trailed the rest of the nation. In the last twelve months, West Fargo's appreciation rate has been 3.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Fargo were at 1.04%, which equates to an annual appreciation rate of 4.23%.

Notably, West Fargo's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Dakota, our data show that West Fargo's latest annual appreciation rate is lower than 80% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$236,003

West Fargo, ND HOME PRICES

> $1,127,000
0.6%
0.6%
$845,001 - $1,127,000
0.9%
0.9%
$564,001 - $845,000
3.6%
3.6%
$450,001 - $564,000
8.4%
8.4%
$338,001 - $450,000
12.5%
12.5%
$226,001 - $338,000
30.6%
30.6%
$112,001 - $226,000
35.9%
35.9%
$57,001 - $112,000
3.7%
3.7%
$0 - $57,000
3.9%
3.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for ND

Value Relative To Nation

Number Of Homes And Apartments:
13,840

West Fargo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
103.31% 3.36%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$919 / per month

Homeownership Rate

Owners
65.6%
65.6%
Renters
34.4%
34.4%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
55.5%
55.5%
1970 - 1999
31.7%
31.7%
1940 - 1969
10.5%
10.5%
1939 or Older
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
50.8%
50.8%
Townhomes
15.3%
15.3%
Small Apt. Buildings
4.0%
4.0%
Apt. Complexes
26.8%
26.8%
Mobile Homes
3.1%
3.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
8.2%
8.2%
2 Bedrooms
25.6%
25.6%
3 Bedrooms
30.3%
30.3%
4 Bedrooms
22.4%
22.4%
5 or more bedrooms
12.7%
12.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in West Fargo

Zip Codes in West Fargo, ND