West Fargo, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Fargo, ND Real Estate Data


West Fargo Housing Market Information

With a population of 33,597, 11,125 total housing units (homes and apartments), and a median house value of $229,958, 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 50.13% of the city's housing units. Other types of housing that are prevalent in West Fargo include large apartment complexes or high rise apartments ( 24.76%), row houses and other attached homes ( 16.66%), and a few mobile homes or trailers ( 4.72%).

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 68.47% of West Fargo's homes, and 56.60% 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. 44.01% 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 ( 43.34%), and between 1940-1969 ( 11.07%). There's also some housing in West Fargo built before 1939 ( 1.57%).

West Fargo Home Appreciation Rates

In the last 10 years, West Fargo has experienced some of the highest home appreciation rates of any community in the nation. West Fargo real estate appreciated 38.53% over the last ten years, which is an average annual home appreciation rate of 3.31%, putting West Fargo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, West Fargo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 4.14%, 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 1.61%, which equates to an annual appreciation rate of 6.60%.

Relative to North Dakota, our data show that West Fargo's latest annual appreciation rate is higher than 90% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$229,958

West Fargo, ND HOME PRICES

Value Range
> $1,264,000 0.3
$947,001 - $1,264,000 0.2
$632,001 - $947,000 1.6
$505,001 - $632,000 3.7
$379,001 - $505,000 8.4
$253,001 - $379,000 21.2
$126,001 - $253,000 50.8
$63,001 - $126,000 7.9
$0 - $63,000 5.9

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
26.5561866838438 15.0442477876106

Number Of Homes And Apartments:
11,125

Rent & Ownership

 

Average Market Rent:
$1,181 / per month

Homeownership Rate

Homeownership
Owners 68.47
Renters 31.53
Vacant 4.44

Housing Market Details

 

Age of Homes

AGE OF West Fargo HOMES
2000 or Newer 44.0
1970 - 1999 43.3
1940 - 1969 11.1
1939 or Older 1.6

Types of Homes

TYPE OF West Fargo HOMES
Single-Family 50.1
Townhomes 16.7
Small Apt. Buildings 3.7
Apt. Complexes 24.8
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF West Fargo HOMES
No Bedroom 0.00
1 Bedroom 9.42
2 Bedrooms 25.67
3 Bedrooms 33.30
4 Bedrooms 23.29
5 or more bedrooms 8.31

West Fargo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
83.00% 3.62% 2 9
* 10 is highest

Popular Neighborhoods in West Fargo

Zip Codes in West Fargo, ND