West Fargo, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating West Fargo Neighborhoods Since 2000




West Fargo, ND Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

West Fargo Housing Market Information

With a population of 33,597, 11,856 total housing units (homes and apartments), and a median house value of $232,189, West Fargo real estate is some of the most expensive in North Dakota, although West Fargo home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in West Fargo, accounting for 50.43% of the city's housing units. Other types of housing that are prevalent in West Fargo include large apartment complexes or high rise apartments ( 25.14%), row houses and other attached homes ( 16.43%), and a few mobile homes or trailers ( 4.28%).

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 66.75% of West Fargo's homes, and 57.33% 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. 46.49% 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 ( 40.86%), and between 1940-1969 ( 11.17%). There's also some housing in West Fargo built before 1939 ( 1.49%).

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 37.70% over the last ten years, which is an average annual home appreciation rate of 3.25%, 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.

NeighborhoodScout's data show that during the latest twelve months, West Fargo's appreciation rate, at 3.21%, has been at or slightly above the national average. In the latest quarter, West Fargo's appreciation rate has been -0.18%, which annualizes to a rate of -0.70%.

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:
$232,189

West Fargo, ND HOME PRICES

Value Range
> $1,207,000 0.3
$905,001 - $1,207,000 0.3
$604,001 - $905,000 1.9
$483,001 - $604,000 5.7
$362,001 - $483,000 9.3
$241,001 - $362,000 23.3
$121,001 - $241,000 47.2
$60,001 - $121,000 7.1
$0 - $60,000 4.9

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
25.4716981132075 12.3893805309735

Number Of Homes And Apartments:
11,856

West Fargo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
84.77% 3.62% 2 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$945 / per month

Homeownership Rate

Homeownership
Owners 66.75
Renters 33.25
Vacant 3.07

Housing Market Details

 

Age of Homes

AGE OF West Fargo HOMES
2000 or Newer 46.5
1970 - 1999 40.9
1940 - 1969 11.2
1939 or Older 1.5

Types of Homes

TYPE OF West Fargo HOMES
Single-Family 50.4
Townhomes 16.4
Small Apt. Buildings 3.7
Apt. Complexes 25.1
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF West Fargo HOMES
No Bedroom 0.22
1 Bedroom 8.12
2 Bedrooms 25.60
3 Bedrooms 33.11
4 Bedrooms 24.22
5 or more bedrooms 8.73

Popular Neighborhoods in West Fargo

Zip Codes in West Fargo, ND