Fargo, ND Real Estate
According to census data in the year 2000 there were 41,277 housing units in Fargo.
This represents a 30.2% growth from 31,711 in 1990.
Of those housing units, 41,224 were located in either urbanized areas or urban clusters, and 53 were located in what is classified as a rural area.
Homeownership rate in Fargo is about 47.1%.
Fargo's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Fargo were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.40% |
| One Bedroom | 16.40% |
| Two Bedrooms | 37.20% |
| Three Bedrooms | 25% |
| Four Bedrooms | 12.80% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $98,700 |
| Median Price asked for vacant units | $90,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $420 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 59.40% |
| Debt Free | 23.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.6% |
