2019 Metro Profile and Member Directory

Page 24

HOUSING Within the cities of Fargo, Moorhead and West Fargo, there are over 50 unique neighborhoods! Wherever you are, you can count on a safe place for your family with easy access to any area amenities.

LIVE

We have a strong housing market with plenty of options, whether you’re looking for a trendy apartment, downtown condo, comfortable family house in an established neighborhood or even a lake place. And, if you’re ready to buy, there are many programs out there to help with your housing needs. Area cities offer tax incentives on new construction that offer significant savings. For more information, please contact your city auditor’s office.

Houses

Average time on market: 66 New listings: 4,732 Average sales price: Active listings:

Total housing units:

100,451 Median house value:

Renter-occupied housing units (% of occupied units):

$176,900

days

43.8%

$235,110

(compared to 36.4% nationally)

5,736

Rental vacancy:

4.8%

*2017 vs. 2018 comparison, courtesy Mike Gillund, Beyond Realty

Apartments: average price

Homeowner vacancy:

2 Bed/2 Bath, approx. 950 square feet,

less than 10 years old: $952/month

1.1%

*Fargo, ND-MN MSA, Source: JobsEQ®, courtesy Greater Fargo Moorhead EDC

Source: C2ER, GFMEDC (2017 Annual Average Data) via Greater Fargo Moorhead EDC

Number of homes on the market

Median Price of Homes

1,165

$269,000

Twin Homes

112

$185,000

Condos/Townhouses

105

$195,000

New Construction and Pre-owned Single Family

Year-to-Date

Source: FM Area Association of Realtors (10/30/2018) via Greater Fargo Moorhead EDC

General sales tax Fargo & West Fargo: Moorhead & Dilworth:

22

7.5% 7.375%

For current property or residential tax calculators and rates, please contact the Cass or Clay County auditor’s office, or the state for personal income tax information.

Chamber Metro Profile and Member Directory


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