West Fargo, ND 58078 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

West Fargo, ND—58078

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$348,000

2.5% YoY Growth

Household Income

$97,200

19.1% YoY Growth

Days on Market

33.0% Shorter YoY

Home Price Forecast

0.3%

Median Rent

$1,900

5.6% YoY Growth

1-Bed Rent

$715

33.3% YoY Growth

2-Bed Rent

$925

7.6% YoY Growth

3-Bed Rent

$1,900

2.7% YoY Growth

Home Price Trends — West Fargo, ND

As of Nov '25, the median home price in West Fargo, ND is $348,000, with a year-over-year change of 2.5%. This indicates that home prices in West Fargo, ND are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$348,000	2.5%
Single Family	$350,000	2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — West Fargo, ND

As of July '25, Rentcast reports the average rent in West Fargo, ND is $1,700, with a year-over-year rent change of -5.6%. Per bedroom, the median rent as of July '25 in West Fargo, ND is studios: $876, 1-bedrooms: $828, 2-bedrooms: $1,020, 3-bedrooms: $1,890, 4-bedrooms: $2,740. The most common rental property sizes in West Fargo, ND are 2-bedroom and 3-bedroom, accounting for 41.8% and 26.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,900	$1,700
Studio Rent	$850	$876
1 Bed Rent	$715	$828
2 Bed Rent	$925	$1,020
3 Bed Rent	$1,900	$1,890
4 Bed Rent	$2,700	$2,740

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% of Rental Stock

Studio

8.0%

1 Bedroom

19.9%

2 Bedrooms

41.8%

3 Bedrooms

26.7%

4 Bedrooms

2.6%

5+ Bedrooms

1.1%

Property Listings — West Fargo, ND

As of Nov '25, Realtor.com reports that the median days on market for a home in West Fargo, ND is 39. This is a decrease of -33.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$391,000	-1.0%
Listing Count	217	16.0%
Listings as % of Homes	0.8%	16.0%
Days on Market	39	-33.0%

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Demographics — West Fargo, ND

As of the latest ACS Survey released in 2023, West Fargo, ND has a population of 39,900, which has increased by 14.2% over the past 5 years. West Fargo, ND is a popular place for families, as children make up 27.1% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	39,900	14.2%
% Under 18	27.1%	-1.8%
% Seniors	11.1%	29.1%
% WFH	9.8%	172.2%
% w/ College Degree	45.4%	8.1%

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As of the latest ACS Survey released in 2023, West Fargo, ND is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in West Fargo, ND is black, making up 3.6% of the population. Foreign-born residents account for 4.6% of the population in West Fargo, ND, and this percentage has decreased by 6.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	85.7%	-4.4%
% Black	3.6%	-10.0%
% Hispanic	2.6%	30.0%
% Asian	2.1%	5.0%
% Foreign Born	4.6%	-6.1%

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Mortgage and Risk — West Fargo, ND

According to HUD data as of 2023, there were 882 mortgage originations in West Fargo, ND, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in West Fargo, ND. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	882
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — West Fargo, ND

As of 2024, the percent of homes in West Fargo, ND under the Section 8 program is 6.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in West Fargo, ND, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	396
Total Units Section 8	338
% Rentals under Section 8	6.2%
% Occupied Section 8	81.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$215	$715	$930
2 Bedroom	$205	$925	$1,130
3 Bedroom	-$320	$1,900	$1,580
4 Bedroom	-$800	$2,700	$1,900

West Fargo, ND—58078

Key Metrics at a Glance

Home Price Trends — West Fargo, ND

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — West Fargo, ND

% of Rental Stock

Property Listings — West Fargo, ND

Demographics — West Fargo, ND

Race and Ethnicity

Mortgage and Risk — West Fargo, ND

Mortgages

Rentals and Section 8 — West Fargo, ND

Section 8 Market Size

Section 8 Opportunity

Affordability — West Fargo, ND

Home Price to Income Ratio

West Fargo, ND — ZIP Code Boundary Map

Nearby ZIP Codes

Fargo, ND

Harwood, ND

Fargo, ND

Fargo, ND

Fargo

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$348,000
Median Household Income	$97,200

West Fargo, ND—58078

Key Metrics at a Glance

Home Price Trends — West Fargo, ND

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — West Fargo, ND

% of Rental Stock

Property Listings — West Fargo, ND

Demographics — West Fargo, ND

Race and Ethnicity

Mortgage and Risk — West Fargo, ND

Mortgages

Rentals and Section 8 — West Fargo, ND

Section 8 Market Size

Section 8 Opportunity

Affordability — West Fargo, ND

Home Price to Income Ratio

West Fargo, ND — ZIP Code Boundary Map

Nearby ZIP Codes

Fargo, ND

Harwood, ND

Fargo, ND

Fargo, ND

Fargo

Frequently Asked Questions

What is the average home price in West Fargo, ND 58078?

How have home prices in West Fargo, ND 58078 changed over the past year?

What is the home price projection for West Fargo, ND 58078?

What are the demographics of West Fargo, ND 58078?

How long does it take homes to sell in West Fargo, ND 58078?

What is the average rent price in West Fargo, ND 58078?