Rent to own Homes in Fargo, ND
Fargo, the largest city in North Dakota, has a diverse ethnic and cultural population. Its interesting history and Scandinavian heritage is quite clear, but Native Americans, Latinos and African Americans have also had their own influence on the local area. A cultural, industrial, educational, and retail center, Fargo is home to North Dakota State University, the Red River Zoo, the Fargo Air Museum, and the Fargodome, among many other local cultural and sporting attractions,
Fargo, ND is a great place for affordable rent-to-own homes! With a median household income of over $57,520 and a median rent of $821, the Fargo, ND rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Fargo, ND. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Fargo, ND
Neighborhoods in Fargo, ND
Amber Valley rent to own homes Anderson Park rent to own homes Bennett rent to own homes Bluemont Lakes rent to own homes Brunsdale rent to own homes Carl Ben rent to own homes Centennial rent to own homes Clara Barton rent to own homes Downtown rent to own homes Edgewood rent to own homesBuying a Home in Fargo, ND
Fargo, ND is seeing rapid growth and Fargo, ND's' housing market remains not optimal with an average home price that is 4% above the 2024 national average. Fargo, ND is part of Cass county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Cass is 1.87% which is above the national average, which is 0.99%.
Median Home Price in Fargo, ND
Median Rent in Fargo, ND
Top Reasons to Live in Fargo ND
Housing Statistics Despite being the biggest city in the state, Fargo's population is actually relatively small at about 110,000. Household income is roughly $45,000, while per capita rates are more like $30,000 per year. The average listing prices for home sales also take this middle ground at roughly $240,000. The estimated average house or condo value is $150,900. The median rent is $656. If you're looking to move to the area, you'll find that homes for sale, rent to own properties, and rental properties are all around about the average for the nation.
Outdoor Activities Throughout the year you'll find that there are plenty of outdoor activities to enjoy in Fargo, and with nearly 200 days a year of sunshine, you'll certainly have the opportunity to enjoy the great outdoors without fear of getting soaked. During the summer, average temperatures reach 82 degrees, which make it great weather for enjoying the 6 swimming pools in town. There are plenty of walking and biking trails to follow across dozens of parks, while for keen golfers there are 3 private and 13 public courses in the area. The Fargo Park District offers 90 miles of trail for bikers, walkers, runners, and even in-line skaters. Just 50 or so miles from the city you'll also have access to the 10,000 Lakes of Minnesota, and even when the winter sets in and the ground turns a snowy white, other activities like sledging and skiing take center stage. So, whatever the time of year, nothing stops the residents of Fargo from getting out and about and enjoying the great outdoors.
Nightlife The nightlife in Fargo isn't like New York, but it will certainly do for a city with a population of only 100,000 or so. The most exciting place to visit is most certainly The Hub, an entertainment mecca comprising a range of style to suit all tastes. Move from the House of Rock to Cadillac Ranch, and from Vibe to Forbidden to create a night out that is as memorable as it is diverse. If it's a classic pub that you're looking for, Borrowed Bucks Roadhouse might be right up your street, while the HoDo Lounge makes for something of a more sophisticated night full of delicious wines and hand-picked scotches.
Neighborhood Guide There's a good range of real estate options available of those moving to Fargo, from rustic designs to more contemporary loft apartments, all across a variety of different neighborhoods. Here are some of the highlights: