Rent to own Homes in West Fargo, ND
West Fargo is not only one of the most beautiful cities in North Dakota, it was also recently ranked one of the top 10 safest communities in the state. The city has an estimated population of 30,000, and is one of the fastest growing communities in North Dakota, with a growth rate of over 70 percent between 2000 and 2010. The community has a diverse array of housing options, beautiful green space, and affordable properties.
West Fargo, ND is a great place for affordable rent-to-own homes! With a median household income of over $87,674 and a median rent of $957, the West 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 West 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 West Fargo, ND
Neighborhoods in West Fargo, ND
Sommerset rent to own homes Westwood rent to own homes West Side rent to own homes Main Avenue rent to own homes Francis rent to own homes Brookwood rent to own homes Meyer rent to own homes West Fargo rent to own homes Meadow Ridge rent to own homes Southdale rent to own homesPopular Zip Codes in West Fargo, ND
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West Fargo, ND is seeing rapid growth and West Fargo, ND's' housing market remains not optimal with an average home price that is 11% above the 2024 national average. West 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 West Fargo, ND
Median Rent in West Fargo, ND
Top 4 Reasons to Live in West Fargo
Plenty of affordable properties! North Dakota homes are less expensive than the national average, and in West Fargo you can find beautiful properties that generally are available for less than $150,000. There are hundreds of homes available for sale, so buyers have their choice of location, size, and pricing. The median home price in West Fargo is about 40 percent below the national average, making it a very affordable market for new home buyers and renters alike. Neighborhoods in West Fargo like Prairie Rose and Relles Acres are particularly attractive for finding rent to own properties. West Fargo is an excellent community to invest in either a new house or a rent to own home.
Parks, public libraries, and museums! West Fargo has beautiful green spaces and a well maintained park district. The West Fargo Public Library has an extensive catalog and hosts regular classes and events for the community. Nearby, the Bonanzaville Pioneer Village and Cass County Museum provide entertaining and educational opportunities to families. West Fargo also has an abundance of local businesses, movie theaters, and other opportunities for nightlife, family entertainment and fun.
High homeownership and occupancy rates! West Fargo has a homeownership rate of over 70 percent, which is well above national and statewide averages. Over 80 percent of homeowners have lived in their homes for more than one year, making West Fargo a very stable community. West Fargo has about 1,800 people per square mile, which means it is a very comfortable area without too much population density. From East Beaton Drive to Main Avenue West, the community is wonderful.
Competitive real estate taxes! Homeownership is easily accessible in Fargo because it has low real estate taxes. Property taxes in North Dakota are generally less than two percent per year, which places this community below the national average for real estate tax rates. West Fargo also has a median home value growth rate that is above the national average, making this an excellent community to invest in, whether you are looking for a home near Arbor Woods Park or something closer to the West Acres Regional Shopping Center.