Median Home Price
$326,438.68
Median Rent
$1,160.86/mo
Price-to-Rent Ratio
23.4
Property Tax RateTIE
0.98%
Price Change (1Y)TIE
+3.1%
Price Change (5Y)TIE
+15.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$208,518
Median Home PriceBETTER
$272,771.95
Median RentBETTER
$1,018.42/mo
Price-to-Rent RatioBETTER
22.3
Property Tax RateTIE
0.98%
Price Change (1Y)TIE
+3.2%
Price Change (5Y)TIE
+15.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$170,308
Key Differences
Home Prices
Fargo's median home price of $326,438.68 is higher than Minot's $272,771.95 by 20%.
Monthly Rent
Renting in Fargo costs $1,160.86/mo compared to $1,018.42/mo in Minot—a difference of $142.44/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.