ZIP Code Market Report · Updated May 2026
Is 58101 a Buyer's
or Seller's Market?
📍 Fargo, North Dakota · ND
70
🟡 WARM
Balanced market
22 days avg on market · Tax rate: 0.97%/yr
Mortgage Breakdown — 58101
Median Price$280,000
20% Down$56,000
Loan Amount$224,000
Rate (~6.7%)$1,445/mo P&I
Property Tax$226/mo
Total PITI$1,787/mo
Income Needed$59,566/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
15.8%
of FHA applications denied in Fargo, ND-MN, 2025 · national 22.1%
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
Get the Dispatch →