Mortgage Calculator & Closing Costs: West Fargo, ND
Mortgage payment estimates, closing cost breakdowns, and homebuying data for West Fargo, North Dakota.
Median Home Price
$315K
Population
39K
Avg Monthly Rent
$1,180
Property Tax Rate
0.98% *
* Property tax shown is the North Dakota state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in West Fargo.
West Fargo vs North Dakota Median
The median home price in West Fargo is $315,000, which is 24% above the North Dakota state median of $255,000.
Mortgage Calculator — West Fargo, ND
Pre-filled with West Fargo median home price and North Dakota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $315K home using North Dakota's 0.98% tax rate and $2,100/yr insurance.
5% Down
$2,498/mo
Down: $15,750
Loan: $299K
P&I: $1,891
Tax: $257
Insurance: $175
PMI: $175
10% Down
$2,390/mo
Down: $31,500
Loan: $284K
P&I: $1,792
Tax: $257
Insurance: $175
PMI: $165
20% Down (No PMI)
$2,025/mo
Down: $63,000
Loan: $252K
P&I: $1,593
Tax: $257
Insurance: $175
Income needed (28% rule): $87K/year with 20% down, $102K/year with 10% down.
Rent vs Buy in West Fargo
Rent
$1,180/mo
vs
Buy (10% down)
$2,390/mo
Price-to-rent ratio: 22.2 — At a ratio above 20, renting may be more economical in West Fargo for shorter stays. Buying costs $1,210 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in West Fargo is $315,000, 24% above the North Dakota state median of $255,000. With a population of 38,626, West Fargo is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in North Dakota average 0.98% annually. This moderate property tax rate means a $315,000 home in West Fargo would carry roughly $257/month in property taxes. Homeowners insurance in North Dakota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in West Fargo is $1,180/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
West Fargo presents moderate affordability. The $315K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in West Fargo.