Fargo, ND-MN
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1986 Q3 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · this area is fargo on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +4.2%
nominal +4.2%
Five years
Five years real +17.2%
nominal +35.6%
Ten years
Ten years real +21.6%
nominal +58.9%
Twenty-five years
Twenty-five years real +63.1%
nominal +188.9%
Since 2000
Since 2000 real +74.6%
nominal +218.0%
2007 to 2012
crash, real −7.3%
2007Q4 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 365.4 | 365.4 | real year on year +5.2% |
| 2025 Q4 | 347.3 | 347.3 | real year on year +2.5% |
| 2024 Q4 | 339.0 | 339.0 | real year on year +1.2% |
| 2023 Q4 | 325.4 | 335.0 | real year on year −0.8% |
| 2022 Q4 | 315.1 | 337.7 | real year on year +2.6% |
| 2021 Q4 | 284.4 | 329.3 | real year on year +5.2% |
| 2020 Q4 | 258.2 | 312.9 | real year on year +1.7% |
| 2019 Q4 | 250.8 | 307.8 | real year on year +0.8% |
| 2018 Q4 | 244.5 | 305.4 | real year on year −0.1% |
| 2017 Q4 | 239.0 | 305.8 | real year on year −0.4% |
| 2016 Q4 | 235.0 | 307.1 | real year on year +3.8% |
| 2015 Q4 | 223.6 | 295.9 | real year on year +6.5% |
| 2014 Q4 | 209.7 | 277.9 | real year on year +5.5% |
| 2013 Q4 | 195.5 | 263.3 | real year on year +5.4% |
| 2012 Q4 | 182.8 | 249.7 | real year on year +0.4% |
| 2011 Q4 | 178.3 | 248.7 | real year on year −3.8% |
| 2010 Q4 | 179.6 | 258.4 | real year on year +0.8% |
| 2009 Q4 | 175.2 | 256.2 | real year on year +0.1% |
| 2008 Q4 | 175.8 | 256.1 | real year on year −2.8% |
| 2007 Q4 | 174.2 | 263.5 | real year on year −1.5% |
| 2006 Q4 | 172.0 | 267.6 | real year on year −0.2% |
| 2005 Q4 | 167.0 | 268.2 | real year on year +2.3% |
| 2004 Q4 | 157.9 | 262.3 | real year on year +5.1% |
| 2003 Q4 | 146.3 | 249.5 | real year on year +4.5% |
| 2002 Q4 | 137.0 | 238.8 | real year on year +4.8% |
| 2001 Q4 | 128.6 | 227.8 | real year on year +3.0% |
| 2000 Q4 | 121.5 | 221.3 | real year on year +0.4% |
| 1999 Q4 | 117.0 | 220.4 | real year on year −0.9% |
| 1998 Q4 | 115.6 | 222.4 | real year on year +3.8% |
| 1997 Q4 | 109.7 | 214.3 | real year on year +2.0% |
| 1996 Q4 | 105.1 | 210.2 | real year on year −0.3% |
| 1995 Q4 | 102.4 | 210.9 | real year on year +1.7% |
| 1994 Q4 | 98.0 | 207.4 | real year on year +0.2% |
| 1993 Q4 | 95.3 | 207.0 | real year on year +0.7% |
| 1992 Q4 | 91.9 | 205.4 | real year on year +1.3% |
| 1991 Q4 | 88.0 | 202.8 | real year on year −1.1% |
| 1990 Q4 | 85.4 | 205.0 | real year on year −6.2% |
| 1989 Q4 | 86.4 | 218.7 | real year on year −1.4% |
| 1988 Q4 | 83.6 | 221.7 | real year on year −6.1% |
| 1987 Q4 | 85.5 | 236.0 | real year on year −2.9% |
| 1986 Q4 | 84.9 | 243.0 | — |
2026 Q2365 · real 365real year on year +5.2%
2025 Q4347 · real 347real year on year +2.5%
2024 Q4339 · real 339real year on year +1.2%
2023 Q4325 · real 335real year on year −0.8%
2022 Q4315 · real 338real year on year +2.6%
2021 Q4284 · real 329real year on year +5.2%
2020 Q4258 · real 313real year on year +1.7%
2019 Q4251 · real 308real year on year +0.8%
2018 Q4244 · real 305real year on year −0.1%
2017 Q4239 · real 306real year on year −0.4%
2016 Q4235 · real 307real year on year +3.8%
2015 Q4224 · real 296real year on year +6.5%
Show all 41 years
2014 Q4210 · real 278real year on year +5.5%
2013 Q4196 · real 263real year on year +5.4%
2012 Q4183 · real 250real year on year +0.4%
2011 Q4178 · real 249real year on year −3.8%
2010 Q4180 · real 258real year on year +0.8%
2009 Q4175 · real 256real year on year +0.1%
2008 Q4176 · real 256real year on year −2.8%
2007 Q4174 · real 264real year on year −1.5%
2006 Q4172 · real 268real year on year −0.2%
2005 Q4167 · real 268real year on year +2.3%
2004 Q4158 · real 262real year on year +5.1%
2003 Q4146 · real 250real year on year +4.5%
2002 Q4137 · real 239real year on year +4.8%
2001 Q4129 · real 228real year on year +3.0%
2000 Q4121 · real 221real year on year +0.4%
1999 Q4117 · real 220real year on year −0.9%
1998 Q4116 · real 222real year on year +3.8%
1997 Q4110 · real 214real year on year +2.0%
1996 Q4105 · real 210real year on year −0.3%
1995 Q4102 · real 211real year on year +1.7%
1994 Q498 · real 207real year on year +0.2%
1993 Q495 · real 207real year on year +0.7%
1992 Q492 · real 205real year on year +1.3%
1991 Q488 · real 203real year on year −1.1%
1990 Q485 · real 205real year on year −6.2%
1989 Q486 · real 219real year on year −1.4%
1988 Q484 · real 222real year on year −6.1%
1987 Q485 · real 236real year on year −2.9%
1986 Q485 · real 243—
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 22020. Real terms by the World Bank's US consumer price index, annual.