Fargo, OK
Population 323 · Oklahoma
About Fargo, OK
Fargo is a small community located in Oklahoma with a population of 323 residents according to the latest US Census Bureau American Community Survey data. The median household income is $67,188 per year, which is 11% below the national median of $75,149. The median age of 32.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Fargo features a median home value of $83,000, which is 66% below the national median of $244,900. This makes Fargo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $675, 42% below the national average of $1,163/month. Of the 129 total housing units, 83% are owner-occupied (84 units) and 17% are renter-occupied (17 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fargo shows an unemployment rate of 9.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fargo have an average one-way commute time of 19.1 minutes, one of the shorter commutes in the region.
Education & Demographics
8.4% of Fargo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 15.2% White, 18.9% Hispanic or Latino, 4.6% Black or African American, and 14.2% Asian residents, with 9.9% of the population being foreign-born.
Cost of Living in Fargo, OK
Compared to national averages, Fargo has a median household income of $67,188 (11% below the national median of $75,149). Home values average $83,000, which is 66% below the national median. Monthly rent at $675 is 42% below the US average of $1,163. Within Oklahoma, Fargo's income is 19% above the state average of $56,382, and home values are 31% below the state median of $119,992.
Why Live in Fargo, OK?
Fargo offers affordable housing with a median home value of $83,000, below the US average of $244,900, and rent that’s lower than the national average at $675/month, and a low poverty rate of 8.4%, better than the national average. Additionally, the city features short commute times averaging just 19.1 minutes.
Potential considerations include median household income ($67,188) that falls below the national average. However, Fargo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fargo has a population of 323 with a median age of 32.6 years. Compare Fargo with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Fargo
Cities in Oklahoma with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fargo
What is the population of Fargo, OK?
The population of Fargo, OK is 323 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Fargo?
The median household income in Fargo, OK is $67,188 per year, which is 11% below the national median of $75,149.
What is the median home value in Fargo?
The median home value in Fargo, OK is $83,000, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fargo?
The median monthly rent in Fargo, OK is $675, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Fargo?
The unemployment rate in Fargo, OK is 9.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fargo, OK a good place to live?
Fargo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 323 and a median age of 32.6, the city appeals to young professionals and families.
How educated is Fargo, OK?
8.4% of residents in Fargo aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fargo?
Key cost-of-living indicators for Fargo, OK: median home value is $83,000 (66% below national), median rent is $675/month, and median household income is $67,188. The home-value-to-income ratio is 1.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fargo?
The poverty rate in Fargo, OK is 8.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fargo, OK?
Fargo's population is 15.2% White, 18.9% Hispanic or Latino, 4.6% Black or African American, 14.2% Asian, and 0.0% two or more races. 9.9% of residents are foreign-born.