East Grand Forks, MN—56721
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Grand Forks, MN
As of Oct '25, the median home price in East Grand Forks, MN is $279,000, with a year-over-year change of 5.1%. This indicates that home prices in East Grand Forks, MN are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 5.1% |
| Single Family | $279,000 | 5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 7.5% |
3 Bed | $257,000 | 5.8% |
4 Bed | $309,000 | 5.1% |
| 5 Bed | $375,000 | 3.9% |
% of Housing Stock
Rental Trends — East Grand Forks, MN
As of July '25, Rentcast reports the average rent in East Grand Forks, MN is $865, with a year-over-year rent change of 21.0%. Per bedroom, the median rent as of July '25 in East Grand Forks, MN is studios: $525, 1-bedrooms: $640, 2-bedrooms: $1,100, 3-bedrooms: $1,400. The most common rental property sizes in East Grand Forks, MN are 2-bedroom and 1-bedroom, accounting for 47.3% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $865 |
| Studio Rent | $525 | $525 |
| 1 Bed Rent | $635 | $640 |
| 2 Bed Rent | $1,250 | $1,100 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — East Grand Forks, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in East Grand Forks, MN is 64. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $266,000 | -8.0% |
Listing Count | 22 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 64 | -8.0% |
Demographics — East Grand Forks, MN
As of the latest ACS Survey released in 2023, East Grand Forks, MN has a population of 10,800, which has increased by 6.0% over the past 5 years. East Grand Forks, MN is a popular place for families, as children make up 28.4% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 6.0% |
% Under 18 | 28.4% | 11.4% |
% Seniors | 13.7% | -0.7% |
% WFH | 5.7% | 39.0% |
% w/ College Degree | 28.5% | 0.7% |
As of the latest ACS Survey released in 2023, East Grand Forks, MN is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in East Grand Forks, MN is hispanic, making up 6.8% of the population. Foreign-born residents account for 2.9% of the population in East Grand Forks, MN, and this percentage has increased by 16.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.7% | -5.1% |
% Black | 4.0% | 25.0% |
% Hispanic | 6.8% | 6.2% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 2.9% | 16.0% |
Mortgage and Risk — East Grand Forks, MN
According to HUD data as of 2023, there were 195 mortgage originations in East Grand Forks, MN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in East Grand Forks, MN. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 195 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 5.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — East Grand Forks, MN
East Grand Forks, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 538 |
Total Units Section 8 | 538 |
% Rentals under Section 8 | 46.8% |
% Occupied Section 8 | 85.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $635 | $740 |
| 2 Bedroom | -$320 | $1,250 | $930 |
| 3 Bedroom | -$90 | $1,400 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — East Grand Forks, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $279,000 |
| Median Household Income | $83,600 |