Grand Forks, ND—58201
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Grand Forks, ND
Home Price Trends — Grand Forks, ND
As of Oct '25, the median home price in Grand Forks, ND is $307,000, with a year-over-year change of 5.8%. This indicates that home prices in Grand Forks, ND are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 5.8% |
| Single Family | $317,000 | 5.7% |
| Condos | $143,000 | 5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $150,000 | 4.9% |
2 Bed | $215,000 | 7.5% |
3 Bed | $275,000 | 7.0% |
4 Bed | $353,000 | 4.7% |
| 5 Bed | $491,000 | 4.2% |
% of Housing Stock
Rental Trends — Grand Forks, ND
As of July '25, Rentcast reports the average rent in Grand Forks, ND is $1,150, with a year-over-year rent change of 24.5%. Per bedroom, the median rent as of July '25 in Grand Forks, ND is studios: $768, 1-bedrooms: $778, 2-bedrooms: $1,090, 3-bedrooms: $1,460, 4-bedrooms: $2,570. The most common rental property sizes in Grand Forks, ND are 2-bedroom and 1-bedroom, accounting for 43.1% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,150 |
| Studio Rent | $875 | $768 |
| 1 Bed Rent | $715 | $778 |
| 2 Bed Rent | $975 | $1,090 |
| 3 Bed Rent | $1,400 | $1,460 |
| 4 Bed Rent | $2,300 | $2,570 |
% of Rental Stock
Property Listings — Grand Forks, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Forks, ND is 49. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $471,000 | 12.0% |
Listing Count | 146 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 49 | 7.0% |
Demographics — Grand Forks, ND
As of the latest ACS Survey released in 2023, Grand Forks, ND has a population of 42,000, which has increased by 5.2% over the past 5 years. Grand Forks, ND is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 39.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,000 | 5.2% |
% Under 18 | 21.5% | -0.5% |
% Seniors | 16.0% | 13.5% |
% WFH | 4.7% | 123.8% |
% w/ College Degree | 39.6% | 3.9% |
As of the latest ACS Survey released in 2023, Grand Forks, ND 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 Grand Forks, ND is hispanic, making up 5.0% of the population. Foreign-born residents account for 5.2% of the population in Grand Forks, ND, and this percentage has decreased by 1.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.7% | -5.1% |
% Black | 4.3% | 0.0% |
% Hispanic | 5.0% | 47.1% |
% Asian | 2.0% | -16.7% |
% Foreign Born | 5.2% | -1.9% |
Mortgage and Risk — Grand Forks, ND
According to HUD data as of 2023, there were 686 mortgage originations in Grand Forks, ND, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Grand Forks, ND. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 686 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Grand Forks, ND
As of 2024, the percent of homes in Grand Forks, ND under the Section 8 program is 16.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Grand Forks, ND, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,671 |
Total Units Section 8 | 1,603 |
% Rentals under Section 8 | 16.8% |
% Occupied Section 8 | 81.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $115 | $715 | $830 |
| 2 Bedroom | $65 | $975 | $1,040 |
| 3 Bedroom | $60 | $1,400 | $1,460 |
| 4 Bedroom | -$550 | $2,300 | $1,750 |
Affordability — Grand Forks, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $307,000 |
| Median Household Income | $69,100 |