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Grand Forks, ND—58203

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$228,000
7.8% YoY Growth
Household Income
$57,900
32.6% YoY Growth
Days on Market
72
21.0% Longer YoY
Home Price Forecast
0.9%
Median Rent
$960
10.9% YoY Growth
1-Bed Rent
$725
22.0% YoY Growth
2-Bed Rent
$970
21.8% YoY Growth
3-Bed Rent
$1,500
25.4% YoY Growth

Other Zip Codes in Grand Forks, ND

58201
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Grand Forks, ND

As of Dec '25, the median home price in Grand Forks, ND is $228,000, with a year-over-year change of 7.8%. This indicates that home prices in Grand Forks, ND are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$228,0007.8%
Single Family $229,0008.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $131,000
    5.6%
    2 Bed
    		$178,0009.9%
    3 Bed
    		$217,0008.0%
    4 Bed
    		$258,0006.6%
    5 Bed $277,4416.2%
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    % of Housing Stock

    Studio
    3.0%
    1 Bedroom
    15.5%
    2 Bedrooms
    32.6%
    3 Bedrooms
    32.0%
    4 Bedrooms
    10.8%
    5+ Bedrooms
    6.2%

    Rental Trends — Grand Forks, ND

    As of July '25, Rentcast reports the average rent in Grand Forks, ND is $1,120, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Grand Forks, ND is studios: $630, 1-bedrooms: $777, 2-bedrooms: $1,090, 3-bedrooms: $1,580, 4-bedrooms: $1,840. The most common rental property sizes in Grand Forks, ND are 2-bedroom and 1-bedroom, accounting for 34.9% and 24.4% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$960$1,120
    Studio Rent $630$630
    1 Bed Rent $725$777
    2 Bed Rent $970$1,090
    3 Bed Rent $1,500$1,580
    4 Bed Rent $1,600$1,840
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    % of Rental Stock

    Studio
    5.7%
    1 Bedroom
    24.4%
    2 Bedrooms
    34.9%
    3 Bedrooms
    24.0%
    4 Bedrooms
    6.3%
    5+ Bedrooms
    4.8%

    Property Listings — Grand Forks, ND

    As of Dec '25, Realtor.com reports that the median days on market for a home in Grand Forks, ND is 53. This is a decrease of -13.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$250,00012.0%
    Listing Count
    		2529.0%
    Listings as % of Homes0.3%29.0%
    Days on Market
    		7221.0%
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    Demographics — Grand Forks, ND

    As of the latest ACS Survey released in 2023, Grand Forks, ND has a population of 16,300, which has decreased by -4.6% over the past 5 years. Grand Forks, ND is a moderately popular place for families, as children make up 18.8% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		16,300-4.6%
    % Under 18
    		18.8%11.2%
    % Seniors
    		10.2%41.7%
    % WFH
    		7.0%112.1%
    % w/ College Degree
    		35.9%22.9%
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    As of the latest ACS Survey released in 2023, Grand Forks, ND is a predominantly white area, with 78.5% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Grand Forks, ND is hispanic, making up 6.0% of the population. Foreign-born residents account for 9.7% of the population in Grand Forks, ND, and this percentage has increased by 34.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		78.5%1.7%
    % Black
    		3.6%-16.3%
    % Hispanic
    		6.0%5.3%
    % Asian
    		5.6%27.3%
    % Foreign Born
    		9.7%34.7%
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    Mortgage and Risk — Grand Forks, ND

    According to HUD data as of 2023, there were 188 mortgage originations in Grand Forks, ND, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Grand Forks, ND. Investor activity is low, as 11.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		188
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		11.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		4.0%
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    Rentals and Section 8 — Grand Forks, ND

    As of 2024, the percent of homes in Grand Forks, ND under the Section 8 program is 14.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-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 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		632
    Total Units Section 8
    		614
    % Rentals under Section 8
    		14.6%
    % Occupied Section 8
    		80.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$15$725$740
    2 Bedroom-$40$970$930
    3 Bedroom-$190$1,500$1,310
    4 Bedroom-$20$1,600$1,580

    Affordability — Grand Forks, ND

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.4
    Median Home Price$228,000
    Median Household Income$57,900

    Grand Forks, ND — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Calspur

    58202

    Grand Forks, ND

    58201

    Manvel, ND

    58256

    Mekinock, ND

    58258

    Thompson, ND

    58278

    Frequently Asked Questions