The housing market in East Grand Forks, MN is strong. The median house value in East Grand Forks is $254,000 compared to the US median of $338,100. Also, the 1-year house appreciation in East Grand Forks was 9.54% which was higher than the US median of 8.27%. This indicates that housing prices are increasing at a faster rate in East Grand Forks than in other parts of the country. Overall, this makes for a strong housing market with good investment opportunities for potential homeowners and real estate investors looking to buy or sell properties in East Grand Forks.
The median home cost in East Grand Forks is $254,000. Home appreciation the last 10 years has been 74.6%. Home Appreciation in East Grand Forks is up 14.7%.
Average Age of Homes
- The median age of East Grand Forks real estate is 39 years old
The Rental Market in East Grand Forks
- Renters make up 35.8% of the East Grand Forks population
- 3.0% of houses and apartments in East Grand Forks, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.