The housing market in Grand Forks, ND is quite strong with a median value of $240,100. This is significantly lower than the national median value of $338,100. However, the 1 year appreciation rate for houses in Grand Forks is 7.60%, just slightly lower than the national rate of 8.27%. This indicates that homes in Grand Forks are still seeing an increase in value over time, and it is an attractive place to buy real estate.
The median home cost in Grand Forks is $240,100. Home appreciation the last 10 years has been 61.5%. Home Appreciation in Grand Forks is up 9.6%.
Average Age of Homes
- The median age of Grand Forks real estate is 40 years old
The Rental Market in Grand Forks
- Renters make up 50.4% of the Grand Forks population
- 3.3% of houses and apartments in 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.