Grand Forks Metro Area, ND Housing

The housing market in Grand Forks, ND Metro Area is healthy. The median value for houses in this area is $232,700, which is lower than the US median value of $338,100. Despite the difference in values, Grand Forks has seen a solid appreciation in house values over the last year with an increase of 7.70%, slightly less than the US average of 8.27%. Overall, homes in Grand Forks are more affordable and still retain good value when compared to other parts of the country.

The median home cost in Grand Forks Metro Area is $232,700. Home appreciation the last 10 years has been 65.2%. Home Appreciation in Grand Forks Metro Area is up 11.1%.

Average Age of Homes

- The median age of Grand Forks Metro Area real estate is 42 years old

The Rental Market in Grand Forks Metro Area

- Renters make up 38.3% of the Grand Forks Metro Area population
- 2.9% of houses and apartments in Grand Forks Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Grand Forks, North Dakota	United States
	48,015.0	139,647,020.0
	44	42
	$232,700	$338,100
	11.1%	16.6%
	31.1%	57.0%
	65.2%	101.1%
	$11.35	$10.98
	$2,314	$2,690
	49.7%	57.4%
	10.0%	11.2%
	40.4%	31.4%
Vacant Housing
	2.9%	1.9%
	0.6%	0.4%
	0.5%	0.7%
	0.2%	0.4%
	2.8%	3.6%
	2.9%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	3.1%	2.4%
	2.6%	2.8%
	3.7%	3.9%
	4.1%	4.5%
	12.5%	11.3%
	19.4%	13.0%
	30.9%	20.1%
	11.5%	13.6%
	4.6%	8.3%
	3.6%	9.7%
	0.7%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.6%	0.2%
	10.4%	13.6%
	10.4%	13.6%
	10.3%	13.6%
	11.7%	13.2%
	18.6%	14.8%
	10.3%	13.6%
	8.8%	10.0%
	3.9%	4.7%
	15.7%	12.2%

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