Zip 56721 (East Grand Forks, MN) Housing

The housing market in 56721 East Grand Forks, MN is thriving. The median value of homes in this area is $249,100, which is significantly lower than the national average of $338,100. Over the past year, home appreciation has grown by 9.54%, higher than the national rate of 8.27%. This means that now may be a great time to invest in real estate in 56721 East Grand Forks, MN as prices are likely to continue to rise.

The median home cost in East Grand Forks (zip 56721) is $249,100. Home appreciation the last 10 years has been 74.6%. Home Appreciation in East Grand Forks (zip 56721) is up 14.7%.

Average Age of Homes

- The median age of East Grand Forks (zip 56721) real estate is 40 years old

The Rental Market in East Grand Forks (zip 56721)

- Renters make up 31.8% of the East Grand Forks (zip 56721) population
- 2.6% of houses and apartments in East Grand Forks (zip 56721), 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	East Grand Forks, Minnesota	United States
	4,491.0	139,647,020.0
	45	42
	$249,100	$338,100
	14.7%	16.6%
	49.9%	57.0%
	74.6%	101.1%
	$12.11	$10.98
	$2,649	$2,690
	64.4%	57.4%
	7.3%	11.2%
	28.4%	31.4%
Vacant Housing
	2.6%	1.9%
	1.1%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	1.1%	2.4%
	0.9%	2.8%
	2.0%	3.9%
	1.7%	4.5%
	9.4%	11.3%
	23.7%	13.0%
	36.7%	20.1%
	14.3%	13.6%
	4.8%	8.3%
	2.6%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.7%	13.6%
	13.7%	13.6%
	13.1%	13.6%
	9.5%	13.2%
	20.6%	14.8%
	13.1%	13.6%
	13.1%	10.0%
	2.5%	4.7%
	9.3%	12.2%

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