Grand Forks County, North Dakota Housing Market
In Grand Forks County, North Dakota, the median home value is $252,700, with a median monthly rent of $992. This places Grand Forks County at #873 nationally out of 3134 counties by median home value, and #10 within North Dakota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,151
- Establishments: 2,693
- BLS QCEW, 2025
Housing Supply
- Single-family: 115
- Multi-family: 71
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 29,231 (avg $89,037)
- Outflow: 26,855 (avg $92,465)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Grand Forks County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 58278 | 296.3 | +11.24% | 2025 |
| 2 | 58201 | 265.6 | +5.25% | 2025 |
| 3 | 58203 | 279.8 | +3.76% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Grand Forks County Compares
| Metric | Grand Forks County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $252,700 | $175,786 | $227,706 |
| Median Gross Rent | $992 | $772 | $968 |
| Owner Occupancy Rate | 51.8% | 73.6% | 73.3% |
| Price/Rent Ratio | 21.2 | 18.9 | 18.7 |
Market Analysis
The median home value in Grand Forks County is 43.8% above the North Dakota state average and 11.0% above the U.S. national average. The median rent of $992/month is 28.5% above the state average.
With a price-to-rent ratio of 21.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Grand Forks County has an owner-occupancy rate of 51.8%, compared to 73.6% in North Dakota and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Androscoggin County | Maine | $252,800 | $1,010 |
| Greene County | Ohio | $252,200 | $1,135 |
| Campbell County | Kentucky | $252,000 | $1,145 |
| Cannon County | Tennessee | $252,000 | $908 |
| Macon County | North Carolina | $251,900 | $803 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Morton County | $263,900 | $1,076 | 74.2% |
| Ward County | $267,100 | $1,048 | 60.8% |
| Stark County | $271,700 | $960 | 66.8% |
| Mountrail County | $232,700 | $950 | 61.5% |
| Dunn County | $275,000 | $922 | 74.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).