Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$283,094+7.3% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$61,369About 0.9× the local median income ($72,133): affordable for a typical household
Days on market66 daysAbout the same pace as a year ago
Next 12 months+4.4%Zillow expects prices to rise strongly
The typical home in Grand Forks, ND-MN is worth $283,094, up 7.3% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $281,117, so the area is 0.7% overvalued. It is a balanced market, leaning toward sellers: homes take about 66 days to sell, listings are up 10% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 4.4% over the next year. A household needs about $61,369 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,133. Typical rent is $1,132 a month, or $1,611 for a house. In the latest IRS figures, 612 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$283,094
Change in 1 year
+7.3%
Overvalued %
+0.7%
Show 7 more
Fair home value
$281,117
Change in 5 years
+24.9%
Zillow forecast, next 12 months
+4.4%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,534
Income needed to afford it
$61,369
Property tax rate
1.11%
Rent and investing
Typical rent
$1,132
Typical rent for houses
$1,611
Price-to-rent ratio
20.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,014
Gross rental yield
4.80%
Cap rate (estimate)
3.12%
Market activity
Listings vs a year ago
+9.5%
Days on market
66
Listings with a price cut
15.6%
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Homes for sale
253
Pending sales per 100 listings
40
Asking price per sq ft
$167
People and jobs
Median household income
$72,133
Population change (1 year)
+0.7%
Unemployment rate
2.7%
Show 4 more
Population
105,046
Income adjusted for cost of living
$83,198
Net moves in (IRS)
−612
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
6.4
FEMA hazard risk score (0 to 100)
60.4
Flood risk score
64.1
Show 3 more
Wildfire risk score
63.5
Walkability (1 to 20)
11.4
Road, rail and air noise
52 dB
Questions people ask
Is Grand Forks, ND-MN overvalued?
Home prices in Grand Forks, ND-MN are slightly above what local incomes have historically supported: fair value is about $281,117, so the area is 0.7% overvalued.
Is Grand Forks, ND-MN a buyer's or seller's market?
Grand Forks, ND-MN is a balanced market, leaning toward sellers: homes take about 66 days to sell, listings are up 10% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Grand Forks, ND-MN?
Home values in Grand Forks, ND-MN are up 7.3% over the last year. Zillow's forecast for the next 12 months is +4.4%.
How much do you need to earn to buy a home in Grand Forks, ND-MN?
A household needs about $61,369 a year to afford the typical home in Grand Forks, ND-MN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,133.