Grand Forks, ND housing market
Typical home value
$305K
▲ 7.6% 1 yr
Typical rent
$1,149/mo
▲ 3.9% 1 yr
Gross rent yield
4.5%
U.S. 6.3%
5-year home value change
+27%
U.S. +20%
Key takeaways
- 1The typical home in Grand Forks is worth $305,083, up 7.6% over the past year and up 27% over five years.
- 2Typical rent is $1,149 a month (+3.9% YoY), a gross rent yield of 4.5% (below the Grand Forks, ND metro's 4.8%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,677/mo, $528 more than typical rent.
- 4Zillow forecasts the Grand Forks, ND metro's home values to change +4.4% over the next 12 months.
Market temperature (Grand Forks, ND metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 51/100, #126 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Grand Forks compares
| Measure | Grand Forks | Grand Forks, ND metro | United States |
|---|---|---|---|
| Typical home value | $305,083 | $283,094 | $366,157 |
| Home value, 1-yr change | +7.6% | +7.3% | +1.2% |
| Typical rent | $1,149 | $1,132 | $1,932 |
| Rent, 1-yr change | +3.9% | +3.8% | +2.7% |
| Gross rent yield | 4.5% | 4.8% | 6.3% |
| Price-to-rent ratio | 22.1 | 20.8 | 15.8 |
| Mortgage P&I, typical home | $1,677 | $1,556 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Grand Forks rental, pre-filled.
Rent vs buy in Grand Forks
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $305K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.