The story of this market
The typical home in Grand Forks County, North Dakota sells for about $288,333, or $158 per square foot.
Prices are up +7.6% from a year ago, so sellers still have some momentum. Homes take about 89 days to sell, which is slow. Over the long run, values in this county have grown 141% since 2000. Last year 13 of 18 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is winter weather, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+2.3%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+9%). Worst: 2009 (-0.6%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.6%
ND · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,404
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+2.3%
2025 change
FHFA repeat-sales index, median of 18 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
30
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $24,977,441.
Mortgage activity
Home lending in this county
88.3%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 2212 | 1521 | 88.3% | 6.7% | $215,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Grand Forks County, North Dakota
The Grand Forks County housing market is characterized by steady demand and limited inventory, leading to moderate price appreciation. While the market remains competitive, the pace of sales has stabilized compared to previous periods, reflecting a balance between buyer interest and available supply.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 4 cities · 11 ZIP reports
Median prices moved up 4.0% year over year.
Homes spend a median of 8 days on market with 1.2 months of supply — a fast-moving market.
10% of listings have cut prices · homes sell at 49.06% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 11.5% — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 9 researched ZIP reports of 11 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Sep 15, 2026.
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Oct 6
researched Sep 27
researched Sep 27
researched Oct 9
| 58201 | Grand Forks | $303,500 | $168 | +15.6% | 7 | 99.1% | 23.8% | 1.4 | 117 | $987 | researched Sep 27 |
| 58202 | Grand Forks | $300,000 | $165 | +7.6% | 7 | 99.1% | 23.8% | 2.1 | 117 | $1,346 | researched Sep 27 |
| 58203 | Grand Forks | $248,140 | $135 | +8% | 8 | 98.5% | 15% | 2.5 | 120 | $950 | researched Sep 27 |
| 58208 | Grand Forks | $295,000 | $165 | +7.6% | 47 | 98.5% | 12% | 3.8 | 310 | $1,200 | researched Sep 27 |
| 58218 | Buxton | $145,000 | $98 | +2.4% | 72 | 97.5% | 12% | 4.6 | 14 | $684 | researched Sep 27 |
| 58228 | Emerado | $165,000 | $112 | +2.1% | 84 | 97.2% | 12.5% | 6.2 | 18 | $737 | researched Sep 27 |
| 58235 | Gilby | $81,042 | — | — | — | — | — | — | — | $1,014 | researched Oct 6 |
| 58243 | Kempton | $185,000 | $115 | +3.2% | 62 | 97.5% | 12% | 4.8 | 14 | $930 | researched Sep 27 |
| 58265 | Neche | $230,000 | $177 | -11.7% | 17 | 102.3% | 16.6% | 6 | 12 | $850 | researched Sep 27 |
| 58267 | Northwood | — | $112 | +2.1% | 84 | 96.5% | 8.3% | 6 | 12 | $850 | researched Oct 9 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Grand Forks County experiences crime rates generally consistent with regional averages for North Dakota, with property crime being the most frequently reported category.
The county is served by several school districts, including Grand Forks Public Schools, which are generally characterized as providing stable educational outcomes for the region.
The county is located in the Red River Valley, which is historically prone to significant spring flooding, necessitating robust flood management infrastructure and specific insurance considerations.
Economic momentum is driven by the presence of the University of North Dakota, Grand Forks Air Force Base, and a growing regional agricultural and technology sector.
Property taxes are assessed by the county based on true and full value, with mill rates determined by local taxing jurisdictions including school districts and city councils.
The rental market has seen significant upward pressure on pricing due to high demand and limited housing supply.
The economy is anchored by the University of North Dakota, Grand Forks Air Force Base, and a robust agricultural sector in the Red River Valley.
The county is served by major highway corridors including I-29 and US-2, facilitating regional connectivity.
The county assessor manages property valuations based on annual market analysis and state-mandated assessment guidelines.
Parcels are subject to various special districts including school, fire, and water resource districts.
Property insurance premiums are influenced by the region's historical flood risk and severe weather patterns.
- Splashers of the South Seas4.313.9 mi
- Northern Air Action Park4.516.3 mi
- Ralph Engelstad Arena4.814.3 mi
- Alerus Center4.114 mi
- Northern Air Action Park4.516.3 mi
- River Cities Speedway4.714.5 mi
- Turtle River State Park4.77.6 mi
- River Cinema 154.616.2 mi
- Lincoln Drive Park4.717 mi
- Sertoma Park4.614.6 mi
- Splashers of the South Seas4.313.9 mi
- North Dakota Museum of Art4.614.5 mi
- Turtle River State Park4.77.6 mi
- Red River State Recreation Area4.516.1 mi
- Lincoln Drive Park4.717 mi
- Sertoma Park4.614.6 mi
- Sherlock Park4.716.1 mi
- King's Walk Golf Course4.316.6 mi
- Ross Dress for Less4.115.4 mi
- Columbia Mall3.715.4 mi
- T.J. Maxx4.215.3 mi
- Hugo's Family Marketplace4.216.2 mi
- Runnings4.414.9 mi
- Grand Forks International Airport4.49.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Major regional university and research institution.
Central geographic feature providing recreational opportunities and flood management challenges.
Data retrieved from Census Reporter and ACS 5-year estimates.
Allows for non-judicial foreclosure of real property mortgages through advertisement, subject to statutory notice and redemption requirements.
N.D.C.C. Chapter 35-22
applies when — Qualified individuals including seniors and individuals with permanent disabilities meeting specific income and asset thresholds
Provides a reduction in property tax liability based on income brackets, effectively lowering the tax burden for eligible homeowners.
N.D.C.C. Chapter 57-02
Tax is calculated by multiplying the taxable value by the total millage rate. Taxable value is 4.5% of the true and full (market) value. Formula: (Market Value * 0.50 * 0.09) * (Mills / 1000) or more simply (Market Value * 0.045) * (Mills / 1000).
N.D.C.C. Chapters 57-02 through 57-35
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.