The story of this market
The typical home in ZIP 58201 sells for about $303,500, or $168 per square foot.
Prices are up +15.6% from a year ago, so sellers still have some momentum. Homes take about 7 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $987 a month.
ZIP 58201 — Grand Forks
The Grand Forks housing market remains competitive with low inventory and a rapid sales pace. Prices have shown consistent year-over-year growth, driven by a stable local economy and limited supply.
This ZIP is well-suited for families, university-affiliated professionals, and commuters seeking a low-cost-of-living environment with short travel times.
Median prices moved up 15.6% year over year.
Homes spend a median of 7 days on market with 1.4 months of supply — a fast-moving market.
24% of listings have cut prices · homes sell at 99.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 13.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58201, Grand Forks County ND
The area is served by the Grand Forks Public School District, which maintains a stable reputation within the region.
The region faces seasonal risks related to extreme cold and potential spring flooding from the Red River, necessitating standard flood insurance coverage.
Economic momentum is anchored by the University of North Dakota and Grand Forks Air Force Base, with steady development in local infrastructure.
Property taxes are assessed at the county level based on true and full value; North Dakota does not impose a state-level individual income tax.
The average commute is approximately 11 minutes, reflecting the compact nature of the city and minimal traffic congestion.
Residents have access to numerous city parks, the Greenway trail system along the Red River, and various local golf courses and shopping centers.
The rental market is characterized by steady demand driven by the university population, with moderate vacancy pressure and stable rent growth.
The economy is driven by higher education, healthcare, and military operations, providing a stable employment base.
The city is served by a network of highways with minimal public transit reliance, supporting short commute times.
Ongoing infrastructure maintenance and localized residential development projects are the primary focus of city planning.
The Grand Forks County assessor manages property valuations based on annual market assessments.
Parcels are subject to standard municipal and county tax levies, with no significant special district overlays reported.
Property insurance premiums are influenced by regional climate risks, including winter storms and flood exposure.
Data retrieved from Census Bureau and Point2Homes demographic profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Splashers of the South Seas4.34 mi
- Northern Air Action Park4.55.1 mi
- Ralph Engelstad Arena4.85.3 mi
- Alerus Center4.13.9 mi
- Northern Air Action Park4.55.1 mi
- River Cities Speedway4.76 mi
- River Cinema 154.67.1 mi
- Lincoln Drive Park4.76.8 mi
- Sertoma Park4.64.5 mi
- Splashers of the South Seas4.34 mi
- Northern Air Action Park4.55.1 mi
- North Dakota Museum of Art4.64.9 mi
- Red River State Recreation Area4.57 mi
- Lincoln Drive Park4.76.8 mi
- Sertoma Park4.64.5 mi
- Sherlock Park4.77.2 mi
- Bringewatt Park4.54.8 mi
- King's Walk Golf Course4.34.5 mi
- Ross Dress for Less4.14.4 mi
- Columbia Mall3.74.2 mi
- T.J. Maxx4.23.7 mi
- Hugo's Family Marketplace4.25 mi
- Runnings4.46.3 mi
- Grand Forks International Airport4.44.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major recreational corridor along the Red River.
Primary economic and cultural anchor for the city.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.