The story of this market
The typical home in ZIP 58202 sells for about $300,000, or $165 per square foot.
Prices are up +7.6% 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 $1,346 a month.
ZIP 58202 — Grand Forks
The Grand Forks housing market shows resilience with a median sale price of $300,000 and a competitive environment characterized by low days on market. Demand remains steady, supported by the stable employment base of the university and healthcare sectors. While inventory is tight, the market is balanced by consistent, albeit moderate, price growth.
This ZIP is ideal for university students, faculty, and young professionals seeking proximity to the city's core amenities. It is less suited for families looking for large suburban lots due to the high density and urban character of the area.
Median prices moved up 7.6% year over year.
Homes spend a median of 7 days on market with 2.1 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 10.1% · poverty 83.2% — elevated distress and economic pressure.
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 5.5%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58202, Grand Forks County ND
Grand Forks generally experiences crime rates consistent with regional mid-sized university cities, with property crime being the primary concern. Local law enforcement maintains active community engagement programs to address safety trends.
The area is served by the Grand Forks Public School District, which is generally regarded as providing stable educational outcomes for the community. Schools in the vicinity are well-integrated with the local university presence.
The region is primarily concerned with flood risks associated with the Red River, necessitating strict adherence to local floodplain management and insurance requirements. Winter weather severity is a significant factor in property maintenance and insurance considerations.
Economic momentum is anchored by the University of North Dakota and the Grand Forks Air Force Base, which drive consistent demand for housing and services. Infrastructure development remains focused on flood mitigation and regional connectivity.
Property taxes are assessed at the county level based on true and full value, with specific mill rates determined by local taxing districts including schools and city government. North Dakota offers a homestead credit for qualifying seniors and individuals with disabilities.
The ZIP code is centrally located within Grand Forks, allowing for short commute times to the downtown employment core and the university campus. Most residents rely on personal vehicles, though the area is relatively compact.
Residents have access to numerous city parks, the Greenway trail system along the Red River, and various local golf courses. Shopping and dining options are concentrated in the nearby commercial corridors.
The rental market is heavily influenced by the student population, resulting in consistent demand and relatively low vacancy rates. Short-term rental activity is present but secondary to long-term student and workforce housing.
The economy is driven by higher education, healthcare, and the military, providing a stable employment base. The presence of the University of North Dakota and the Grand Forks Air Force Base are the primary economic anchors.
The city is served by a network of major highways including I-29 and US-2, facilitating regional transit. Local public transit is provided by Cities Area Transit.
Development is focused on infill projects within the city core and expansion of residential areas on the city's periphery. Flood protection infrastructure remains a priority for all new developments.
The Grand Forks County Assessor's office manages property valuations, conducting periodic reassessments to ensure tax equity across the county.
Parcels are subject to school district taxes, city levies, and county-wide assessments for services like emergency management and public health.
Property insurance premiums are influenced by the area's flood risk profile and the necessity for comprehensive coverage against severe winter weather events.
Data retrieved from US Census Bureau ZCTA-level tables.
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 Seas4.34.6 mi
- Northern Air Action Park4.57 mi
- Ralph Engelstad Arena4.84.8 mi
- Alerus Center4.14.6 mi
- Northern Air Action Park4.57 mi
- River Cities Speedway4.75.1 mi
- River Cinema 154.66.8 mi
- Lincoln Drive Park4.77.5 mi
- Sertoma Park4.65.2 mi
- Splashers of the South Seas4.34.6 mi
- Northern Air Action Park4.57 mi
- North Dakota Museum of Art4.65 mi
- Red River State Recreation Area4.56.7 mi
- Lincoln Drive Park4.77.5 mi
- Sertoma Park4.65.2 mi
- Sherlock Park4.76.7 mi
- Bringewatt Park4.56.5 mi
- King's Walk Golf Course4.37.6 mi
- Ross Dress for Less4.16.1 mi
- Columbia Mall3.76.1 mi
- T.J. Maxx4.26.2 mi
- Hugo's Family Marketplace4.26.9 mi
- Runnings4.45.5 mi
- Grand Forks International Airport4.40.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional employer and cultural hub.
Extensive trail system along the Red River.
Premier venue for hockey and large events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.