The story of this market
The typical home in ZIP 58203 sells for about $248,140, or $135 per square foot.
Prices are up +8% from a year ago, so sellers still have some momentum. Homes take about 8 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 58203 — Grand Forks
The housing market in 58203 is showing steady growth with a 8.0% year-over-year increase in home values. Low inventory and strong demand from university and healthcare professionals are keeping the market competitive, with homes selling quickly.
This ZIP is well-suited for university-affiliated individuals, families seeking stable neighborhoods, and professionals working in the local healthcare or aerospace sectors. It offers a balance of suburban living with convenient access to city amenities.
Median prices moved up 8.0% year over year.
Homes spend a median of 8 days on market with 2.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.0% · poverty 17.9% — 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 4.0%/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 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58203, Grand Forks County ND
Crime rates in Grand Forks are generally consistent with regional averages for mid-sized Midwestern cities, with property crime being the primary concern. Local law enforcement maintains active community outreach 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 with a variety of specialized programs. Schools in this ZIP code benefit from proximity to the University of North Dakota's educational resources.
The region faces seasonal risks primarily related to extreme winter weather and potential spring flooding from the Red River. Property insurance premiums reflect these environmental factors, particularly for structures located in designated flood plains.
Economic momentum is anchored by the University of North Dakota, the Grand Forks Air Force Base, and a growing cluster of UAS (unmanned aerial systems) and agricultural technology firms. 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 a state-mandated mill levy structure. North Dakota offers a homestead credit for seniors and disabled individuals, and there is no state-level property tax.
Residents enjoy relatively short commute times, with most major employment hubs in Grand Forks accessible within 10-15 minutes by car. Public transit options are limited, making personal vehicle ownership the primary mode of transportation.
The area features numerous neighborhood parks, access to the Red River greenway trails, and proximity to local golf courses. Shopping and dining are concentrated along major corridors like Washington Street and near the university.
The rental market is influenced by the university student population, leading to consistent demand for multi-family units. Vacancy rates remain low, and rent growth has been steady, reflecting the broader regional housing supply constraints.
The economy is driven by higher education, healthcare, and the military, with the University of North Dakota and Altru Health System serving as primary anchors. The region is also a hub for unmanned aerial systems research and development.
The city is served by a network of arterial roads and is connected to the regional highway system via I-29 and US-2. Public transit is provided by Cities Area Transit (CAT), primarily serving the urban core.
Development is focused on infill projects and the expansion of tech-oriented business parks near the university. Flood mitigation infrastructure remains a priority for long-term planning.
The Grand Forks County Assessor's office manages property valuations, utilizing a mass appraisal system to determine true and full value for tax purposes.
Parcels are subject to Grand Forks Public School District levies and various special assessment districts for infrastructure improvements.
Property insurance markets are stable but sensitive to flood and severe weather risks, with premiums generally aligned with national averages for the Upper Midwest.
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Data retrieved from US Census Bureau profile for Grand Forks city and ZCTA 58203.
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 Seas4.33.7 mi
- Northern Air Action Park4.56 mi
- Ralph Engelstad Arena4.83.5 mi
- Alerus Center4.13.8 mi
- Northern Air Action Park4.56 mi
- River Cities Speedway4.73.5 mi
- River Cinema 154.65.2 mi
- Lincoln Drive Park4.76.1 mi
- Sertoma Park4.64.2 mi
- Splashers of the South Seas4.33.7 mi
- Northern Air Action Park4.56 mi
- North Dakota Museum of Art4.63.8 mi
- Red River State Recreation Area4.55.1 mi
- Lincoln Drive Park4.76.1 mi
- Sertoma Park4.64.2 mi
- Sherlock Park4.75.1 mi
- Bringewatt Park4.55.5 mi
- King's Walk Golf Course4.36.9 mi
- Ross Dress for Less4.15.2 mi
- Columbia Mall3.75.3 mi
- T.J. Maxx4.25.5 mi
- Hugo's Family Marketplace4.25.9 mi
- Runnings4.43.9 mi
- Grand Forks International Airport4.42.4 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.