The story of this market
The typical home in ZIP 58208 sells for about $295,000, or $165 per square foot.
Prices are up +7.6% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 58208 — Grand Forks
The housing market in 58208 is characterized by high demand and limited inventory, leading to sustained price appreciation. Rising rents and a lack of new construction are primary drivers of the current market tightness, creating a challenging environment for prospective buyers.
This area is well-suited for families and university-affiliated professionals seeking a stable, mid-sized community with access to robust public services and educational institutions.
Median prices moved up 7.6% year over year.
Homes spend a median of 47 days on market with 3.8 months of supply — a fast-moving market.
12% 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 3.2% · poverty 11.5% — 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 5.7%/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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 58208, Grand Forks County, ND
Crime trends in Grand Forks are generally stable, with the area maintaining lower violent crime rates compared to national averages for similar-sized cities.
The Grand Forks Public School District serves the area, generally receiving moderate to high ratings for academic performance and student support services.
The region faces periodic flood risks associated with the Red River, necessitating strict adherence to local floodplain management and insurance requirements.
Economic momentum is driven by the University of North Dakota and the Grand Forks Air Force Base, with ongoing infrastructure investments supporting regional stability.
Property taxes are assessed at the county level based on true and full value, with specific mill rates determined by local school districts and municipal authorities.
Commutes are generally short due to the city's compact layout, with most residents reaching major employment hubs within 15 minutes by car.
The area features extensive park systems, including the Greenway along the Red River, and proximity to local golf courses and community shopping centers.
The rental market is experiencing significant pressure with rising rents and low vacancy rates, driven by high demand and limited new housing supply.
The economy is anchored by the University of North Dakota, Grand Forks Air Force Base, and a strong agricultural processing sector.
The city is served by a network of major highways including I-29 and US-2, with local bus transit provided by Cities Area Transit.
Development is focused on infill projects and residential expansion on the city's western edge to accommodate population growth.
The Grand Forks County Assessor manages property valuations, conducting regular assessments to ensure tax equity across the county.
Parcels are subject to Grand Forks Public School District levies and various municipal utility district assessments.
Property insurance premiums are influenced by regional flood risk and severe weather exposure, requiring comprehensive coverage.
Data retrieved from Census Bureau ZCTA profiles and county-level aggregates.
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.
A massive urban park system along the Red River.
A premier hockey arena serving the university and community.
The primary regional shopping destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.