GRAND FORKS Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Rent Data
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Grand Forks averaged 6.68% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.81% and one month ago for the week of 2023-02-09, the average rate was 6.1%.

    Grand Forks's average rate one year ago was 3.73%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.39%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Grand Forks 30 Year Fixed Rate 2023-03-16 6.68%
    Grand Forks 30 Year Fixed Rate Refi 2023-03-16 6.39%
    Grand Forks 15 Year Fixed Rate 2023-03-16 6.35%
    Grand Forks 15 Year Fixed Rate Refi 2023-03-16 6.22%
    Grand Forks 30 Year FHA 2023-03-16 6.44%
    Grand Forks 30 Year FHA Refi 2023-03-16 6.32%
    Grand Forks 30 Year USDA 2023-03-16 6.14%
    Grand Forks 30 Year USDA Refi 2023-03-16 6.42%
    Grand Forks 30 Year VA 2023-03-16 6.39%
    Grand Forks 30 Year VA Refi 2023-03-16 6.21%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GRAND FORKS, ND-MN.

    GRAND FORKS Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the GRAND FORKS, ND-MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Gate City Bank 237 2.78% $4,602
    UNITED WHOLESALE MORTGAGE, LLC 181 2.99% $4,728
    Alerus Financial 94 2.91% $3,635
    Bremer Bank 94 3.01% $5,210
    Barrington Bank & Trust Company, N.A. 83 2.99% $4,783
    QUICKEN LOANS, LLC 69 3.14% $5,560
    Frandsen Bank & Trust 60 2.96% $4,214
    Florida Capital Bank 57 2.96% $4,163
    FIRST COMMUNITY CREDIT UNION 38 3.10% $4,065
    Wells Fargo Bank 35 3.06% $2,749
    U.S. Bank 34 3.04% $3,042
    Choice Financial Group 32 2.97% $5,099
    First International Bank & Trust 28 3.07% $2,796
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 26 3.23% $3,594
    The Huntington National Bank 23 3.15% $3,280
    Merchants Bank 21 2.91% $4,253
    TCF National Bank 13 2.89% $3,031
    CRESCENT MORTGAGE COMPANY 12 3.06% $4,549
    Bank Forward 12 2.78% $4,280
    AMERISAVE MORTGAGE CORPORATION 12 2.94% $5,618
    VALLEY MORTGAGE, INC. 8 2.90% $4,248
    LOANDEPOT.COM, LLC 6 3.04% $3,801
    BETTER MORTGAGE CORPORATION 6 2.81% $2,769
    Bell Bank 6 3.12% $2,990
    BROKER SOLUTIONS, INC. 6 3.06% $6,120
    CAPITAL CREDIT UNION 5 2.75% $4,000
    AFFINITY PLUS 5 3.28% $3,337
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.35% $3,688
    CALIBER HOME LOANS, INC. 5 2.75% $5,494
    First Guaranty Mortgage Corporation 4 2.69% $4,199
    EVERETT FINANCIAL, INC. 3 3.17% $1,500
    First Western Bank & Trust 3 3.13% $3,790
    WINGS FINANCIAL 3 2.83% $3,559
    PENNYMAC LOAN SERVICES, LLC 3 2.91% $4,209
    Goldwater Bank, N.A. 3 3.17% $3,392
    FREEDOM MORTGAGE CORPORATION 3 2.96% $1,202
    Mr. Cooper ( Nationstar Mortgage ) 3 3.21% $4,050
    NAVY FEDERAL CREDIT UNION 3 3.08% $3,673
    Discover Bank 3 4.74% $0
    TOWN AND COUNTRY Credit Union 2 2.81% $3,951
    Cambria Financial Group, LLC 2 3.06% $4,793
    CROSSCOUNTRY MORTGAGE, LLC 2 3.25% $2,860
    Flagstar Bank, FSB 2 4.00% $3,323
    GUARANTEED RATE, INC. 2 2.85% $4,034
    HOME POINT FINANCIAL CORPORATION 2 3.31% $5,064
    Lend Smart Mortgage, LLC 2 3.38% $2,322
    Mortgage Research Center, LLC 2 2.87% $2,364
    MOVEMENT MORTGAGE, LLC 2 3.71% $4,159
    NEWREZ LLC 2 3.19% $2,582
    North American Savings Bank, F.S.B. 2 2.81% $1,090
    The Federal Savings Bank 2 2.94% $8,041
    Hometown Lenders, Inc. 1 3.38% $3,293
    JPMorgan Chase Bank 1 2.99% $4,503
    LENDERFI, INC. 1 3.13% $1,008
    Watermark Capital, Inc. 1 2.99% $2,245
    Liberty Savings Bank, F.S.B. 1 3.13% $6,359
    FINANCE OF AMERICA MORTGAGE LLC 1 3.63% $4,130
    EMBRACE HOME LOANS, INC. 1 3.49% $4,411
    AMERICAN FINANCIAL NETWORK, INC. 1 3.00% $13,454
    Western State Bank 1 3.50% $2,430
    Deere Employees Credit Union 1 3.25% $3,203
    DATA MORTGAGE, INC. 1 3.50% $8,402
    Ally Bank 1 3.50% $702
    Wyndham Capital Mortgage, Inc. 1 2.63% $1,263
    NORTHROP GRUMMAN Federal Credit Union 1 3.00% $2,666
    PARKSIDE LENDING, LLC 1 2.88% $2,757
    CMG MORTGAGE, INC. 1 2.99% $3,293
    Plains Commerce Bank 1 3.13% $5,470
    PLANET HOME LENDING, LLC 1 3.38% $3,822
    PNC Bank 1 3.00% $3,859
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.88% $4,789
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 3.00% $3,025
    Citibank 1 2.75% $3,017
    RESULTS MORTGAGE, LLC 1 2.75% $3,977
    Servion, Inc. 1 3.25% $4,092
    SIRVA MORTGAGE, INC. 1 3.25% $659
    Starion Bank 1 2.63% $4,235
    Carrington Mortgage Services, LLC 1 2.88% $7,817
    ZILLOW HOME LOANS, LLC 1 4.13% $4,000
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $5,002
    Think Mutual Bank 1 3.00% $3,072
    THRIVENT Federal Credit Union 1 2.75% $5,465
    TOTAL MORTGAGE SERVICES, LLC 1 3.38% $650
    BNY Mellon 1 2.13% $2,793
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 3.88% $2,959
    BAY EQUITY LLC 1 3.25% $3,149
    Bank of America 1 2.75% $2,594
    First Federal Bank 1 3.00% $1,724
    AMERICAN FINANCING CORPORATION 1 2.75% $2,782
    HANCOCK MORTGAGE PARTNERS, LLC 1 3.63% $3,585
    HIWAY 1 3.00% $2,024
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $2,868
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.50% $7,080
    Washington Trust Bank 1 2.88% $3,820
    HOMESIDE FINANCIAL, LLC 1 2.99% $3,535

    GRAND FORKS Average Closing Costs & Other Stats

    GRAND FORKS, ND-MN's 95 lenders originated 3,535 loans during 2021. The total origination value was $758,585,000, with an average loan value of $214,593.

    GRAND FORKS's average closing costs are $4,598.

    The top GRAND FORKS lender as defined by loan originations is Gate City Bank, with 237 loans originated. Their average total fees are $4,602, which is $125 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee GRAND FORKS lenders (with over 10 loans originated) are Wells Fargo Bank ($2,749), First International Bank & Trust ($2,796), TCF National Bank ($3,031), U.S. Bank ($3,042) and The Huntington National Bank ($3,280).

    The lowest rate GRAND FORKS lenders (with over 10 loans originated) are Bank Forward (2.78%), Gate City Bank (2.78%), TCF National Bank (2.89%), Alerus Financial (2.91%) and Merchants Bank (2.91%).

    GRAND FORKS, ND-MN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Gate City Bank $105,800,000 $105,495,000 -0.3% 13.9%
    UNITED WHOLESALE MORTGAGE, LLC $54,975,000 $84,780,000 54.2% 11.2%
    Bremer Bank $72,820,000 $61,560,000 -15.5% 8.1%
    Alerus Financial $52,680,000 $56,105,000 6.5% 7.4%
    QUICKEN LOANS, LLC $32,125,000 $40,715,000 26.7% 5.4%
    Barrington Bank & Trust Company, N.A. $31,855,000 $34,065,000 6.9% 4.5%
    Frandsen Bank & Trust $36,165,000 $29,285,000 -19.0% 3.9%
    Florida Capital Bank $51,630,000 $24,775,000 -52.0% 3.3%
    U.S. Bank $19,010,000 $22,960,000 20.8% 3.0%
    FIRST COMMUNITY CREDIT UNION $14,715,000 $20,275,000 37.8% 2.7%
    GREYSTONE SERVICING COMPANY LLC $19,830,000 n/a 2.6%
    Choice Financial Group $21,795,000 $18,270,000 -16.2% 2.4%
    American Federal Bank $32,235,000 $17,085,000 -47.0% 2.3%
    Wells Fargo Bank $14,110,000 $16,730,000 18.6% 2.2%
    First International Bank & Trust $13,700,000 $16,220,000 18.4% 2.1%
    FREEDOM MORTGAGE CORPORATION $17,315,000 $15,820,000 -8.6% 2.1%
    Mortgage Research Center, LLC $9,020,000 $13,180,000 46.1% 1.7%
    The Huntington National Bank $10,410,000 n/a 1.4%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $9,900,000 $9,275,000 -6.3% 1.2%
    Merchants Bank $11,275,000 $7,015,000 -37.8% 0.9%
    Bank Forward $17,925,000 $6,830,000 -61.9% 0.9%
    TCF National Bank $22,190,000 $6,675,000 -69.9% 0.9%
    LOANDEPOT.COM, LLC $5,925,000 $6,600,000 11.4% 0.9%
    USAA Federal Savings Bank $8,590,000 $6,245,000 -27.3% 0.8%
    PENNYMAC LOAN SERVICES, LLC $840,000 $5,640,000 571.4% 0.7%
    Bell Bank $4,620,000 $5,410,000 17.1% 0.7%
    CALIBER HOME LOANS, INC. $5,010,000 $5,170,000 3.2% 0.7%
    AMERISAVE MORTGAGE CORPORATION $2,200,000 $4,970,000 125.9% 0.7%
    Unity Bank $1,805,000 $4,255,000 135.7% 0.6%
    CRESCENT MORTGAGE COMPANY $1,470,000 $4,100,000 178.9% 0.5%
    BETTER MORTGAGE CORPORATION $1,710,000 $3,580,000 109.4% 0.5%
    Mr. Cooper ( Nationstar Mortgage ) $4,835,000 $2,835,000 -41.4% 0.4%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,985,000 $2,810,000 41.6% 0.4%
    NAVY FEDERAL CREDIT UNION $2,290,000 $2,640,000 15.3% 0.3%
    GUARANTEED RATE, INC. $775,000 $2,330,000 200.6% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $1,600,000 $2,180,000 36.3% 0.3%
    Security First Bank of North Dakota $1,955,000 $2,055,000 5.1% 0.3%
    NEWREZ LLC $300,000 $2,030,000 576.7% 0.3%
    CAPITAL CREDIT UNION $1,425,000 $2,020,000 41.8% 0.3%
    VALLEY MORTGAGE, INC. $3,230,000 $1,935,000 -40.1% 0.3%
    PENTAGON FEDERAL CREDIT UNION $665,000 $1,930,000 190.2% 0.3%
    BROKER SOLUTIONS, INC. $1,610,000 $1,875,000 16.5% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $655,000 $1,705,000 160.3% 0.2%
    North American Savings Bank, F.S.B. $1,445,000 $1,640,000 13.5% 0.2%
    The Federal Savings Bank $2,340,000 $1,610,000 -31.2% 0.2%
    First Guaranty Mortgage Corporation $985,000 $1,420,000 44.2% 0.2%
    Union State Bank of Fargo $3,005,000 $1,390,000 -53.7% 0.2%
    Western State Bank $2,650,000 $1,340,000 -49.4% 0.2%
    First Western Bank & Trust $510,000 $1,260,000 147.1% 0.2%
    Flagstar Bank, FSB $830,000 $1,205,000 45.2% 0.2%
    Servion, Inc. $825,000 $1,135,000 37.6% 0.1%
    AFFINITY PLUS $2,375,000 $1,125,000 -52.6% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $1,220,000 $935,000 -23.4% 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $940,000 $885,000 -5.9% 0.1%
    HOME POINT FINANCIAL CORPORATION $1,550,000 $880,000 -43.2% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $600,000 $870,000 45.0% 0.1%
    Lend Smart Mortgage, LLC $755,000 $870,000 15.2% 0.1%
    TOWN AND COUNTRY Credit Union $1,385,000 $830,000 -40.1% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $225,000 $800,000 255.6% 0.1%
    Wyndham Capital Mortgage, Inc. $365,000 $780,000 113.7% 0.1%
    PLANET HOME LENDING, LLC $645,000 $765,000 18.6% 0.1%
    NBKC BANK $1,245,000 $730,000 -41.4% 0.1%
    EVERETT FINANCIAL, INC. $675,000 $700,000 3.7% 0.1%
    WALKER & DUNLOP, LLC $675,000 n/a 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $415,000 $670,000 61.4% 0.1%
    MID AMERICA MORTGAGE, INC. $295,000 $665,000 125.4% 0.1%
    WINGS FINANCIAL $120,000 $650,000 441.7% 0.1%
    THRIVENT Federal Credit Union $635,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $605,000 $625,000 3.3% 0.1%
    JPMorgan Chase Bank $1,560,000 $620,000 -60.3% 0.1%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $610,000 n/a 0.1%
    Hometown Lenders, Inc. $605,000 n/a 0.1%
    RESULTS MORTGAGE, LLC $565,000 n/a 0.1%
    Cambria Financial Group, LLC $125,000 $550,000 340.0% 0.1%
    KS StateBank $545,000 n/a 0.1%
    Discover Bank $35,000 $535,000 1,428.6% 0.1%
    Citibank $530,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $530,000 n/a 0.1%
    Axos Bank $355,000 $520,000 46.5% 0.1%
    SIRVA MORTGAGE, INC. $490,000 n/a 0.1%
    Think Mutual Bank $305,000 $490,000 60.7% 0.1%
    Goldwater Bank, N.A. $465,000 n/a 0.1%
    21ST MORTGAGE CORPORATION $590,000 $435,000 -26.3% 0.1%
    DATA MORTGAGE, INC. $425,000 n/a 0.1%
    Kirkwood Bank & Trust Co. $390,000 $405,000 3.8% 0.1%
    MOVEMENT MORTGAGE, LLC $310,000 $395,000 27.4% 0.1%
    Low VA Rates, LLC $795,000 $370,000 -53.5% 0.0%
    Lincoln Savings Bank $365,000 n/a 0.0%
    RiverWood Bank $515,000 $365,000 -29.1% 0.0%
    Plains Commerce Bank $330,000 $355,000 7.6% 0.0%
    Bank of England $345,000 $345,000 0.0% 0.0%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $440,000 $340,000 -22.7% 0.0%
    LENDERFI, INC. $320,000 n/a 0.0%
    BMO Harris Bank $305,000 n/a 0.0%
    FIRST COMMUNITY MORTGAGE, INC. $305,000 n/a 0.0%
    Service Federal Credit Union $305,000 n/a 0.0%
    VAN DYK MORTGAGE CORPORATION $295,000 $305,000 3.4% 0.0%
    Ally Bank $335,000 $280,000 -16.4% 0.0%
    Deere Employees Credit Union $275,000 n/a 0.0%
    CMG MORTGAGE, INC. $265,000 n/a 0.0%
    Community First National Bank $255,000 $265,000 3.9% 0.0%
    HOMESTAR FINANCIAL CORPORATION $255,000 n/a 0.0%
    The Central Trust Bank $255,000 n/a 0.0%
    FINANCE OF AMERICA MORTGAGE LLC $205,000 $250,000 22.0% 0.0%
    Loan Simple, Inc. $245,000 n/a 0.0%
    SUN WEST MORTGAGE COMPANY, INC. $185,000 $245,000 32.4% 0.0%
    First National Bank of Omaha $235,000 n/a 0.0%
    PNC Bank $235,000 n/a 0.0%
    STEARNS LENDING, LLC $235,000 n/a 0.0%
    TOWNE MORTGAGE COMPANY $235,000 n/a 0.0%
    VILLAGE CAPITAL & INVESTMENT LLC $340,000 $230,000 -32.4% 0.0%
    Dakota Community Bank & Trust $175,000 $225,000 28.6% 0.0%
    Devon Bank $225,000 n/a 0.0%
    EMBRACE HOME LOANS, INC. $430,000 $225,000 -47.7% 0.0%
    First Savings Bank $255,000 $225,000 -11.8% 0.0%
    Gateway First Bank $225,000 n/a 0.0%
    Nations Lending Corporation $225,000 n/a 0.0%
    CHERRY CREEK MORTGAGE, LLC $215,000 n/a 0.0%
    First Midwest Bank $215,000 n/a 0.0%
    Starion Bank $195,000 $215,000 10.3% 0.0%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $210,000 n/a 0.0%
    AgCountry Farm Credit Services, FLCA $205,000 n/a 0.0%
    PROVIDENT FUNDING ASSOCIATES, L.P. $205,000 n/a 0.0%
    BANKWEST, INC. $200,000 n/a 0.0%
    ACCELERATE MORTGAGE, LLC $195,000 n/a 0.0%
    NORTHROP GRUMMAN Federal Credit Union $265,000 $195,000 -26.4% 0.0%
    Paramount Bank $195,000 n/a 0.0%
    American National Bank of Minnesota $185,000 n/a 0.0%
    BAY EQUITY LLC $185,000 $185,000 0.0% 0.0%
    BNY Mellon $185,000 n/a 0.0%
    PARKSIDE LENDING, LLC $185,000 n/a 0.0%
    Chartwell Financial, LLC $180,000 $175,000 -2.8% 0.0%
    Liberty Savings Bank, F.S.B. $845,000 $175,000 -79.3% 0.0%
    American Mortgage & Equity Consultants, Inc. $440,000 $165,000 -62.5% 0.0%
    Bank of America $115,000 $165,000 43.5% 0.0%
    BNC National Bank $165,000 n/a 0.0%
    Carrington Mortgage Services, LLC $165,000 n/a 0.0%
    Chicago Mortgage Solutions LLC $165,000 n/a 0.0%
    AMERICAN FINANCING CORPORATION $245,000 $155,000 -36.7% 0.0%
    Black Hills Community Bank $155,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $155,000 n/a 0.0%
    TOTAL MORTGAGE SERVICES, LLC $155,000 n/a 0.0%
    Washington Trust Bank $155,000 n/a 0.0%
    ZILLOW HOME LOANS, LLC $155,000 n/a 0.0%
    Deerwood Bank $150,000 n/a 0.0%
    Figure Lending LLC $145,000 $150,000 3.4% 0.0%
    HIWAY $790,000 $145,000 -81.6% 0.0%
    FINANCE OF AMERICA REVERSE LLC $135,000 n/a 0.0%
    Citizens Bank $350,000 $125,000 -64.3% 0.0%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $115,000 n/a 0.0%
    North Shore Bank of Commerce $115,000 n/a 0.0%
    HANCOCK MORTGAGE PARTNERS, LLC $110,000 n/a 0.0%
    LIMA ONE CAPITAL, LLC $95,000 n/a 0.0%
    Dacotah Bank $3,060,000 $85,000 -97.2% 0.0%
    First Federal Bank $815,000 $85,000 -89.6% 0.0%
    Watermark Capital, Inc. $85,000 n/a 0.0%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $275,000 $75,000 -72.7% 0.0%
    ROYAL UNITED MORTGAGE LLC $75,000 n/a 0.0%
    NUMARK CREDIT UNION $145,000 $55,000 -62.1% 0.0%
    MEMBERS COOPERATIVE $45,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $150,000 $35,000 -76.7% 0.0%

    GRAND FORKS's top lender by overall market share is Gate City Bank, with 13.9% market share. In second place, with 11.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $84,780,000 in loans. In third place, with 8.1%, is Bremer Bank, having originated $61,560,000 in loans. In fourth place, with 7.4%, is Alerus Financial, having originated $56,105,000 in loans. In fifth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $40,715,000 in loans.

    GRAND FORKS Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - GRAND FORKS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $236,100 (5.0%) $273,651 (5.2%) 0.00 369
    2018-02-01 $236,325 (5.1%) $272,103 (4.1%) 0.00 371
    2018-03-01 $249,500 (10.9%) $274,791 (3.6%) 0.00 389
    2018-04-01 $250,950 (8.0%) $282,320 (5.9%) 0.00 401
    2018-05-01 $259,675 (6.8%) $287,426 (5.4%) 0.00 428
    2018-06-01 $254,000 (5.3%) $280,237 (1.5%) 0.00 493
    2018-07-01 $245,000 (6.5%) $278,267 (2.0%) 0.00 508
    2018-08-01 $239,450 (4.0%) $272,818 (1.5%) 0.00 518
    2018-09-01 $229,000 (-3.0%) $264,616 (-3.3%) 0.00 519
    2018-10-01 $219,950 (-5.4%) $258,610 (-4.9%) 0.00 503
    2018-11-01 $219,900 (-6.4%) $257,357 (-5.1%) 0.00 483
    2018-12-01 $219,900 (-8.3%) $254,012 (-7.4%) 0.00 462
    2019-01-01 $213,400 (-9.6%) $245,424 (-10.3%) 0.00 415
    2019-02-01 $209,000 (-11.6%) $242,543 (-10.9%) 0.00 414
    2019-03-01 $216,657 (-13.2%) $246,543 (-10.3%) 0.00 439
    2019-04-01 $219,000 (-12.7%) $250,310 (-11.3%) 0.00 458
    2019-05-01 $217,900 (-16.1%) $251,326 (-12.6%) 0.00 481
    2019-06-01 $221,000 (-13.0%) $253,215 (-9.6%) 0.00 499
    2019-07-01 $215,950 (-11.9%) $244,518 (-12.1%) 0.00 483
    2019-08-01 $212,818 (-11.1%) $245,324 (-10.1%) 0.00 481
    2019-09-01 $214,045 (-6.5%) $247,118 (-6.6%) 0.00 485
    2019-10-01 $212,364 (-3.5%) $246,271 (-4.8%) 0.00 481
    2019-11-01 $207,000 (-5.9%) $240,716 (-6.5%) 0.00 468
    2019-12-01 $209,900 (-4.6%) $242,280 (-4.6%) 0.00 429
    2020-01-01 $211,900 (-0.7%) $242,495 (-1.2%) 0.00 389
    2020-02-01 $209,000 (0.0%) $241,432 (-0.5%) 0.00 376
    2020-03-01 $219,175 (1.2%) $247,314 (0.3%) 0.00 368
    2020-04-01 $227,450 (3.9%) $254,007 (1.5%) 0.00 367
    2020-05-01 $234,900 (7.8%) $255,691 (1.7%) 0.00 359
    2020-06-01 $235,900 (6.7%) $263,201 (3.9%) 0.00 369
    2020-07-01 $230,950 (7.0%) $256,386 (4.9%) 0.00 378
    2020-08-01 $229,900 (8.0%) $256,582 (4.6%) 0.00 356
    2020-09-01 $229,375 (7.2%) $253,925 (2.8%) 0.00 342
    2020-10-01 $216,750 (2.1%) $249,396 (1.3%) 0.00 324
    2020-11-01 $199,900 (-3.4%) $239,769 (-0.4%) 0.00 308
    2020-12-01 $199,900 (-4.8%) $241,252 (-0.4%) 0.00 286
    2021-01-01 $199,500 (-5.9%) $237,037 (-2.3%) 0.00 248
    2021-02-01 $209,000 (0.0%) $262,678 (8.8%) 0.00 228
    2021-03-01 $224,250 (2.3%) $264,946 (7.1%) 0.00 215
    2021-04-01 $237,450 (4.4%) $282,391 (11.2%) 0.00 204
    2021-05-01 $249,900 (6.4%) $292,988 (14.6%) 0.00 180
    2021-06-01 $267,450 (13.4%) $302,910 (15.1%) 0.00 205
    2021-07-01 $249,900 (8.2%) $296,075 (15.5%) 0.00 204
    2021-08-01 $264,390 (15.0%) $289,628 (12.9%) 0.00 218
    2021-09-01 $276,985 (20.8%) $303,573 (19.6%) 0.00 230
    2021-10-01 $274,500 (26.6%) $300,440 (20.5%) 0.00 224
    2021-11-01 $285,000 (42.6%) $308,502 (28.7%) 0.00 215
    2021-12-01 $294,212 (47.2%) $315,129 (30.6%) 0.00 178
    2022-01-01 $297,425 (49.1%) $310,137 (30.8%) 0.00 163
    2022-02-01 $301,325 (44.2%) $305,529 (16.3%) 0.00 150
    2022-03-01 $320,003 (42.7%) $319,126 (20.5%) 0.00 146
    2022-04-01 $320,053 (34.8%) $321,326 (13.8%) 0.00 149
    2022-05-01 $309,900 (24.0%) $331,457 (13.1%) 0.00 167
    2022-06-01 $282,450 (5.6%) $317,670 (4.9%) 0.00 207
    2022-07-01 $269,900 (8.0%) $317,945 (7.4%) 0.00 251
    2022-08-01 $252,450 (-4.5%) $311,079 (7.4%) 0.00 249
    2022-09-01 $249,675 (-9.9%) $309,141 (1.8%) 0.00 235
    2022-10-01 $249,500 (-9.1%) $293,925 (-2.2%) 0.00 233
    2022-11-01 $259,900 (-8.8%) $295,066 (-4.4%) 0.00 238
    2022-12-01 $259,950 (-11.7%) $298,041 (-5.4%) 0.00 209
    2023-01-01 $260,000 (-12.6%) $301,392 (-2.8%) 0.00 198
    2023-02-01 $284,450 (-5.6%) $311,668 (2.0%) 0.00 166
    GRAND FORKS's median listing price for 2023-02-01 was $284,450, a difference of $-16,875 (-5.6%) versus the prior year and $24,450 versus the prior month.

    GRAND FORKS's median listing price comes in at 0% of the national average.

    GRAND FORKS's average listing price for 2023-02-01 was $311,668, a difference of $6,139 (2.0%) versus the prior year and $10,276 versus the prior month.

    For the 2023-02-01 period, GRAND FORKS had 166 MLS listings, a difference of -32 listings (-16%) versus the prior month and 16 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - GRAND FORKS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,213 sqft
    2018-02-01 0 days 2,222 sqft
    2018-03-01 0 days 2,263 sqft
    2018-04-01 0 days 2,320 sqft
    2018-05-01 0 days 2,340 sqft
    2018-06-01 0 days 2,336 sqft
    2018-07-01 0 days 2,312 sqft
    2018-08-01 0 days 2,303 sqft
    2018-09-01 0 days 2,262 sqft
    2018-10-01 0 days 2,258 sqft
    2018-11-01 0 days 2,233 sqft
    2018-12-01 0 days 2,180 sqft
    2019-01-01 0 days 2,173 sqft
    2019-02-01 0 days 2,115 sqft
    2019-03-01 0 days 2,114 sqft
    2019-04-01 0 days 2,114 sqft
    2019-05-01 0 days 2,120 sqft
    2019-06-01 0 days 2,144 sqft
    2019-07-01 0 days 2,103 sqft
    2019-08-01 0 days 2,105 sqft
    2019-09-01 0 days 2,110 sqft
    2019-10-01 0 days 2,113 sqft
    2019-11-01 0 days 2,108 sqft
    2019-12-01 0 days 2,088 sqft
    2020-01-01 0 days 2,075 sqft
    2020-02-01 0 days 2,031 sqft
    2020-03-01 0 days 2,087 sqft
    2020-04-01 0 days 2,112 sqft
    2020-05-01 0 days 2,112 sqft
    2020-06-01 0 days 2,154 sqft
    2020-07-01 0 days 2,156 sqft
    2020-08-01 0 days 2,160 sqft
    2020-09-01 0 days 2,182 sqft
    2020-10-01 0 days 2,184 sqft
    2020-11-01 0 days 2,180 sqft
    2020-12-01 0 days 2,181 sqft
    2021-01-01 0 days 2,128 sqft
    2021-02-01 0 days 2,184 sqft
    2021-03-01 0 days 2,183 sqft
    2021-04-01 0 days 2,183 sqft
    2021-05-01 0 days 2,184 sqft
    2021-06-01 0 days 2,200 sqft
    2021-07-01 0 days 2,160 sqft
    2021-08-01 0 days 2,176 sqft
    2021-09-01 0 days 2,171 sqft
    2021-10-01 0 days 2,042 sqft
    2021-11-01 0 days 2,042 sqft
    2021-12-01 0 days 2,042 sqft
    2022-01-01 0 days 2,042 sqft
    2022-02-01 0 days 2,042 sqft
    2022-03-01 0 days 2,042 sqft
    2022-04-01 0 days 2,042 sqft
    2022-05-01 0 days 2,042 sqft
    2022-06-01 0 days 2,042 sqft
    2022-07-01 0 days 2,042 sqft
    2022-08-01 0 days 2,042 sqft
    2022-09-01 0 days 2,042 sqft
    2022-10-01 0 days 2,042 sqft
    2022-11-01 0 days 2,106 sqft
    2022-12-01 0 days 2,114 sqft
    2023-01-01 0 days 2,074 sqft
    2023-02-01 0 days 2,098 sqft
    GRAND FORKS's median listing age (time on market) for 2023-02-01 was 0 days.

    GRAND FORKS's median square footage for active listings during the 2023-02-01 period was 2,098 sqft. One year prior, the average listing was 2,042 sqft.

    GRAND FORKS, ND-MN Average Rent (2022)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    56517 Grand Forks, ND-MN $720 $810 $1,020 $1,460 $1,770
    56523 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56535 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56540 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56542 Grand Forks, ND-MN $580 $640 $820 $1,160 $1,400
    56556 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56568 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56592 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56621 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56634 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56644 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56646 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56651 Grand Forks, ND-MN $640 $710 $910 $1,290 $1,560
    56684 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56710 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56715 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56716 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56721 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56722 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56723 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56736 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56742 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56744 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56750 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    56762 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    58201 Grand Forks, ND-MN $640 $710 $900 $1,280 $1,540
    58202 Grand Forks, ND-MN $590 $650 $830 $1,180 $1,420
    58203 Grand Forks, ND-MN $570 $630 $810 $1,150 $1,390
    58204 Grand Forks, ND-MN $910 $1,000 $1,280 $1,820 $2,190
    58205 Grand Forks, ND-MN $910 $1,000 $1,280 $1,820 $2,190
    58206 Grand Forks, ND-MN $620 $680 $870 $1,240 $1,490
    58207 Grand Forks, ND-MN $620 $680 $870 $1,240 $1,490
    58208 Grand Forks, ND-MN $620 $680 $870 $1,240 $1,490
    58212 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    58214 Grand Forks, ND-MN $600 $660 $850 $1,200 $1,450
    58228 Grand Forks, ND-MN $570 $630 $810 $1,150 $1,390
    58231 Grand Forks, ND-MN $620 $680 $870 $1,240 $1,490
    58233 Grand Forks, ND-MN $620 $680 $870 $1,240 $1,490
    58235 Grand Forks, ND-MN $580 $640 $820 $1,160 $1,400
    58240 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    58244 Grand Forks, ND-MN $620 $680 $870 $1,240 $1,490
    58251 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    58256 Grand Forks, ND-MN $640 $710 $900 $1,280 $1,540
    58258 Grand Forks, ND-MN $790 $870 $1,110 $1,580 $1,900
    58261 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    58266 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    58267 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380
    58275 Grand Forks, ND-MN $600 $670 $850 $1,210 $1,450
    58278 Grand Forks, ND-MN $570 $630 $800 $1,140 $1,380

    2022 Average & Median Rent Data Statistics
    GRAND FORKS, ND-MN average 1BR rent: $667, median: $630
    GRAND FORKS, ND-MN average 2BR rent: $849, median: $800
    GRAND FORKS, ND-MN average 3BR rent: $1,209, median: $1,140

    GRAND FORKS, ND-MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 1,470 $337,820,000 $229,810
    Refi 1,264 $291,310,000 $230,467
    Cash Out Refi 551 $105,295,000 $191,098
    Other 126 $12,150,000 $96,429
    Home Improvement 124 $12,010,000 $96,855

    Grand Forks's most frequently cited loan purpose was Home Purchase, with 1,470 originations. The 2nd most popular reason was Refi, with 1,264 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,458 $336,410,000 $230,734
    3-4% 921 $186,305,000 $202,286
    <2.5% 867 $190,765,000 $220,029
    4-5% 120 $15,270,000 $127,250
    5-6% 33 $2,275,000 $68,939
    6-7% 10 $460,000 $46,000
    7-8% 8 $760,000 $95,000
    Over 8% 8 $430,000 $53,750

    During 2021, Grand Forks's most frequently originated rate bucket was 2.5-3%, with 1,458 originations.

    Loan Sizing (GRAND FORKS, ND-MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 1,448 $220,490,000 $152,272
    $200k-400k 1,355 $361,635,000 $266,889
    $100,000 or less 540 $32,520,000 $60,222
    $400k-600k 138 $64,640,000 $468,406
    $600k-1000k 42 $30,660,000 $730,000
    $Over $1MM 12 $48,640,000 $4,053,333

    GRAND FORKS's loan sizing saw the bucket of loans from $100k-200k with 1,448 originations, totaling $220,490,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,423 $343,595,000 $241,458
    60-80% 1,155 $265,775,000 $230,108
    40-60% 341 $59,055,000 $173,182
    20-40% 171 $15,525,000 $90,789
    Under 20% 157 $6,765,000 $43,089
    Over 100% 59 $15,975,000 $270,763

    GRAND FORKS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,423 originations, totaling $343,595,000 in origination value.