GRAND FORKS Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Grand Forks averaged 6.96% for the week of 2023-11-22, compared to the national average of 7.29% for the same period.

The average rate for the prior week (2023-11-16) was 7.11% and one month ago for the week of 2023-10-19, the average rate was 7.4%.

Grand Forks's average rate one year ago was 6.18%.

For refis of the same type during the week of 2023-11-22, the average rate was 6.26%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-22 7.29%
Grand Forks 30 Year Fixed Rate 2023-11-22 6.96%
Grand Forks 30 Year Fixed Rate Refi 2023-11-22 6.26%
Grand Forks 15 Year Fixed Rate 2023-11-22 6.86%
Grand Forks 15 Year Fixed Rate Refi 2023-11-22 7.17%
Grand Forks 30 Year FHA 2023-11-22 -0.45%
Grand Forks 30 Year FHA Refi 2023-11-22 0.2%
Grand Forks 30 Year USDA 2023-11-22 0.1%
Grand Forks 30 Year USDA Refi 2023-11-22 0.1%
Grand Forks 30 Year VA 2023-11-22 -0.3%
Grand Forks 30 Year VA Refi 2023-11-22 0.1%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Gate City Bank 140 4.36% $5,006
UNITED WHOLESALE MORTGAGE, LLC 86 5.18% $4,807
Bremer Bank 68 4.94% $5,068
Alerus Financial 59 4.95% $3,831
Barrington Bank & Trust Company, N.A. 52 4.74% $5,292
Frandsen Bank & Trust 28 4.76% $4,614
QUICKEN LOANS, LLC 27 4.44% $6,503
First International Bank & Trust 25 5.02% $4,832
ARK-LA-TEX FINANCIAL SERVICES, LLC. 25 5.16% $4,417
The Huntington National Bank 25 4.86% $3,291
Florida Capital Bank 24 4.48% $5,194
FIRST COMMUNITY CREDIT UNION 19 5.34% $3,844
Wells Fargo Bank 18 4.66% $3,497
Choice Financial Group 15 4.85% $5,995
U.S. Bank 12 4.61% $2,964
Bank Forward 8 4.45% $3,067
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 4.67% $4,064
CRESCENT MORTGAGE COMPANY 6 4.73% $4,635
LOANDEPOT.COM, LLC 6 4.81% $4,942
Merchants Bank 5 5.15% $5,175
HOME POINT FINANCIAL CORPORATION 5 4.65% $5,406
USAA Federal Savings Bank 4 5.38% $2,837
GUARANTEED RATE, INC. 4 4.96% $4,735
American Bank Center 4 4.91% $4,407
Bell Bank 4 5.56% $3,294
NAVY FEDERAL CREDIT UNION 4 5.00% $3,607
CROSSCOUNTRY MORTGAGE, LLC 4 4.50% $5,449
CALIBER HOME LOANS, INC. 3 5.50% $5,332
Western State Bank 3 5.46% $3,231
Mortgage Research Center, LLC 3 5.21% $3,018
LAKEVIEW LOAN SERVICING, LLC 3 3.63% $2,128
Union State Bank of Fargo 3 3.93% $3,398
21ST MORTGAGE CORPORATION 3 6.67% $6,036
ZILLOW HOME LOANS, LLC 2 5.75% $3,619
AFFINITY PLUS 2 4.81% $3,875
AMERISAVE MORTGAGE CORPORATION 2 5.56% $8,215
BETTER MORTGAGE CORPORATION 2 5.25% $5,116
BNC National Bank 2 5.19% $2,918
BROKER SOLUTIONS, INC. 2 4.50% $9,572
CARDINAL FINANCIAL 2 6.81% $8,145
CHURCHILL MORTGAGE CORPORATION 2 5.50% $3,606
Deere Employees Credit Union 2 4.13% $5,805
First Western Bank & Trust 2 3.75% $3,452
Flagstar Bank, FSB 2 3.67% $2,545
JPMorgan Chase Bank 2 5.13% $689
Old National Bank 2 5.31% $3,010
PENNYMAC LOAN SERVICES, LLC 2 4.75% $4,255
Prosperity Home Mortgage, LLC 2 4.25% $4,283
RiverWood Bank 2 4.19% $4,895
Servion, Inc. 2 4.19% $5,056
Summit Mortgage Corporation 2 4.81% $5,428
VALLEY MORTGAGE, INC. 2 5.88% $6,617
WINGS FINANCIAL 2 5.31% $3,106
Morgan Stanley Private Bank 1 4.90% $3,111
MORIA DEVELOPMENT, INC. 1 5.13% $10,152
Dakota Community Bank & Trust 1 5.38% $6,724
Mr. Cooper ( Nationstar Mortgage ) 1 5.13% $7,699
City National Bank 1 3.10% $2,337
Baxter Credit Union 1 5.75% $2,410
Bank of the West 1 6.25% $3,864
Plains Commerce Bank 1 5.38% $3,389
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.99% $4,784
Bank of America 1 5.00% $3,190
Citizens Bank 1 3.38% $3,846
AMERICAN FINANCING CORPORATION 1 5.88% $4,919
Armed Forces Bank 1 6.13% $1,839
STAR ONE CREDIT UNION 1 2.38% $1,851
Stifel Bank and Trust 1 5.00% $2,483
AmeriHome Mortgage Company, LLC 1 5.99% $4,193
Carrington Mortgage Services, LLC 1 12.00% $8,580
TOWN AND COUNTRY Credit Union 1 4.50% $6,829
First Savings Bank 1 6.13% $3,198
First PREMIER Bank 1 7.00% $3,273
HOMESIDE FINANCIAL, LLC 1 4.25% $5,008
BAY EQUITY LLC 1 4.75% $5,868
FirstBank 1 3.38% $1,691
Lend Smart Mortgage, LLC 1 4.25% $2,430
Liberty Bank Minnesota 1 3.25% $3,379
EVERETT FINANCIAL, INC. 1 4.25% $2,067
Discover Bank 1 3.99% $0

GRAND FORKS Average Closing Costs & Other Stats

GRAND FORKS, ND-MN's 80 lenders originated 2,036 loans during 2022. The total origination value was $504,560,000, with an average loan value of $247,819.

GRAND FORKS's average closing costs are $4,757.

The top GRAND FORKS lender as defined by loan originations is Gate City Bank, with 140 loans originated. Their average total fees are $5,006, which is $198 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee GRAND FORKS lenders (with over 10 loans originated) are U.S. Bank ($2,964), The Huntington National Bank ($3,291), Wells Fargo Bank ($3,497), Alerus Financial ($3,831) and FIRST COMMUNITY CREDIT UNION ($3,844).

The lowest rate GRAND FORKS lenders (with over 10 loans originated) are Gate City Bank (4.36%), QUICKEN LOANS, LLC (4.44%), Florida Capital Bank (4.48%), U.S. Bank (4.61%) and Wells Fargo Bank (4.66%).

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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Gate City Bank $105,495,000 $90,895,000 -13.8% 18.0%
Bremer Bank $61,560,000 $57,115,000 -7.2% 11.3%
UNITED WHOLESALE MORTGAGE, LLC $84,780,000 $45,355,000 -46.5% 9.0%
Choice Financial Group $18,270,000 $33,630,000 84.1% 6.7%
Alerus Financial $56,105,000 $25,925,000 -53.8% 5.1%
Grandbridge Real Estate Capital LLC $20,530,000 n/a 4.1%
Barrington Bank & Trust Company, N.A. $34,065,000 $20,320,000 -40.3% 4.0%
QUICKEN LOANS, LLC $40,715,000 $14,750,000 -63.8% 2.9%
First International Bank & Trust $16,220,000 $14,250,000 -12.1% 2.8%
American Federal Bank $17,085,000 $14,230,000 -16.7% 2.8%
First State Bank $13,695,000 n/a 2.7%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $9,275,000 $11,580,000 24.9% 2.3%
Frandsen Bank & Trust $29,285,000 $11,290,000 -61.4% 2.2%
Mortgage Research Center, LLC $13,180,000 $10,650,000 -19.2% 2.1%
The Huntington National Bank $10,410,000 $9,635,000 -7.4% 1.9%
Florida Capital Bank $24,775,000 $8,420,000 -66.0% 1.7%
Bank Forward $6,830,000 $7,505,000 9.9% 1.5%
FIRST COMMUNITY CREDIT UNION $20,275,000 $7,220,000 -64.4% 1.4%
Wells Fargo Bank $16,730,000 $7,075,000 -57.7% 1.4%
U.S. Bank $22,960,000 $6,465,000 -71.8% 1.3%
Bell Bank $5,410,000 $5,855,000 8.2% 1.2%
USAA Federal Savings Bank $6,245,000 $4,005,000 -35.9% 0.8%
NAVY FEDERAL CREDIT UNION $2,640,000 $3,475,000 31.6% 0.7%
LOANDEPOT.COM, LLC $6,600,000 $2,725,000 -58.7% 0.5%
GUARANTEED RATE, INC. $2,330,000 $2,340,000 0.4% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,705,000 $2,185,000 28.2% 0.4%
Merchants Bank $7,015,000 $2,025,000 -71.1% 0.4%
CALIBER HOME LOANS, INC. $5,170,000 $1,785,000 -65.5% 0.4%
BROKER SOLUTIONS, INC. $1,875,000 $1,765,000 -5.9% 0.3%
Unity Bank $4,255,000 $1,685,000 -60.4% 0.3%
Lend Smart Mortgage, LLC $870,000 $1,560,000 79.3% 0.3%
First Interstate Bank $1,505,000 n/a 0.3%
Union State Bank of Fargo $1,390,000 $1,485,000 6.8% 0.3%
PENNYMAC LOAN SERVICES, LLC $5,640,000 $1,315,000 -76.7% 0.3%
RiverWood Bank $365,000 $1,315,000 260.3% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,810,000 $1,295,000 -53.9% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $2,835,000 $1,280,000 -54.9% 0.3%
AgCountry Farm Credit Services, FLCA $205,000 $1,275,000 522.0% 0.3%
CRESCENT MORTGAGE COMPANY $4,100,000 $1,215,000 -70.4% 0.2%
Prosperity Home Mortgage, LLC $1,155,000 n/a 0.2%
FREEDOM MORTGAGE CORPORATION $15,820,000 $1,110,000 -93.0% 0.2%
Western State Bank $1,340,000 $1,090,000 -18.7% 0.2%
21ST MORTGAGE CORPORATION $435,000 $1,075,000 147.1% 0.2%
AMERISAVE MORTGAGE CORPORATION $4,970,000 $1,075,000 -78.4% 0.2%
LAKEVIEW LOAN SERVICING, LLC $2,180,000 $1,065,000 -51.1% 0.2%
American Bank Center $1,050,000 n/a 0.2%
JPMorgan Chase Bank $620,000 $1,015,000 63.7% 0.2%
Servion, Inc. $1,135,000 $1,010,000 -11.0% 0.2%
HOME POINT FINANCIAL CORPORATION $880,000 $955,000 8.5% 0.2%
Flagstar Bank, FSB $1,205,000 $940,000 -22.0% 0.2%
Deere Employees Credit Union $275,000 $845,000 207.3% 0.2%
Lake Forest Bank & Trust $795,000 n/a 0.2%
VALLEY MORTGAGE, INC. $1,935,000 $795,000 -58.9% 0.2%
First Western Bank & Trust $1,260,000 $750,000 -40.5% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $870,000 $720,000 -17.2% 0.1%
NEWREZ LLC $2,030,000 $665,000 -67.2% 0.1%
American National Bank of Minnesota $185,000 $655,000 254.1% 0.1%
TOWN AND COUNTRY Credit Union $830,000 $655,000 -21.1% 0.1%
Libertyville Bank & Trust $595,000 n/a 0.1%
First Savings Bank $225,000 $590,000 162.2% 0.1%
ZILLOW HOME LOANS, LLC $155,000 $525,000 238.7% 0.1%
Stifel Bank and Trust $505,000 n/a 0.1%
Bank of America $165,000 $495,000 200.0% 0.1%
AFFINITY PLUS $1,125,000 $485,000 -56.9% 0.1%
Citizens Bank $125,000 $485,000 288.0% 0.1%
EVERETT FINANCIAL, INC. $700,000 $475,000 -32.1% 0.1%
Service Federal Credit Union $305,000 $470,000 54.1% 0.1%
Summit Mortgage Corporation $470,000 n/a 0.1%
The Central Trust Bank $255,000 $465,000 82.4% 0.1%
Think Mutual Bank $490,000 $455,000 -7.1% 0.1%
BETTER MORTGAGE CORPORATION $3,580,000 $390,000 -89.1% 0.1%
Discover Bank $535,000 $385,000 -28.0% 0.1%
CHURCHILL MORTGAGE CORPORATION $370,000 n/a 0.1%
Old National Bank $370,000 n/a 0.1%
Plains Commerce Bank $355,000 $360,000 1.4% 0.1%
Dakota Community Bank & Trust $225,000 $345,000 53.3% 0.1%
Armed Forces Bank $340,000 n/a 0.1%
Bank of England $345,000 $340,000 -1.4% 0.1%
MID AMERICA MORTGAGE, INC. $665,000 $330,000 -50.4% 0.1%
Carrington Mortgage Services, LLC $165,000 $320,000 93.9% 0.1%
PNC Bank $235,000 $315,000 34.0% 0.1%
WINGS FINANCIAL $650,000 $315,000 -51.5% 0.1%
Liberty Bank Minnesota $305,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $800,000 $295,000 -63.1% 0.1%
RAILWAY CREDIT UNION $295,000 n/a 0.1%
PREMIA MORTGAGE, LLC $285,000 n/a 0.1%
MORIA DEVELOPMENT, INC. $265,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $935,000 $260,000 -72.2% 0.1%
Morgan Stanley Private Bank $255,000 n/a 0.1%
Dacotah Bank $85,000 $245,000 188.2% 0.0%
FirstBank $245,000 n/a 0.0%
Kirkwood Bank & Trust Co. $405,000 $240,000 -40.7% 0.0%
PENTAGON FEDERAL CREDIT UNION $1,930,000 $240,000 -87.6% 0.0%
Baxter Credit Union $225,000 n/a 0.0%
Devon Bank $225,000 $215,000 -4.4% 0.0%
STAR ONE CREDIT UNION $215,000 n/a 0.0%
Deerwood Bank $150,000 $205,000 36.7% 0.0%
AMERICAN ADVISORS GROUP $35,000 $200,000 471.4% 0.0%
BNC National Bank $165,000 $200,000 21.2% 0.0%
Chartwell Financial, LLC $175,000 $195,000 11.4% 0.0%
First PREMIER Bank $195,000 n/a 0.0%
Community First National Bank $265,000 $155,000 -41.5% 0.0%
SOFI LENDING CORP. $155,000 n/a 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $155,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $530,000 $150,000 -71.7% 0.0%
BAY EQUITY LLC $185,000 $135,000 -27.0% 0.0%
Peoples Bank $135,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $105,000 n/a 0.0%
FINANCE OF AMERICA MORTGAGE LLC $250,000 $105,000 -58.0% 0.0%
City National Bank $95,000 n/a 0.0%
Community Bank Mankato $95,000 n/a 0.0%
CAPITAL CREDIT UNION $2,020,000 $90,000 -95.5% 0.0%
AMERICAN FINANCING CORPORATION $155,000 $85,000 -45.2% 0.0%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $210,000 $80,000 -61.9% 0.0%
Bank of the West $65,000 n/a 0.0%
Colonial Savings, F.A. $55,000 n/a 0.0%
THRIVENT Federal Credit Union $635,000 $55,000 -91.3% 0.0%
TRIAD FINANCIAL SERVICES, INC. $25,000 n/a 0.0%

GRAND FORKS's top lender by overall market share is Gate City Bank, with 18.0% market share. In second place, with 11.3%, is Bremer Bank, having originated $57,115,000 in loans. In third place, with 9.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $45,355,000 in loans. In fourth place, with 6.7%, is Choice Financial Group, having originated $33,630,000 in loans. In fifth place, with 5.1%, is Alerus Financial, having originated $25,925,000 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%) $246,541 (-10.3%) 0.00 439
2019-04-01 $219,000 (-12.7%) $250,309 (-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
2023-03-01 $315,800 (-1.3%) $333,159 (4.4%) 0.00 166
2023-04-01 $299,900 (-6.3%) $330,431 (2.8%) 0.00 166
2023-05-01 $321,633 (3.8%) $373,798 (12.8%) 0.00 176
2023-06-01 $316,450 (12.0%) $362,199 (14.0%) 0.00 207
2023-07-01 $325,000 (20.4%) $361,802 (13.8%) 0.00 233
2023-08-01 $318,675 (26.2%) $357,730 (15.0%) 0.00 238
2023-09-01 $299,900 (20.1%) $351,138 (13.6%) 0.00 257
2023-10-01 $308,125 (23.5%) $343,867 (17.0%) 0.00 264
GRAND FORKS's median listing price for 2023-10-01 was $308,125, a difference of $58,625 (23.5%) versus the prior year and $8,225 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 2023-10-01 was $343,867, a difference of $49,942 (17.0%) versus the prior year and $-7,271 versus the prior month.

For the 2023-10-01 period, GRAND FORKS had 264 MLS listings, a difference of 7 listings (3%) versus the prior month and 31 listings (13%) 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
2023-03-01 0 days 2,125 sqft
2023-04-01 0 days 2,168 sqft
2023-05-01 0 days 2,184 sqft
2023-06-01 0 days 2,296 sqft
2023-07-01 0 days 2,311 sqft
2023-08-01 0 days 2,216 sqft
2023-09-01 0 days 2,184 sqft
2023-10-01 0 days 2,135 sqft
GRAND FORKS's median listing age (time on market) for 2023-10-01 was 0 days.

GRAND FORKS's median square footage for active listings during the 2023-10-01 period was 2,135 sqft. One year prior, the average listing was 2,042 sqft.

GRAND FORKS, ND-MN Average Rent (2023)

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 1,263 $392,395,000 $310,685
Refi 243 $45,835,000 $188,621
Cash Out Refi 223 $43,145,000 $193,475
Home Improvement 158 $11,140,000 $70,506
Other 149 $12,045,000 $80,839

Grand Forks's most frequently cited loan purpose was Home Purchase, with 1,263 originations. The 2nd most popular reason was Refi, with 243 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 506 $107,230,000 $211,917
5-6% 473 $100,285,000 $212,019
3-4% 462 $184,300,000 $398,918
6-7% 203 $33,825,000 $166,626
2.5-3% 126 $30,290,000 $240,397
7-8% 63 $6,595,000 $104,683
<2.5% 37 $6,875,000 $185,811
Over 8% 20 $1,650,000 $82,500

During 2022, Grand Forks's most frequently originated rate bucket was 4-5%, with 506 originations.

Loan Sizing (GRAND FORKS, ND-MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 730 $199,140,000 $272,795
$100k-200k 688 $104,050,000 $151,235
$100,000 or less 474 $25,060,000 $52,869
$400k-600k 110 $52,030,000 $473,000
$600k-1000k 20 $14,320,000 $716,000
$Over $1MM 14 $109,960,000 $7,854,286

GRAND FORKS's loan sizing saw the bucket of loans from $200k-400k with 730 originations, totaling $199,140,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 840 $225,620,000 $268,595
60-80% 477 $155,215,000 $325,398
Under 20% 227 $11,445,000 $50,419
40-60% 149 $51,175,000 $343,456
20-40% 141 $12,455,000 $88,333
Over 100% 51 $14,495,000 $284,216

GRAND FORKS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 840 originations, totaling $225,620,000 in origination value.