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 6.72% for the week of 2024-11-27, compared to the national average of 6.81% for the same period.

The average rate for the prior week (2024-11-21) was 6.55% and one month ago for the week of 2024-10-24, the average rate was 6.35%.

Grand Forks's average rate one year ago was 7.2%.

For refis of the same type during the week of 2024-11-27, the average rate was 6.71%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-11-27 6.81%
Grand Forks 30 Year Fixed Rate 2024-11-27 6.72%
Grand Forks 30 Year Fixed Rate Refi 2024-11-27 6.71%
Grand Forks 15 Year Fixed Rate 2024-11-27 6%
Grand Forks 15 Year Fixed Rate Refi 2024-11-27 6.3%
Grand Forks 30 Year FHA 2024-11-27 -0.04%
Grand Forks 30 Year FHA Refi 2024-11-27 0.2%
Grand Forks 30 Year USDA 2024-11-27 -0.2%
Grand Forks 30 Year USDA Refi 2024-11-27 0.2%
Grand Forks 30 Year VA 2024-11-27 -0.12%
Grand Forks 30 Year VA Refi 2024-11-27 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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Gate City Bank 99 6.15% $5,104
UNITED WHOLESALE MORTGAGE, LLC 44 6.87% $5,355
Alerus Financial 39 6.86% $3,012
Frandsen Bank & Trust 35 6.66% $5,171
Bremer Bank 34 6.66% $5,514
Barrington Bank & Trust Company, N.A. 34 6.52% $5,021
FIRST COMMUNITY CREDIT UNION 31 6.54% $4,380
QUICKEN LOANS, LLC 17 6.65% $5,680
First International Bank & Trust 14 6.78% $6,662
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 7.06% $4,046
The Huntington National Bank 11 6.57% $3,338
U.S. Bank 10 7.09% $3,192
Choice Financial Group 9 5.87% $5,044
Nations Lending Corporation 9 7.03% $3,582
Florida Capital Bank 8 6.77% $4,351
Wells Fargo Bank 6 6.96% $5,738
USAA Federal Savings Bank 4 6.16% $6,799
Bank Forward 4 6.41% $4,673
Park State Bank 3 6.71% $5,297
VALLEY MORTGAGE, INC. 2 6.25% $3,105
CRESCENT MORTGAGE COMPANY 2 7.00% $3,777
LOANDEPOT.COM, LLC 2 6.75% $10,173
EVERETT FINANCIAL, INC. 2 7.12% $6,205
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.38% $4,518
American Mortgage & Equity Consultants, Inc. 2 7.06% $3,625
RiverWood Bank 2 7.25% $5,487
SIRVA MORTGAGE, INC. 2 6.75% $76
PENNYMAC LOAN SERVICES, LLC 2 6.94% $9,246
AMERISAVE MORTGAGE CORPORATION 2 6.25% $5,201
Tradition Mortgage, LLC 2 6.50% $4,353
Bell Bank 2 6.99% $6,379
ZILLOW HOME LOANS, LLC 1 6.63% $5,782
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $6,164
BETTER MORTGAGE CORPORATION 1 5.50% $964
BROKER SOLUTIONS, INC. 1 7.13% $5,735
CHURCHILL MORTGAGE CORPORATION 1 7.13% $5,752
CITIZENS EQUITY FIRST 1 6.13% $2,274
Dacotah Bank 1 6.88% $7,505
Deerwood Bank 1 5.75% $3,626
Discover Bank 1 7.24% $0
Firstar Bank 1 6.38% $2,648
FREEDOM MORTGAGE CORPORATION 1 7.75% $6,384
GUILD MORTGAGE COMPANY 1 7.50% $2,632
IOWA BANKERS MORTGAGE CORPORATION 1 6.63% $3,041
Ixonia Bank 1 6.75% $3,878
Lend Smart Mortgage, LLC 1 6.50% $2,599
Magnolia Bank 1 6.62% $9,118
Merchants Bank 1 7.28% $11,981
Mr. Cooper ( Nationstar Mortgage ) 1 6.49% $6,279
NEWREZ LLC 1 6.99% $8,690
PNC Bank 1 7.00% $3,984
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.38% $6,394
RBC Bank, (Georgia) 1 5.88% $1,670
SWBC MORTGAGE CORPORATION 1 6.88% $1,003
UBS Bank USA 1 7.38% $3,935
UNION HOME MORTGAGE CORP. 1 6.88% $2,448
Western State Bank 1 7.63% $2,294
AFFINITY PLUS 1 6.13% $2,970

GRAND FORKS Average Closing Costs & Other Stats

GRAND FORKS, ND-MN's 58 lenders originated 1,556 loans during 2023. The total origination value was $385,370,000, with an average loan value of $247,667.

GRAND FORKS's average closing costs are $4,861.

The top GRAND FORKS lender as defined by loan originations is Gate City Bank, with 99 loans originated. Their average total fees are $5,104, which is $251 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee GRAND FORKS lenders (with over 10 loans originated) are Alerus Financial ($3,012), U.S. Bank ($3,192), The Huntington National Bank ($3,338), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,046) and FIRST COMMUNITY CREDIT UNION ($4,380).

The lowest rate GRAND FORKS lenders (with over 10 loans originated) are Gate City Bank (6.15%), Barrington Bank & Trust Company, N.A. (6.52%), FIRST COMMUNITY CREDIT UNION (6.54%), The Huntington National Bank (6.57%) and QUICKEN LOANS, LLC (6.65%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Bremer Bank $57,115,000 $48,950,000 -14.3% 12.7%
Alerus Financial $25,925,000 $47,200,000 82.1% 12.2%
Gate City Bank $90,895,000 $43,510,000 -52.1% 11.3%
UNITED WHOLESALE MORTGAGE, LLC $45,355,000 $25,070,000 -44.7% 6.5%
Choice Financial Group $33,630,000 $19,535,000 -41.9% 5.1%
Dacotah Bank $245,000 $15,405,000 6,187.8% 4.0%
Barrington Bank & Trust Company, N.A. $20,320,000 $13,330,000 -34.4% 3.5%
Frandsen Bank & Trust $11,290,000 $13,030,000 15.4% 3.4%
First International Bank & Trust $14,250,000 $12,905,000 -9.4% 3.3%
First State Bank $13,695,000 $12,855,000 -6.1% 3.3%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $11,580,000 $11,080,000 -4.3% 2.9%
American Federal Bank $14,230,000 $9,420,000 -33.8% 2.4%
FIRST COMMUNITY CREDIT UNION $7,220,000 $8,740,000 21.1% 2.3%
QUICKEN LOANS, LLC $14,750,000 $7,935,000 -46.2% 2.1%
United Valley Bank $7,445,000 n/a 1.9%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $7,135,000 n/a 1.9%
The Huntington National Bank $9,635,000 $6,150,000 -36.2% 1.6%
Wells Fargo Bank $7,075,000 $5,115,000 -27.7% 1.3%
U.S. Bank $6,465,000 $4,885,000 -24.4% 1.3%
USAA Federal Savings Bank $4,005,000 $4,160,000 3.9% 1.1%
Bank Forward $7,505,000 $4,115,000 -45.2% 1.1%
Mortgage Research Center, LLC $10,650,000 $4,045,000 -62.0% 1.0%
Nations Lending Corporation $2,980,000 n/a 0.8%
Unity Bank $1,685,000 $2,825,000 67.7% 0.7%
PENNYMAC LOAN SERVICES, LLC $1,315,000 $2,090,000 58.9% 0.5%
First National Bank Bagley $2,060,000 n/a 0.5%
867 $1,870,000 n/a 0.5%
Florida Capital Bank $8,420,000 $1,730,000 -79.5% 0.4%
NBKC BANK $1,405,000 n/a 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,185,000 $1,305,000 -40.3% 0.3%
LOANDEPOT.COM, LLC $2,725,000 $1,290,000 -52.7% 0.3%
NAVY FEDERAL CREDIT UNION $3,475,000 $1,145,000 -67.1% 0.3%
RiverWood Bank $1,315,000 $1,085,000 -17.5% 0.3%
BROKER SOLUTIONS, INC. $1,765,000 $1,075,000 -39.1% 0.3%
FREEDOM MORTGAGE CORPORATION $1,110,000 $1,075,000 -3.2% 0.3%
PREMIER MORTGAGE RESOURCES, L.L.C. $1,060,000 n/a 0.3%
21ST MORTGAGE CORPORATION $1,075,000 $1,010,000 -6.0% 0.3%
AgCountry Farm Credit Services, FLCA $1,275,000 $985,000 -22.7% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $1,280,000 $905,000 -29.3% 0.2%
Park State Bank $900,000 n/a 0.2%
Bell Bank $5,855,000 $890,000 -84.8% 0.2%
PNC Bank $315,000 $845,000 168.3% 0.2%
SIRVA MORTGAGE, INC. $690,000 n/a 0.2%
VALLEY MORTGAGE, INC. $795,000 $680,000 -14.5% 0.2%
Union State Bank of Fargo $1,485,000 $645,000 -56.6% 0.2%
Servion, Inc. $1,010,000 $640,000 -36.6% 0.2%
Tradition Mortgage, LLC $640,000 n/a 0.2%
VILLAGE CAPITAL MORTGAGE $620,000 n/a 0.2%
Unison Bank $555,000 n/a 0.1%
UBS Bank USA $545,000 n/a 0.1%
Merchants Bank $2,025,000 $530,000 -73.8% 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,065,000 $485,000 -54.5% 0.1%
Discover Bank $385,000 $455,000 18.2% 0.1%
PENTAGON FEDERAL CREDIT UNION $240,000 $455,000 89.6% 0.1%
CARDINAL FINANCIAL $1,295,000 $445,000 -65.6% 0.1%
CRESCENT MORTGAGE COMPANY $1,215,000 $410,000 -66.3% 0.1%
Hinsdale Bank & Trust Company $405,000 n/a 0.1%
TOWN AND COUNTRY Credit Union $655,000 $400,000 -38.9% 0.1%
CHURCHILL MORTGAGE CORPORATION $370,000 $385,000 4.1% 0.1%
COMPEER FINANCIAL, FLCA $385,000 n/a 0.1%
Flagstar Bank, FSB $940,000 $375,000 -60.1% 0.1%
JPMorgan Chase Bank $1,015,000 $370,000 -63.5% 0.1%
American Mortgage & Equity Consultants, Inc. $360,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $360,000 n/a 0.1%
West Gate Bank $360,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $330,000 $345,000 4.5% 0.1%
EVERETT FINANCIAL, INC. $475,000 $330,000 -30.5% 0.1%
MOVEMENT MORTGAGE, LLC $315,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $295,000 $315,000 6.8% 0.1%
ZILLOW HOME LOANS, LLC $525,000 $315,000 -40.0% 0.1%
AMERISAVE MORTGAGE CORPORATION $1,075,000 $300,000 -72.1% 0.1%
Figure Lending LLC $295,000 n/a 0.1%
Ixonia Bank $285,000 n/a 0.1%
Magnolia Bank $285,000 n/a 0.1%
AFFINITY PLUS $485,000 $275,000 -43.3% 0.1%
Carrington Mortgage Services, LLC $320,000 $275,000 -14.1% 0.1%
BETTER MORTGAGE CORPORATION $390,000 $245,000 -37.2% 0.1%
CITIZENS EQUITY FIRST $245,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $245,000 n/a 0.1%
MANN FINANCIAL INC. $245,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $720,000 $240,000 -66.7% 0.1%
BAY EQUITY LLC $135,000 $230,000 70.4% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $260,000 $210,000 -19.2% 0.1%
M&T Bank $205,000 n/a 0.1%
Firstar Bank $195,000 n/a 0.1%
RBC Bank, (Georgia) $195,000 n/a 0.1%
American Bank Center $1,050,000 $185,000 -82.4% 0.0%
NEWREZ LLC $665,000 $185,000 -72.2% 0.0%
SPIRE Credit Union $185,000 n/a 0.0%
VISIONBank $185,000 n/a 0.0%
HIWAY $180,000 n/a 0.0%
WINGS FINANCIAL $315,000 $175,000 -44.4% 0.0%
GUARANTEED RATE, INC. $2,340,000 $165,000 -92.9% 0.0%
Chartwell Financial, LLC $195,000 $155,000 -20.5% 0.0%
Coastal Community Bank $155,000 n/a 0.0%
Think Mutual Bank $455,000 $155,000 -65.9% 0.0%
UNION HOME MORTGAGE CORP. $135,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $130,000 n/a 0.0%
Kirkwood Bank & Trust Co. $240,000 $125,000 -47.9% 0.0%
IOWA BANKERS MORTGAGE CORPORATION $115,000 n/a 0.0%
Deere Employees Credit Union $845,000 $105,000 -87.6% 0.0%
GUILD MORTGAGE COMPANY $105,000 n/a 0.0%
Deerwood Bank $205,000 $95,000 -53.7% 0.0%
LONGBRIDGE FINANCIAL, LLC $95,000 n/a 0.0%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $75,000 n/a 0.0%
Lend Smart Mortgage, LLC $1,560,000 $75,000 -95.2% 0.0%
NORTH STAR CREDIT UNION $70,000 n/a 0.0%
CALIBER HOME LOANS, INC. $1,785,000 $65,000 -96.4% 0.0%
NEW DAY FINANCIAL, LLC $65,000 n/a 0.0%
Western State Bank $1,090,000 $65,000 -94.0% 0.0%
BANKWEST, INC. $55,000 n/a 0.0%
Bethpage Federal Credit Union $55,000 n/a 0.0%
Northview Bank $55,000 n/a 0.0%
RAILWAY CREDIT UNION $295,000 $45,000 -84.7% 0.0%

GRAND FORKS's top lender by overall market share is Bremer Bank, with 12.7% market share. In second place, with 12.2%, is Alerus Financial, having originated $47,200,000 in loans. In third place, with 11.3%, is Gate City Bank, having originated $43,510,000 in loans. In fourth place, with 6.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $25,070,000 in loans. In fifth place, with 5.1%, is Choice Financial Group, having originated $19,535,000 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 $237,350 (5.5%) $273,776 (5.2%) 0.00 368
2018-02-01 $236,950 (5.4%) $272,224 (4.1%) 0.00 370
2018-03-01 $249,500 (10.5%) $274,911 (3.5%) 0.00 388
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%) $280,172 (1.4%) 0.00 493
2018-07-01 $245,000 (6.6%) $278,141 (2.1%) 0.00 507
2018-08-01 $238,269 (3.8%) $272,520 (1.5%) 0.00 516
2018-09-01 $225,000 (-4.2%) $264,301 (-3.3%) 0.00 517
2018-10-01 $219,900 (-5.4%) $258,438 (-5.0%) 0.00 501
2018-11-01 $219,900 (-6.4%) $257,171 (-5.2%) 0.00 481
2018-12-01 $219,900 (-8.3%) $253,796 (-7.5%) 0.00 460
2019-01-01 $211,500 (-10.9%) $245,148 (-10.5%) 0.00 413
2019-02-01 $208,250 (-12.1%) $242,389 (-11.0%) 0.00 413
2019-03-01 $216,657 (-13.2%) $246,456 (-10.4%) 0.00 439
2019-04-01 $219,000 (-12.7%) $250,298 (-11.3%) 0.00 458
2019-05-01 $217,650 (-16.2%) $251,230 (-12.6%) 0.00 480
2019-06-01 $220,000 (-13.4%) $253,126 (-9.7%) 0.00 498
2019-07-01 $215,450 (-12.1%) $244,430 (-12.1%) 0.00 482
2019-08-01 $212,077 (-11.0%) $245,257 (-10.0%) 0.00 480
2019-09-01 $213,693 (-5.0%) $247,055 (-6.5%) 0.00 484
2019-10-01 $212,270 (-3.5%) $246,206 (-4.7%) 0.00 480
2019-11-01 $206,750 (-6.0%) $240,716 (-6.4%) 0.00 468
2019-12-01 $209,900 (-4.6%) $242,280 (-4.5%) 0.00 429
2020-01-01 $211,900 (0.2%) $242,466 (-1.1%) 0.00 388
2020-02-01 $209,000 (0.4%) $241,432 (-0.4%) 0.00 376
2020-03-01 $219,175 (1.2%) $247,323 (0.4%) 0.00 368
2020-04-01 $228,075 (4.1%) $254,556 (1.7%) 0.00 366
2020-05-01 $234,900 (7.9%) $256,278 (2.0%) 0.00 358
2020-06-01 $236,950 (7.7%) $264,067 (4.3%) 0.00 367
2020-07-01 $231,400 (7.4%) $256,704 (5.0%) 0.00 377
2020-08-01 $229,900 (8.4%) $256,582 (4.6%) 0.00 356
2020-09-01 $229,375 (7.3%) $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 (-3.3%) $239,769 (-0.4%) 0.00 308
2020-12-01 $199,900 (-4.8%) $241,218 (-0.4%) 0.00 285
2021-01-01 $199,500 (-5.9%) $236,943 (-2.3%) 0.00 247
2021-02-01 $209,000 (0.0%) $262,683 (8.8%) 0.00 227
2021-03-01 $224,250 (2.3%) $264,946 (7.1%) 0.00 215
2021-04-01 $237,450 (4.1%) $282,391 (10.9%) 0.00 204
2021-05-01 $249,900 (6.4%) $292,988 (14.3%) 0.00 180
2021-06-01 $267,450 (12.9%) $302,910 (14.7%) 0.00 205
2021-07-01 $249,900 (8.0%) $296,075 (15.3%) 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 (30.9%) 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 $321,008 (3.6%) $368,123 (11.1%) 0.00 176
2023-06-01 $314,925 (11.5%) $353,924 (11.4%) 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
2023-11-01 $310,000 (19.3%) $343,690 (16.5%) 0.00 252
2023-12-01 $310,000 (19.3%) $343,364 (15.2%) 0.00 236
2024-01-01 $316,250 (21.6%) $345,893 (14.8%) 0.00 214
2024-02-01 $324,250 (14.0%) $347,917 (11.6%) 0.00 199
2024-03-01 $330,950 (4.8%) $356,950 (7.1%) 0.00 189
2024-04-01 $340,044 (13.4%) $373,944 (13.2%) 0.00 213
2024-05-01 $342,861 (6.8%) $375,759 (2.1%) 0.00 230
2024-06-01 $349,000 (10.8%) $387,008 (9.4%) 0.00 242
2024-07-01 $329,000 (1.2%) $384,289 (6.2%) 0.00 253
2024-08-01 $336,450 (5.6%) $379,163 (6.0%) 0.00 254
2024-09-01 $329,450 (9.9%) $369,146 (5.1%) 0.00 254
2024-10-01 $319,650 (3.7%) $369,877 (7.6%) 0.00 253
GRAND FORKS's median listing price for 2024-10-01 was $319,650, a difference of $11,525 (3.7%) versus the prior year and $-9,800 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 2024-10-01 was $369,877, a difference of $26,010 (7.6%) versus the prior year and $731 versus the prior month.

For the 2024-10-01 period, GRAND FORKS had 253 MLS listings, a difference of -1 listings (0%) versus the prior month and -11 listings (-4%) 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 2,214 sqft
2018-02-01 0 days 2,223 sqft
2018-03-01 0 days 2,268 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 2,314 sqft
2018-08-01 0 days 2,300 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 2,114 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 2,102 sqft
2019-08-01 0 days 2,105 sqft
2019-09-01 0 days 2,109 sqft
2019-10-01 0 days 2,112 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 2,119 sqft
2020-05-01 0 days 2,112 sqft
2020-06-01 0 days 2,157 sqft
2020-07-01 0 days 2,158 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 2,120 sqft
2021-02-01 0 days 2,183 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 2,183 sqft
2023-06-01 0 days 2,267 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
2023-11-01 0 days 2,174 sqft
2023-12-01 0 days 2,178 sqft
2024-01-01 0 days 2,130 sqft
2024-02-01 0 days 2,111 sqft
2024-03-01 0 days 2,194 sqft
2024-04-01 0 days 2,165 sqft
2024-05-01 0 days 2,163 sqft
2024-06-01 0 days 2,256 sqft
2024-07-01 0 days 2,275 sqft
2024-08-01 0 days 2,223 sqft
2024-09-01 0 days 2,206 sqft
2024-10-01 0 days 2,282 sqft
GRAND FORKS's median listing age (time on market) for 2024-10-01 was 0 days.

GRAND FORKS's median square footage for active listings during the 2024-10-01 period was 2,282 sqft. One year prior, the average listing was 2,135 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 MSA $650 $730 $920 $1,320 $1,600
56523 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56535 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56540 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56542 Grand Forks, ND-MN MSA $680 $690 $880 $1,250 $1,500
56556 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56568 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56592 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56621 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56634 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56644 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56646 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56651 Grand Forks, ND-MN MSA $710 $730 $920 $1,310 $1,570
56684 Grand Forks, ND-MN MSA $640 $660 $840 $1,180 $1,430
56710 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56715 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56716 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56721 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56722 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56723 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56736 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56742 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56744 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56750 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
56762 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
58201 Grand Forks, ND-MN MSA $740 $770 $970 $1,380 $1,650
58202 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
58203 Grand Forks, ND-MN MSA $680 $690 $880 $1,250 $1,500
58204 Grand Forks, ND-MN MSA $1,030 $1,060 $1,340 $1,900 $2,280
58205 Grand Forks, ND-MN MSA $820 $900 $1,160 $1,640 $1,980
58206 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
58207 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
58208 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
58212 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
58214 Grand Forks, ND-MN MSA $660 $680 $870 $1,230 $1,480
58228 Grand Forks, ND-MN MSA $650 $670 $850 $1,210 $1,450
58231 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
58233 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
58235 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
58240 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
58244 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
58251 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
58256 Grand Forks, ND-MN MSA $780 $800 $1,010 $1,440 $1,720
58258 Grand Forks, ND-MN MSA $740 $790 $1,000 $1,430 $1,710
58261 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
58266 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
58267 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
58275 Grand Forks, ND-MN MSA $660 $680 $860 $1,220 $1,460
58278 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410

2022 Average & Median Rent Data Statistics
GRAND FORKS, ND-MN average 1BR rent: $690, median: $650
GRAND FORKS, ND-MN average 2BR rent: $878, median: $830
GRAND FORKS, ND-MN average 3BR rent: $1,242, median: $1,170

GRAND FORKS, ND-MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,000 $288,870,000 $288,870
Home Improvement 169 $10,575,000 $62,574
Refi 153 $59,545,000 $389,183
Other 124 $9,340,000 $75,323
Cash Out Refi 110 $17,040,000 $154,909

Grand Forks's most frequently cited loan purpose was Home Purchase, with 1,000 originations. The 2nd most popular reason was Home Improvement, with 169 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 503 $123,585,000 $245,696
Over 8% 285 $23,535,000 $82,579
7-8% 277 $73,245,000 $264,422
5-6% 231 $90,075,000 $389,935
3-4% 14 $2,190,000 $156,429
4-5% 12 $4,740,000 $395,000
2.5-3% 10 $16,250,000 $1,625,000
<2.5% 6 $550,000 $91,667

During 2023, Grand Forks's most frequently originated rate bucket was 6-7%, with 503 originations.

Loan Sizing (GRAND FORKS, ND-MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 491 $132,635,000 $270,132
$100,000 or less 483 $24,465,000 $50,652
$100k-200k 448 $67,440,000 $150,536
$400k-600k 103 $48,005,000 $466,068
$600k-1000k 17 $12,265,000 $721,471
$Over $1MM 14 $100,560,000 $7,182,857

GRAND FORKS's loan sizing saw the bucket of loans from $200k-400k with 491 originations, totaling $132,635,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 604 $144,950,000 $239,983
60-80% 237 $107,245,000 $452,511
Under 20% 215 $8,855,000 $41,186
20-40% 153 $13,685,000 $89,444
40-60% 95 $50,505,000 $531,632
Over 100% 32 $8,600,000 $268,750

GRAND FORKS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 604 originations, totaling $144,950,000 in origination value.