GRAND FORKS Mortgage Rates & Closing Costs

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    • 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.