GRAND FORKS Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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)
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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.