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