GRAND FORKS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Grand Forks averaged
6.68%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.81% and
one month ago for the week of 2023-02-09, the
average rate was 6.1%.
Grand Forks's average rate one year ago was 3.73%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.39%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Grand Forks 30 Year Fixed Rate | 2023-03-16 | 6.68% |
Grand Forks 30 Year Fixed Rate Refi | 2023-03-16 | 6.39% |
Grand Forks 15 Year Fixed Rate | 2023-03-16 | 6.35% |
Grand Forks 15 Year Fixed Rate Refi | 2023-03-16 | 6.22% |
Grand Forks 30 Year FHA | 2023-03-16 | 6.44% |
Grand Forks 30 Year FHA Refi | 2023-03-16 | 6.32% |
Grand Forks 30 Year USDA | 2023-03-16 | 6.14% |
Grand Forks 30 Year USDA Refi | 2023-03-16 | 6.42% |
Grand Forks 30 Year VA | 2023-03-16 | 6.39% |
Grand Forks 30 Year VA Refi | 2023-03-16 | 6.21% |
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 95 lenders originated 3,535
loans during 2021. The total origination value was $758,585,000, with an average loan value of
$214,593.
GRAND FORKS's average closing costs are $4,598.
The top GRAND FORKS lender as defined by loan originations is Gate City Bank, with
237 loans originated. Their average total fees are
$4,602, which is $125
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee GRAND FORKS lenders (with over 10 loans originated) are
Wells Fargo Bank ($2,749), First International Bank & Trust ($2,796), TCF National Bank ($3,031), U.S. Bank ($3,042) and The Huntington National Bank ($3,280).
The lowest rate GRAND FORKS lenders (with over 10 loans originated) are
Bank Forward (2.78%), Gate City Bank (2.78%), TCF National Bank (2.89%), Alerus Financial (2.91%) and Merchants Bank (2.91%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
Gate City Bank | $105,800,000 | $105,495,000 | -0.3% | 13.9% |
UNITED WHOLESALE MORTGAGE, LLC | $54,975,000 | $84,780,000 | 54.2% | 11.2% |
Bremer Bank | $72,820,000 | $61,560,000 | -15.5% | 8.1% |
Alerus Financial | $52,680,000 | $56,105,000 | 6.5% | 7.4% |
QUICKEN LOANS, LLC | $32,125,000 | $40,715,000 | 26.7% | 5.4% |
Barrington Bank & Trust Company, N.A. | $31,855,000 | $34,065,000 | 6.9% | 4.5% |
Frandsen Bank & Trust | $36,165,000 | $29,285,000 | -19.0% | 3.9% |
Florida Capital Bank | $51,630,000 | $24,775,000 | -52.0% | 3.3% |
U.S. Bank | $19,010,000 | $22,960,000 | 20.8% | 3.0% |
FIRST COMMUNITY CREDIT UNION | $14,715,000 | $20,275,000 | 37.8% | 2.7% |
GREYSTONE SERVICING COMPANY LLC | $19,830,000 | n/a | 2.6% | |
Choice Financial Group | $21,795,000 | $18,270,000 | -16.2% | 2.4% |
American Federal Bank | $32,235,000 | $17,085,000 | -47.0% | 2.3% |
Wells Fargo Bank | $14,110,000 | $16,730,000 | 18.6% | 2.2% |
First International Bank & Trust | $13,700,000 | $16,220,000 | 18.4% | 2.1% |
FREEDOM MORTGAGE CORPORATION | $17,315,000 | $15,820,000 | -8.6% | 2.1% |
Mortgage Research Center, LLC | $9,020,000 | $13,180,000 | 46.1% | 1.7% |
The Huntington National Bank | $10,410,000 | n/a | 1.4% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $9,900,000 | $9,275,000 | -6.3% | 1.2% |
Merchants Bank | $11,275,000 | $7,015,000 | -37.8% | 0.9% |
Bank Forward | $17,925,000 | $6,830,000 | -61.9% | 0.9% |
TCF National Bank | $22,190,000 | $6,675,000 | -69.9% | 0.9% |
LOANDEPOT.COM, LLC | $5,925,000 | $6,600,000 | 11.4% | 0.9% |
USAA Federal Savings Bank | $8,590,000 | $6,245,000 | -27.3% | 0.8% |
PENNYMAC LOAN SERVICES, LLC | $840,000 | $5,640,000 | 571.4% | 0.7% |
Bell Bank | $4,620,000 | $5,410,000 | 17.1% | 0.7% |
CALIBER HOME LOANS, INC. | $5,010,000 | $5,170,000 | 3.2% | 0.7% |
AMERISAVE MORTGAGE CORPORATION | $2,200,000 | $4,970,000 | 125.9% | 0.7% |
Unity Bank | $1,805,000 | $4,255,000 | 135.7% | 0.6% |
CRESCENT MORTGAGE COMPANY | $1,470,000 | $4,100,000 | 178.9% | 0.5% |
BETTER MORTGAGE CORPORATION | $1,710,000 | $3,580,000 | 109.4% | 0.5% |
Mr. Cooper ( Nationstar Mortgage ) | $4,835,000 | $2,835,000 | -41.4% | 0.4% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $1,985,000 | $2,810,000 | 41.6% | 0.4% |
NAVY FEDERAL CREDIT UNION | $2,290,000 | $2,640,000 | 15.3% | 0.3% |
GUARANTEED RATE, INC. | $775,000 | $2,330,000 | 200.6% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $1,600,000 | $2,180,000 | 36.3% | 0.3% |
Security First Bank of North Dakota | $1,955,000 | $2,055,000 | 5.1% | 0.3% |
NEWREZ LLC | $300,000 | $2,030,000 | 576.7% | 0.3% |
CAPITAL CREDIT UNION | $1,425,000 | $2,020,000 | 41.8% | 0.3% |
VALLEY MORTGAGE, INC. | $3,230,000 | $1,935,000 | -40.1% | 0.3% |
PENTAGON FEDERAL CREDIT UNION | $665,000 | $1,930,000 | 190.2% | 0.3% |
BROKER SOLUTIONS, INC. | $1,610,000 | $1,875,000 | 16.5% | 0.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $655,000 | $1,705,000 | 160.3% | 0.2% |
North American Savings Bank, F.S.B. | $1,445,000 | $1,640,000 | 13.5% | 0.2% |
The Federal Savings Bank | $2,340,000 | $1,610,000 | -31.2% | 0.2% |
First Guaranty Mortgage Corporation | $985,000 | $1,420,000 | 44.2% | 0.2% |
Union State Bank of Fargo | $3,005,000 | $1,390,000 | -53.7% | 0.2% |
Western State Bank | $2,650,000 | $1,340,000 | -49.4% | 0.2% |
First Western Bank & Trust | $510,000 | $1,260,000 | 147.1% | 0.2% |
Flagstar Bank, FSB | $830,000 | $1,205,000 | 45.2% | 0.2% |
Servion, Inc. | $825,000 | $1,135,000 | 37.6% | 0.1% |
AFFINITY PLUS | $2,375,000 | $1,125,000 | -52.6% | 0.1% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,220,000 | $935,000 | -23.4% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $940,000 | $885,000 | -5.9% | 0.1% |
HOME POINT FINANCIAL CORPORATION | $1,550,000 | $880,000 | -43.2% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $600,000 | $870,000 | 45.0% | 0.1% |
Lend Smart Mortgage, LLC | $755,000 | $870,000 | 15.2% | 0.1% |
TOWN AND COUNTRY Credit Union | $1,385,000 | $830,000 | -40.1% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $225,000 | $800,000 | 255.6% | 0.1% |
Wyndham Capital Mortgage, Inc. | $365,000 | $780,000 | 113.7% | 0.1% |
PLANET HOME LENDING, LLC | $645,000 | $765,000 | 18.6% | 0.1% |
NBKC BANK | $1,245,000 | $730,000 | -41.4% | 0.1% |
EVERETT FINANCIAL, INC. | $675,000 | $700,000 | 3.7% | 0.1% |
WALKER & DUNLOP, LLC | $675,000 | n/a | 0.1% | |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $415,000 | $670,000 | 61.4% | 0.1% |
MID AMERICA MORTGAGE, INC. | $295,000 | $665,000 | 125.4% | 0.1% |
WINGS FINANCIAL | $120,000 | $650,000 | 441.7% | 0.1% |
THRIVENT Federal Credit Union | $635,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $605,000 | $625,000 | 3.3% | 0.1% |
JPMorgan Chase Bank | $1,560,000 | $620,000 | -60.3% | 0.1% |
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $610,000 | n/a | 0.1% | |
Hometown Lenders, Inc. | $605,000 | n/a | 0.1% | |
RESULTS MORTGAGE, LLC | $565,000 | n/a | 0.1% | |
Cambria Financial Group, LLC | $125,000 | $550,000 | 340.0% | 0.1% |
KS StateBank | $545,000 | n/a | 0.1% | |
Discover Bank | $35,000 | $535,000 | 1,428.6% | 0.1% |
Citibank | $530,000 | n/a | 0.1% | |
HOMESIDE FINANCIAL, LLC | $530,000 | n/a | 0.1% | |
Axos Bank | $355,000 | $520,000 | 46.5% | 0.1% |
SIRVA MORTGAGE, INC. | $490,000 | n/a | 0.1% | |
Think Mutual Bank | $305,000 | $490,000 | 60.7% | 0.1% |
Goldwater Bank, N.A. | $465,000 | n/a | 0.1% | |
21ST MORTGAGE CORPORATION | $590,000 | $435,000 | -26.3% | 0.1% |
DATA MORTGAGE, INC. | $425,000 | n/a | 0.1% | |
Kirkwood Bank & Trust Co. | $390,000 | $405,000 | 3.8% | 0.1% |
MOVEMENT MORTGAGE, LLC | $310,000 | $395,000 | 27.4% | 0.1% |
Low VA Rates, LLC | $795,000 | $370,000 | -53.5% | 0.0% |
Lincoln Savings Bank | $365,000 | n/a | 0.0% | |
RiverWood Bank | $515,000 | $365,000 | -29.1% | 0.0% |
Plains Commerce Bank | $330,000 | $355,000 | 7.6% | 0.0% |
Bank of England | $345,000 | $345,000 | 0.0% | 0.0% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $440,000 | $340,000 | -22.7% | 0.0% |
LENDERFI, INC. | $320,000 | n/a | 0.0% | |
BMO Harris Bank | $305,000 | n/a | 0.0% | |
FIRST COMMUNITY MORTGAGE, INC. | $305,000 | n/a | 0.0% | |
Service Federal Credit Union | $305,000 | n/a | 0.0% | |
VAN DYK MORTGAGE CORPORATION | $295,000 | $305,000 | 3.4% | 0.0% |
Ally Bank | $335,000 | $280,000 | -16.4% | 0.0% |
Deere Employees Credit Union | $275,000 | n/a | 0.0% | |
CMG MORTGAGE, INC. | $265,000 | n/a | 0.0% | |
Community First National Bank | $255,000 | $265,000 | 3.9% | 0.0% |
HOMESTAR FINANCIAL CORPORATION | $255,000 | n/a | 0.0% | |
The Central Trust Bank | $255,000 | n/a | 0.0% | |
FINANCE OF AMERICA MORTGAGE LLC | $205,000 | $250,000 | 22.0% | 0.0% |
Loan Simple, Inc. | $245,000 | n/a | 0.0% | |
SUN WEST MORTGAGE COMPANY, INC. | $185,000 | $245,000 | 32.4% | 0.0% |
First National Bank of Omaha | $235,000 | n/a | 0.0% | |
PNC Bank | $235,000 | n/a | 0.0% | |
STEARNS LENDING, LLC | $235,000 | n/a | 0.0% | |
TOWNE MORTGAGE COMPANY | $235,000 | n/a | 0.0% | |
VILLAGE CAPITAL & INVESTMENT LLC | $340,000 | $230,000 | -32.4% | 0.0% |
Dakota Community Bank & Trust | $175,000 | $225,000 | 28.6% | 0.0% |
Devon Bank | $225,000 | n/a | 0.0% | |
EMBRACE HOME LOANS, INC. | $430,000 | $225,000 | -47.7% | 0.0% |
First Savings Bank | $255,000 | $225,000 | -11.8% | 0.0% |
Gateway First Bank | $225,000 | n/a | 0.0% | |
Nations Lending Corporation | $225,000 | n/a | 0.0% | |
CHERRY CREEK MORTGAGE, LLC | $215,000 | n/a | 0.0% | |
First Midwest Bank | $215,000 | n/a | 0.0% | |
Starion Bank | $195,000 | $215,000 | 10.3% | 0.0% |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $210,000 | n/a | 0.0% | |
AgCountry Farm Credit Services, FLCA | $205,000 | n/a | 0.0% | |
PROVIDENT FUNDING ASSOCIATES, L.P. | $205,000 | n/a | 0.0% | |
BANKWEST, INC. | $200,000 | n/a | 0.0% | |
ACCELERATE MORTGAGE, LLC | $195,000 | n/a | 0.0% | |
NORTHROP GRUMMAN Federal Credit Union | $265,000 | $195,000 | -26.4% | 0.0% |
Paramount Bank | $195,000 | n/a | 0.0% | |
American National Bank of Minnesota | $185,000 | n/a | 0.0% | |
BAY EQUITY LLC | $185,000 | $185,000 | 0.0% | 0.0% |
BNY Mellon | $185,000 | n/a | 0.0% | |
PARKSIDE LENDING, LLC | $185,000 | n/a | 0.0% | |
Chartwell Financial, LLC | $180,000 | $175,000 | -2.8% | 0.0% |
Liberty Savings Bank, F.S.B. | $845,000 | $175,000 | -79.3% | 0.0% |
American Mortgage & Equity Consultants, Inc. | $440,000 | $165,000 | -62.5% | 0.0% |
Bank of America | $115,000 | $165,000 | 43.5% | 0.0% |
BNC National Bank | $165,000 | n/a | 0.0% | |
Carrington Mortgage Services, LLC | $165,000 | n/a | 0.0% | |
Chicago Mortgage Solutions LLC | $165,000 | n/a | 0.0% | |
AMERICAN FINANCING CORPORATION | $245,000 | $155,000 | -36.7% | 0.0% |
Black Hills Community Bank | $155,000 | n/a | 0.0% | |
LONGBRIDGE FINANCIAL, LLC | $155,000 | n/a | 0.0% | |
TOTAL MORTGAGE SERVICES, LLC | $155,000 | n/a | 0.0% | |
Washington Trust Bank | $155,000 | n/a | 0.0% | |
ZILLOW HOME LOANS, LLC | $155,000 | n/a | 0.0% | |
Deerwood Bank | $150,000 | n/a | 0.0% | |
Figure Lending LLC | $145,000 | $150,000 | 3.4% | 0.0% |
HIWAY | $790,000 | $145,000 | -81.6% | 0.0% |
FINANCE OF AMERICA REVERSE LLC | $135,000 | n/a | 0.0% | |
Citizens Bank | $350,000 | $125,000 | -64.3% | 0.0% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $115,000 | n/a | 0.0% | |
North Shore Bank of Commerce | $115,000 | n/a | 0.0% | |
HANCOCK MORTGAGE PARTNERS, LLC | $110,000 | n/a | 0.0% | |
LIMA ONE CAPITAL, LLC | $95,000 | n/a | 0.0% | |
Dacotah Bank | $3,060,000 | $85,000 | -97.2% | 0.0% |
First Federal Bank | $815,000 | $85,000 | -89.6% | 0.0% |
Watermark Capital, Inc. | $85,000 | n/a | 0.0% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $275,000 | $75,000 | -72.7% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $75,000 | n/a | 0.0% | |
NUMARK CREDIT UNION | $145,000 | $55,000 | -62.1% | 0.0% |
MEMBERS COOPERATIVE | $45,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $150,000 | $35,000 | -76.7% | 0.0% |
GRAND FORKS's top lender by overall market share is Gate City Bank, with 13.9% market share. In second place, with 11.2%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $84,780,000 in loans. In third place, with 8.1%, is Bremer Bank, having originated $61,560,000 in loans. In fourth place, with 7.4%, is Alerus Financial, having originated $56,105,000 in loans. In fifth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $40,715,000 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%) | $246,543 (-10.3%) | 0.00 | 439 |
2019-04-01 | $219,000 (-12.7%) | $250,310 (-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 |
GRAND FORKS's median listing price comes in at 0% of the national average.
GRAND FORKS's average listing price for 2023-02-01 was $311,668, a difference of $6,139 (2.0%) versus the prior year and $10,276 versus the prior month.
For the 2023-02-01 period, GRAND FORKS had 166 MLS listings, a difference of -32 listings (-16%) versus the prior month and 16 listings (11%) 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 |
GRAND FORKS's median square footage for active listings during the 2023-02-01 period was 2,098 sqft. One year prior, the average listing was 2,042 sqft.
GRAND FORKS, ND-MN Average Rent (2022)
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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 | 1,470 | $337,820,000 | $229,810 |
Refi | 1,264 | $291,310,000 | $230,467 |
Cash Out Refi | 551 | $105,295,000 | $191,098 |
Other | 126 | $12,150,000 | $96,429 |
Home Improvement | 124 | $12,010,000 | $96,855 |
Grand Forks's most frequently cited loan purpose was Home Purchase, with 1,470 originations. The 2nd most popular reason was Refi, with 1,264 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 1,458 | $336,410,000 | $230,734 |
3-4% | 921 | $186,305,000 | $202,286 |
<2.5% | 867 | $190,765,000 | $220,029 |
4-5% | 120 | $15,270,000 | $127,250 |
5-6% | 33 | $2,275,000 | $68,939 |
6-7% | 10 | $460,000 | $46,000 |
7-8% | 8 | $760,000 | $95,000 |
Over 8% | 8 | $430,000 | $53,750 |
During 2021, Grand Forks's most frequently originated rate bucket was 2.5-3%, with 1,458 originations.
Loan Sizing (GRAND FORKS, ND-MN MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 1,448 | $220,490,000 | $152,272 |
$200k-400k | 1,355 | $361,635,000 | $266,889 |
$100,000 or less | 540 | $32,520,000 | $60,222 |
$400k-600k | 138 | $64,640,000 | $468,406 |
$600k-1000k | 42 | $30,660,000 | $730,000 |
$Over $1MM | 12 | $48,640,000 | $4,053,333 |
GRAND FORKS's loan sizing saw the bucket of loans from $100k-200k with 1,448 originations, totaling $220,490,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 1,423 | $343,595,000 | $241,458 |
60-80% | 1,155 | $265,775,000 | $230,108 |
40-60% | 341 | $59,055,000 | $173,182 |
20-40% | 171 | $15,525,000 | $90,789 |
Under 20% | 157 | $6,765,000 | $43,089 |
Over 100% | 59 | $15,975,000 | $270,763 |
GRAND FORKS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,423 originations, totaling $343,595,000 in origination value.