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 6.49% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.4% and one month ago for the week of 2024-10-10, the average rate was 6.13%.

    Grand Forks's average rate one year ago was 7.11%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.68%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Grand Forks 30 Year Fixed Rate 2024-11-14 6.49%
    Grand Forks 30 Year Fixed Rate Refi 2024-11-14 6.68%
    Grand Forks 15 Year Fixed Rate 2024-11-14 6.09%
    Grand Forks 15 Year Fixed Rate Refi 2024-11-14 6.49%
    Grand Forks 30 Year FHA 2024-11-14 -0.24%
    Grand Forks 30 Year FHA Refi 2024-11-14 0%
    Grand Forks 30 Year USDA 2024-11-14 0%
    Grand Forks 30 Year USDA Refi 2024-11-14 -0.1%
    Grand Forks 30 Year VA 2024-11-14 -0.32%
    Grand Forks 30 Year VA Refi 2024-11-14 0.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GRAND FORKS, ND-MN.

    GRAND FORKS Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the GRAND FORKS, ND-MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

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

    GRAND FORKS Average Closing Costs & Other Stats

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

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

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

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

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

    GRAND FORKS, ND-MN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

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

    GRAND FORKS's top lender by overall market share is Bremer Bank, with 12.7% market share. In second place, with 12.2%, is Alerus Financial, having originated $47,200,000 in loans. In third place, with 11.3%, is Gate City Bank, having originated $43,510,000 in loans. In fourth place, with 6.5%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $25,070,000 in loans. In fifth place, with 5.1%, is Choice Financial Group, having originated $19,535,000 in loans.

    GRAND FORKS Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - GRAND FORKS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $237,350 (5.5%) $273,776 (5.2%) 0.00 368
    2018-02-01 $236,950 (5.4%) $272,224 (4.1%) 0.00 370
    2018-03-01 $249,500 (10.5%) $274,911 (3.5%) 0.00 388
    2018-04-01 $250,950 (8.0%) $282,320 (5.9%) 0.00 401
    2018-05-01 $259,675 (6.8%) $287,426 (5.4%) 0.00 428
    2018-06-01 $254,000 (5.3%) $280,172 (1.4%) 0.00 493
    2018-07-01 $245,000 (6.6%) $278,141 (2.1%) 0.00 507
    2018-08-01 $238,269 (3.8%) $272,520 (1.5%) 0.00 516
    2018-09-01 $225,000 (-4.2%) $264,301 (-3.3%) 0.00 517
    2018-10-01 $219,900 (-5.4%) $258,438 (-5.0%) 0.00 501
    2018-11-01 $219,900 (-6.4%) $257,171 (-5.2%) 0.00 481
    2018-12-01 $219,900 (-8.3%) $253,796 (-7.5%) 0.00 460
    2019-01-01 $211,500 (-10.9%) $245,148 (-10.5%) 0.00 413
    2019-02-01 $208,250 (-12.1%) $242,389 (-11.0%) 0.00 413
    2019-03-01 $216,657 (-13.2%) $246,456 (-10.4%) 0.00 439
    2019-04-01 $219,000 (-12.7%) $250,298 (-11.3%) 0.00 458
    2019-05-01 $217,650 (-16.2%) $251,230 (-12.6%) 0.00 480
    2019-06-01 $220,000 (-13.4%) $253,126 (-9.7%) 0.00 498
    2019-07-01 $215,450 (-12.1%) $244,430 (-12.1%) 0.00 482
    2019-08-01 $212,077 (-11.0%) $245,257 (-10.0%) 0.00 480
    2019-09-01 $213,693 (-5.0%) $247,055 (-6.5%) 0.00 484
    2019-10-01 $212,270 (-3.5%) $246,206 (-4.7%) 0.00 480
    2019-11-01 $206,750 (-6.0%) $240,716 (-6.4%) 0.00 468
    2019-12-01 $209,900 (-4.6%) $242,280 (-4.5%) 0.00 429
    2020-01-01 $211,900 (0.2%) $242,466 (-1.1%) 0.00 388
    2020-02-01 $209,000 (0.4%) $241,432 (-0.4%) 0.00 376
    2020-03-01 $219,175 (1.2%) $247,323 (0.4%) 0.00 368
    2020-04-01 $228,075 (4.1%) $254,556 (1.7%) 0.00 366
    2020-05-01 $234,900 (7.9%) $256,278 (2.0%) 0.00 358
    2020-06-01 $236,950 (7.7%) $264,067 (4.3%) 0.00 367
    2020-07-01 $231,400 (7.4%) $256,704 (5.0%) 0.00 377
    2020-08-01 $229,900 (8.4%) $256,582 (4.6%) 0.00 356
    2020-09-01 $229,375 (7.3%) $253,925 (2.8%) 0.00 342
    2020-10-01 $216,750 (2.1%) $249,396 (1.3%) 0.00 324
    2020-11-01 $199,900 (-3.3%) $239,769 (-0.4%) 0.00 308
    2020-12-01 $199,900 (-4.8%) $241,218 (-0.4%) 0.00 285
    2021-01-01 $199,500 (-5.9%) $236,943 (-2.3%) 0.00 247
    2021-02-01 $209,000 (0.0%) $262,683 (8.8%) 0.00 227
    2021-03-01 $224,250 (2.3%) $264,946 (7.1%) 0.00 215
    2021-04-01 $237,450 (4.1%) $282,391 (10.9%) 0.00 204
    2021-05-01 $249,900 (6.4%) $292,988 (14.3%) 0.00 180
    2021-06-01 $267,450 (12.9%) $302,910 (14.7%) 0.00 205
    2021-07-01 $249,900 (8.0%) $296,075 (15.3%) 0.00 204
    2021-08-01 $264,390 (15.0%) $289,628 (12.9%) 0.00 218
    2021-09-01 $276,985 (20.8%) $303,573 (19.6%) 0.00 230
    2021-10-01 $274,500 (26.6%) $300,440 (20.5%) 0.00 224
    2021-11-01 $285,000 (42.6%) $308,502 (28.7%) 0.00 215
    2021-12-01 $294,212 (47.2%) $315,129 (30.6%) 0.00 178
    2022-01-01 $297,425 (49.1%) $310,137 (30.9%) 0.00 163
    2022-02-01 $301,325 (44.2%) $305,529 (16.3%) 0.00 150
    2022-03-01 $320,003 (42.7%) $319,126 (20.5%) 0.00 146
    2022-04-01 $320,053 (34.8%) $321,326 (13.8%) 0.00 149
    2022-05-01 $309,900 (24.0%) $331,457 (13.1%) 0.00 167
    2022-06-01 $282,450 (5.6%) $317,670 (4.9%) 0.00 207
    2022-07-01 $269,900 (8.0%) $317,945 (7.4%) 0.00 251
    2022-08-01 $252,450 (-4.5%) $311,079 (7.4%) 0.00 249
    2022-09-01 $249,675 (-9.9%) $309,141 (1.8%) 0.00 235
    2022-10-01 $249,500 (-9.1%) $293,925 (-2.2%) 0.00 233
    2022-11-01 $259,900 (-8.8%) $295,066 (-4.4%) 0.00 238
    2022-12-01 $259,950 (-11.7%) $298,041 (-5.4%) 0.00 209
    2023-01-01 $260,000 (-12.6%) $301,392 (-2.8%) 0.00 198
    2023-02-01 $284,450 (-5.6%) $311,668 (2.0%) 0.00 166
    2023-03-01 $315,800 (-1.3%) $333,159 (4.4%) 0.00 166
    2023-04-01 $299,900 (-6.3%) $330,431 (2.8%) 0.00 166
    2023-05-01 $321,008 (3.6%) $368,123 (11.1%) 0.00 176
    2023-06-01 $314,925 (11.5%) $353,924 (11.4%) 0.00 207
    2023-07-01 $325,000 (20.4%) $361,802 (13.8%) 0.00 233
    2023-08-01 $318,675 (26.2%) $357,730 (15.0%) 0.00 238
    2023-09-01 $299,900 (20.1%) $351,138 (13.6%) 0.00 257
    2023-10-01 $308,125 (23.5%) $343,867 (17.0%) 0.00 264
    2023-11-01 $310,000 (19.3%) $343,690 (16.5%) 0.00 252
    2023-12-01 $310,000 (19.3%) $343,364 (15.2%) 0.00 236
    2024-01-01 $316,250 (21.6%) $345,893 (14.8%) 0.00 214
    2024-02-01 $324,250 (14.0%) $347,917 (11.6%) 0.00 199
    2024-03-01 $330,950 (4.8%) $356,950 (7.1%) 0.00 189
    2024-04-01 $340,044 (13.4%) $373,944 (13.2%) 0.00 213
    2024-05-01 $342,861 (6.8%) $375,759 (2.1%) 0.00 230
    2024-06-01 $349,000 (10.8%) $387,008 (9.4%) 0.00 242
    2024-07-01 $329,000 (1.2%) $384,289 (6.2%) 0.00 253
    2024-08-01 $336,450 (5.6%) $379,163 (6.0%) 0.00 254
    2024-09-01 $329,450 (9.9%) $369,146 (5.1%) 0.00 254
    2024-10-01 $319,650 (3.7%) $369,877 (7.6%) 0.00 253
    GRAND FORKS's median listing price for 2024-10-01 was $319,650, a difference of $11,525 (3.7%) versus the prior year and $-9,800 versus the prior month.

    GRAND FORKS's median listing price comes in at 0% of the national average.

    GRAND FORKS's average listing price for 2024-10-01 was $369,877, a difference of $26,010 (7.6%) versus the prior year and $731 versus the prior month.

    For the 2024-10-01 period, GRAND FORKS had 253 MLS listings, a difference of -1 listings (0%) versus the prior month and -11 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - GRAND FORKS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,214 sqft
    2018-02-01 0 days 2,223 sqft
    2018-03-01 0 days 2,268 sqft
    2018-04-01 0 days 2,320 sqft
    2018-05-01 0 days 2,340 sqft
    2018-06-01 0 days 2,336 sqft
    2018-07-01 0 days 2,314 sqft
    2018-08-01 0 days 2,300 sqft
    2018-09-01 0 days 2,262 sqft
    2018-10-01 0 days 2,258 sqft
    2018-11-01 0 days 2,233 sqft
    2018-12-01 0 days 2,180 sqft
    2019-01-01 0 days 2,173 sqft
    2019-02-01 0 days 2,114 sqft
    2019-03-01 0 days 2,114 sqft
    2019-04-01 0 days 2,114 sqft
    2019-05-01 0 days 2,120 sqft
    2019-06-01 0 days 2,144 sqft
    2019-07-01 0 days 2,102 sqft
    2019-08-01 0 days 2,105 sqft
    2019-09-01 0 days 2,109 sqft
    2019-10-01 0 days 2,112 sqft
    2019-11-01 0 days 2,108 sqft
    2019-12-01 0 days 2,088 sqft
    2020-01-01 0 days 2,075 sqft
    2020-02-01 0 days 2,031 sqft
    2020-03-01 0 days 2,087 sqft
    2020-04-01 0 days 2,119 sqft
    2020-05-01 0 days 2,112 sqft
    2020-06-01 0 days 2,157 sqft
    2020-07-01 0 days 2,158 sqft
    2020-08-01 0 days 2,160 sqft
    2020-09-01 0 days 2,182 sqft
    2020-10-01 0 days 2,184 sqft
    2020-11-01 0 days 2,180 sqft
    2020-12-01 0 days 2,181 sqft
    2021-01-01 0 days 2,120 sqft
    2021-02-01 0 days 2,183 sqft
    2021-03-01 0 days 2,183 sqft
    2021-04-01 0 days 2,183 sqft
    2021-05-01 0 days 2,184 sqft
    2021-06-01 0 days 2,200 sqft
    2021-07-01 0 days 2,160 sqft
    2021-08-01 0 days 2,176 sqft
    2021-09-01 0 days 2,171 sqft
    2021-10-01 0 days 2,042 sqft
    2021-11-01 0 days 2,042 sqft
    2021-12-01 0 days 2,042 sqft
    2022-01-01 0 days 2,042 sqft
    2022-02-01 0 days 2,042 sqft
    2022-03-01 0 days 2,042 sqft
    2022-04-01 0 days 2,042 sqft
    2022-05-01 0 days 2,042 sqft
    2022-06-01 0 days 2,042 sqft
    2022-07-01 0 days 2,042 sqft
    2022-08-01 0 days 2,042 sqft
    2022-09-01 0 days 2,042 sqft
    2022-10-01 0 days 2,042 sqft
    2022-11-01 0 days 2,106 sqft
    2022-12-01 0 days 2,114 sqft
    2023-01-01 0 days 2,074 sqft
    2023-02-01 0 days 2,098 sqft
    2023-03-01 0 days 2,125 sqft
    2023-04-01 0 days 2,168 sqft
    2023-05-01 0 days 2,183 sqft
    2023-06-01 0 days 2,267 sqft
    2023-07-01 0 days 2,311 sqft
    2023-08-01 0 days 2,216 sqft
    2023-09-01 0 days 2,184 sqft
    2023-10-01 0 days 2,135 sqft
    2023-11-01 0 days 2,174 sqft
    2023-12-01 0 days 2,178 sqft
    2024-01-01 0 days 2,130 sqft
    2024-02-01 0 days 2,111 sqft
    2024-03-01 0 days 2,194 sqft
    2024-04-01 0 days 2,165 sqft
    2024-05-01 0 days 2,163 sqft
    2024-06-01 0 days 2,256 sqft
    2024-07-01 0 days 2,275 sqft
    2024-08-01 0 days 2,223 sqft
    2024-09-01 0 days 2,206 sqft
    2024-10-01 0 days 2,282 sqft
    GRAND FORKS's median listing age (time on market) for 2024-10-01 was 0 days.

    GRAND FORKS's median square footage for active listings during the 2024-10-01 period was 2,282 sqft. One year prior, the average listing was 2,135 sqft.

    GRAND FORKS, ND-MN Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    56517 Grand Forks, ND-MN MSA $650 $730 $920 $1,320 $1,600
    56523 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56535 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56540 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56542 Grand Forks, ND-MN MSA $680 $690 $880 $1,250 $1,500
    56556 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56568 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56592 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56621 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56634 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56644 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56646 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56651 Grand Forks, ND-MN MSA $710 $730 $920 $1,310 $1,570
    56684 Grand Forks, ND-MN MSA $640 $660 $840 $1,180 $1,430
    56710 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56715 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56716 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56721 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56722 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56723 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56736 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56742 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56744 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56750 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    56762 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    58201 Grand Forks, ND-MN MSA $740 $770 $970 $1,380 $1,650
    58202 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
    58203 Grand Forks, ND-MN MSA $680 $690 $880 $1,250 $1,500
    58204 Grand Forks, ND-MN MSA $1,030 $1,060 $1,340 $1,900 $2,280
    58205 Grand Forks, ND-MN MSA $820 $900 $1,160 $1,640 $1,980
    58206 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
    58207 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
    58208 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
    58212 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    58214 Grand Forks, ND-MN MSA $660 $680 $870 $1,230 $1,480
    58228 Grand Forks, ND-MN MSA $650 $670 $850 $1,210 $1,450
    58231 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
    58233 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
    58235 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
    58240 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    58244 Grand Forks, ND-MN MSA $700 $720 $910 $1,290 $1,550
    58251 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    58256 Grand Forks, ND-MN MSA $780 $800 $1,010 $1,440 $1,720
    58258 Grand Forks, ND-MN MSA $740 $790 $1,000 $1,430 $1,710
    58261 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    58266 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    58267 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410
    58275 Grand Forks, ND-MN MSA $660 $680 $860 $1,220 $1,460
    58278 Grand Forks, ND-MN MSA $630 $650 $830 $1,170 $1,410

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

    GRAND FORKS, ND-MN Market Loan Reason

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

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

    Interest Rate Frequencies

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

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

    Loan Sizing (GRAND FORKS, ND-MN MSA)

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

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

    LTV Distribution

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

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