Markets/North Dakota/Grand Forks

Grand Forks, ND-MN Real Estate Market 2026

Investor-grade market analytics for Grand Forks, North Dakota. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$282,435

+7.3% year-over-year

Est. Rental Yield

4.9%

gross annual

12-Month Forecast

-5.9%

base case (Zillow ZHVF)

-5.9% year-over-year

Income Migration

📉 Wealth Drain0.90x

In-migrants avg $50,454 AGI vs out-migrants $56,321

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Opportunity Zone Market

8 ZIP codes in Grand Forks are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Grand Forks Market Summary

Grand Forks, ND-MN is experiencing strong growth with 7.3% year-over-year appreciation, indicating a seller's market with robust demand. Affordability remains favorable with a price-to-income ratio of 4.11x, below the national average of 4.8x. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 4.88% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score84/100
Price-to-Income Ratio4.1x (national avg 4.8x)
Median Household Income$68,653

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-8.8%
Base Case-5.9%
Bull Case-2.9%

Climate & Natural Hazard Risk

Grand Forks, ND-MN's primary climate exposure is wind storms (50/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Grand Forks dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.