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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



East Grand Forks, MN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

East Grand Forks, MN Housing Market Trends

With 9,045 people, 3,371 houses or apartments, and a median cost of homes of $281,344, East Grand Forks real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in East Grand Forks, accounting for 64.69% of the city's housing units. Other types of housing that are prevalent in East Grand Forks include large apartment complexes or high rise apartments ( 28.18%), row houses and other attached homes ( 3.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Grand Forks. Owner-occupied housing accounts for 67.12% of East Grand Forks's homes, and 52.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in East Grand Forks built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in East Grand Forks built between 1940-1969 ( 30.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.23%). There's also some housing in East Grand Forks built before 1939 ( 8.50%).

East Grand Forks Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in East Grand Forks, where house values have increased just 44.78%, which is annualized rate of 3.77%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, East Grand Forks appreciation rates have trailed the rest of the nation. In the last twelve months, East Grand Forks's appreciation rate has been 3.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Grand Forks were at 0.87%, which equates to an annual appreciation rate of 3.55%.

Relative to Minnesota, our data show that East Grand Forks's latest annual appreciation rate is lower than 70% of the other cities and towns in Minnesota.

Average Home Values

Median Home Value

$281,344

East Grand Forks, MN Home Prices
> $1,181,000
$886,001 - $1,181,000
$591,001 - $886,000
$472,001 - $591,000
$354,001 - $472,000
$237,001 - $354,000
$118,001 - $237,000
$59,001 - $118,000
$0 - $59,000
0.3%
0.3%
0.0%
0.0%
3.9%
3.9%
6.8%
6.8%
12.5%
12.5%
47.7%
47.7%
21.6%
21.6%
3.2%
3.2%
4.1%
4.1%
0% 100.0%
% of Homes
Average

for Minnesota

Average

for nation

Number of Homes And Apartments:

3,371

East Grand Forks Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,139 / per month

Homeownership Rate

Owners
Renters
67.1%
67.1%
32.9%
32.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.5%
7.5%
92.5%
92.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.2%
21.2%
39.3%
39.3%
31.0%
31.0%
8.5%
8.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.7%
64.7%
3.2%
3.2%
2.6%
2.6%
28.2%
28.2%
1.4%
1.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.0%
5.0%
14.0%
14.0%
23.1%
23.1%
28.2%
28.2%
24.3%
24.3%
5.3%
5.3%
0% 100.0%
% of Homes

Popular Neighborhoods in East Grand Forks

Popular Communities Near East Grand Forks, MN

Zip Codes in East Grand Forks, MN