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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 8,643, 3,484 total housing units (homes and apartments), and a median house value of $180,086, East Grand Forks real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in East Grand Forks, accounting for 60.51% 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 ( 23.98%), duplexes, homes converted to apartments or other small apartment buildings ( 6.57%), and a few row houses and other attached homes ( 5.03%).
The most prevalent building size and type in East Grand Forks are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.86% owning and 36.14% renting.
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 ( 32.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.39%). There's also some housing in East Grand Forks built before 1939 ( 4.79%).
In the last 10 years, East Grand Forks has experienced some of the highest home appreciation rates of any community in the nation. East Grand Forks real estate appreciated 37.33% over the last ten years, which is an average annual home appreciation rate of 3.22%, putting East Grand Forks in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, East Grand Forks definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in East Grand Forks that despite a nationwide downturn in the housing market, East Grand Forks real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, East Grand Forks appreciation rates continue to be some of the highest in America, at 7.55%, which is higher than appreciation rates in 84.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in East Grand Forks. East Grand Forks appreciation rates in the latest quarter were at 3.63%, which equates to an annual appreciation rate of 15.35%.
Importantly, this makes East Grand Forks one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Minnesota, our data show that East Grand Forks's latest annual appreciation rate is higher than 90% of the other cities and towns in Minnesota.
|$927,001 - $1,236,000||0.0|
|$618,001 - $927,000||0.5|
|$495,001 - $618,000||0.8|
|$371,001 - $495,000||3.7|
|$247,001 - $371,000||22.7|
|$124,001 - $247,000||56.2|
|$62,001 - $124,000||8.2|
|$0 - $62,000||7.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF East Grand Forks HOMES|
|2000 or Newer||13.4|
|1970 - 1999||49.7|
|1940 - 1969||32.1|
|1939 or Older||4.8|
|TYPE OF East Grand Forks HOMES|
|Small Apt. Buildings||6.6|
|SIZE OF East Grand Forks HOMES|
|5 or more bedrooms||6.52|