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 about Scout's Real Estate Data
With a population of 8,929, 3,461 total housing units (homes and apartments), and a median house value of $290,792, 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 64.09% 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 ( 25.18%), duplexes, homes converted to apartments or other small apartment buildings ( 5.29%), and a few row houses and other attached homes ( 3.64%).
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 66.89% of East Grand Forks's homes, and 51.81% 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 ( 27.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.97%). There's also some housing in East Grand Forks built before 1939 ( 11.31%).
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 42.51%, which is annualized rate of 3.61%. 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 6.58%, 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 -1.61%, which equates to an annual appreciation rate of -6.29%.
Notably, East Grand Forks's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Minnesota, our data show that East Grand Forks's latest annual appreciation rate is lower than 60% of the other cities and towns in Minnesota.
$290,792
for Minnesota
for nation
3,461
$1,154 / per month