menu



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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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 a population of 9,079, 3,561 total housing units (homes and apartments), and a median house value of $236,316, 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 63.09% 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 ( 29.13%), row houses and other attached homes ( 4.98%), and a few mobile homes or trailers ( 1.45%).

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 64.68% owning and 35.32% 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 ( 27.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.09%). There's also some housing in East Grand Forks built before 1939 ( 7.73%).

East Grand Forks Home Appreciation Rates

East Grand Forks's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in East Grand Forks during the period has been just 4.18%, which is lower than 80% of US communities.

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 5.53%, 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 0.88%, which equates to an annual appreciation rate of 3.57%.

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

$236,316

East Grand Forks, MN Home Prices
> $1,148,000
$861,001 - $1,148,000
$574,001 - $861,000
$459,001 - $574,000
$344,001 - $459,000
$230,001 - $344,000
$115,001 - $230,000
$57,001 - $115,000
$0 - $57,000
0.3%
0.3%
0.0%
0.0%
2.5%
2.5%
4.4%
4.4%
12.8%
12.8%
35.2%
35.2%
37.6%
37.6%
4.1%
4.1%
3.0%
3.0%
0% 100.0%
% of Homes
Low

for Minnesota

Average

for nation

Number of Homes And Apartments:

3,561

East Grand Forks Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,100 / per month

Homeownership Rate

Owners
Renters
Vacant
64.7%
64.7%
35.3%
35.3%
7.6%
7.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.1%
21.1%
43.5%
43.5%
27.7%
27.7%
7.7%
7.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.1%
63.1%
5.0%
5.0%
1.3%
1.3%
29.1%
29.1%
1.5%
1.5%
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
3.8%
3.8%
17.2%
17.2%
20.1%
20.1%
31.0%
31.0%
23.4%
23.4%
4.6%
4.6%
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