Grand Forks, ND Real Estate
According to census data in the year 2000 there were 20,830 housing units in Grand Forks.
This represents a 6.3% growth from 19,589 in 1990.
Of those housing units, 20,751 were located in either urbanized areas or urban clusters, and 79 were located in what is classified as a rural area.
Homeownership rate in Grand Forks is about 50.5%.
Grand Forks's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Grand Forks were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 18.90% |
| Two Bedrooms | 36% |
| Three Bedrooms | 25.60% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $96,300 |
| Median Price asked for vacant units | $113,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.88 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $470 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 9.60% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 47.90% |
| Debt Free | 28.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
