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Grand Forks County, ND

RANK #224 / 996 NAT  ·  POP 72,927

1YR FORECAST: +5.3%

5YR OUTLOOK: +31%

Our model projects above-average housing market growth for Grand Forks County at +5.3% over the next year.

[01] Why Grand Forks County?

Grand Forks County, North Dakota, is defined by its location at the confluence of the Red and Red Lake Rivers, a historical trading spot that gives the county seat, Grand Forks, its name. This area, part of the Red River Valley, offers a mix of urban and suburban living with access to extensive outdoor recreation. The Greenway, a 2,200-acre natural space in the heart of Grand Forks and East Grand Forks, Minnesota, provides over 20 miles of trails for biking, walking, and other year-round activities, alongside parks and fishing access. Commutes within the county are generally convenient, with Grand Forks serving as a central hub.

Life in Grand Forks County offers a community-oriented atmosphere with highly rated public schools. The economy is diverse, attracting families and professionals, including those connected to the Grand Forks Air Force Base. Key industries driving the economy include agribusiness, manufacturing, technology, and biomedical fields, with a notable focus on unmanned and autonomous systems. Recent developments also include investments in housing projects to support the growing community.

[02] Market Snapshot

Housing Ratio
3.8x

Undervalued relative to economy

GDP Growth
+5.0%

Well above national median

Home Prices
+7.1%

Outpacing national median

Climate & Terrain
-5.0

Harsh climate or flat terrain

Price/Rent
16x

Above national median (13x)

Housing looks undervalued at 3.8x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    University of North Dakota Education
    5,000+
  2. 2
    Altru Health System Healthcare
    2,500+
  3. 3
    Grand Forks Public Schools Education
    1,000+
  4. 4
    American Crystal Sugar Other
    250+
  5. 5
    Grand Forks Air Force Base Military
  6. 6
    LM Wind Power Manufacturing
  7. 7
    City of Grand Forks Government
  8. 8
    J.R. Simplot Company Other
  9. 9
    North Dakota Mill & Elevator Other
  10. 10
    Cirrus Aircraft Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Grand Forks County U.S. National

The Numbers

DEMOGRAPHICS
Population
72,927
-0.24% YoY
Median Household Income
$64,698
Median Home Value
$235,400
+7.09% 12mo
Median Rent
$941
Average Annual Pay
$59,530
+4.4% YoY
Employment
40,704
+2.1% YoY
Income-to-Home-Value
0.2748
More affordable than average
Migration Inflow
3.99%
of pop. from another state
Bachelor's Degree+
36.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Building Permits (2024)
182
Single-Family Permits
114

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.4
per 100K · nat avg 6.3
Firearm Fatalities
13.0
per 100K · nat avg 14.8
Injury Deaths
68.2
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$1,369M
TOTAL
PROJECT AMOUNT STATUS
Core Scientific Grand Forks Data Center
Core Scientific
$500M Operating
Agristo Potato Processing Facility
Agristo
$450M Planned
Prairie Wind Project
NextEra Energy Resources
$200M Proposed
Flickertail Wind Farm
PRC Wind (Minnkota Power Cooperative)
$100M Proposed
Nathan Twining Elementary and Middle School
Grand Forks Air Force Base and Grand Forks Public Schools
$69M Under Construction
Altru Indoor Sports and Aquatics Complex
Altru Health System
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +5.0% 84 percentile
Population Growth -0.2% 18 percentile
Income Growth +13.1% 98 percentile
Vacancy Rate 2.1% 7 percentile
Home Price Change +7.1% 98 percentile
Rent Growth +7.8% 93 percentile
Price/Rent 16x 23 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Grand Forks County, ND a good place to move to?

With a Boom Town Index score of 77/100, Grand Forks County sits in the upper half of all 996 ranked counties. Employment is expanding at +2.1%, and median household income stands at $64,698 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in ND.

Is Grand Forks County affordable?

Housing in Grand Forks County is roughly in line with national affordability norms. The median home costs $235,400 and the income-to-home-value ratio sits at 0.27, with rents averaging $941/month. Not a bargain, but not a stretch for most local earners either.

Is Grand Forks County growing or shrinking?

Employers in Grand Forks County are hiring — job growth of +2.1% — but the population is close to flat (-0.2% YoY). Home values moved +7.1% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Grand Forks County?

There's a moderate stream of newcomers. About 3.99% of residents moved from another state, which is above average and suggests Grand Forks County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Grand Forks County?

Home values climbed +7.1% year-over-year, which is a solid pace of appreciation. The median home in Grand Forks County is now valued at $235,400. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Ward County, ND 70 Burleigh County, ND 87 Cass County, ND 57 Raleigh County, WV 77 Erie County, OH 77 Roane County, TN 77 Calumet County, WI 77 Oconee County, SC 78