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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Grand Forks, ND Housing Affordability Index

Grand Forks, North Dakota has an MBR Housing Affordability Index score of 94.4 (Near National Average) as of October 30, 2026, ranking 271st most affordable of 274 scored North Dakota cities, compared with 114.2 statewide and 97.4 nationally. On a median-priced $249,900 home with 20% down, the North Dakota average 30-year fixed rate of 7.28% means a monthly principal and interest payment of about $1,368, or 26% of the city’s $63,627 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Grand Forks is updated every night from live North Dakota mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Grand Forks MBR-HAI 94.4 Near National Average
Rank in North Dakota 271 of 274 1 = most affordable
North Dakota 114.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.28% North Dakota lenders
Median home value $249,900 U.S. Census Bureau

Grand Forks is 19.8 points below the North Dakota score. Scores as of October 30, 2026. See the North Dakota index

View Grand Forks Mortgage Rates

What It Takes to Buy in Grand Forks

$1,368/mo
Principal & Interest
Median home, 20% down, 7.28%
$58,600
Income Needed
To keep the payment at 28% of income
$63,627
Median Household Income
North Dakota: $76,657
3.9x
Price-to-Income Ratio
North Dakota: 3.3x
$1,252/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,221/yr
Median Property Tax
1.29% of median value
21.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
44.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Grand Forks, North Dakota. The rate is the North Dakota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Grand Forks Ranks in North Dakota

Least affordable in North Dakota
#270Sibley95.6
#271Grand Forks94.4
#272Fargo90.8 #273Milton81.9 #274Esmond62.6
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Cite the Grand Forks Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Grand Forks, North Dakota score: 94.4 (Near National Average), ranked 271 of 274 North Dakota cities. monitorbankrates.com/housing-affordability-index/north-dakota/grand-forks”