Grand Forks North Dakota Residential Rent and Rental Statistics
The median monthly gross residential rent in Grand Forks, ND (the Grand Forks metro area) was $809 in 2019 according to the Census ACS survey.1 Average gross rent in Grand Forks was $814 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Grand Forks median and average rent data will be released in September of 2021.
Data is also available below for Grand Forks rental vacancy rates, Grand Forks rent as a percent of median income and the fraction of renters in Grand Forks.
Real Gross Rent in Grand Forks North Dakota (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| North Dakota Median Gross Rent | $804 | -2.31% | -1.11% |
| Grand Forks, ND Median Gross Rent | $809 | -2.06% | +0.75% |
Grand Forks, ND Real Gross Rent Trends
Median gross rent for Grand Forks peaked in real terms in 2015 at $861 and is now $52 (6.04%) lower. Average gross rent for Grand Forks peaked in real terms in 2018 at $881 and is now $67 (7.60%) lower.
Real Gross Rent in Grand Forks: Grand Forks ND Median, Grand Forks ND Average, North Dakota Median, US Median
Real Gross Rent History for Grand Forks
| Date | US Median |
North Dakota Median |
Grand Forks, ND Median |
Grand Forks, ND Average |
|---|---|---|---|---|
| 2019 | $1,097 | $804 | $809 | $814 |
| 2018 | $1,077 | $823 | $826 | $881 |
| 2017 | $1,043 | $809 | $751 | $790 |
| 2016 | $1,027 | $813 | $803 | $824 |
| 2015 | $1,017 | $822 | $861 | $864 |
| 2014 | $986 | $769 | $811 | $832 |
| 2013 | $953 | $727 | $756 | $768 |
| 2012 | $940 | $685 | $704 | $703 |
| 2011 | $941 | $676 | $700 | $664 |
| 2010 | $955 | $651 | $714 | $746 |
| 2009 | $960 | $643 | $700 | $713 |
| 2007 | $927 | $606 | $705 | $684 |
| 2005 | $910 | $599 | $650 | $624 |
Grand Forks Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Grand Forks North Dakota was 4.46% according to Census ACS data.
Rental Vacancy Rate in Grand Forks North Dakota
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| North Dakota | 8.04% | -2.71% | -1.63% |
| Grand Forks, ND | 4.46% | — | -4.49% |
Trends in Grand Forks, ND Rental Vacancy Rate
The rental vacancy rate in Grand Forks peaked in 2016 at 8.95%. Since then it has fallen by 4.49% to 4.46%. Data records for this series originated in 2005.
Rental Vacancy Rate: Grand Forks ND, North Dakota, US
Historical Rental Vacancy Rate data for Grand Forks
| Date | US | North Dakota | Grand Forks, ND |
|---|---|---|---|
| 2019 | 5.97% | 8.04% | 4.46% |
| 2018 | 6.15% | 10.75% | — |
| 2017 | 6.18% | 12.49% | 3.64% |
| 2016 | 5.89% | 9.67% | 8.95% |
| 2015 | 5.85% | 7.41% | 5.83% |
| 2014 | 6.32% | 6.42% | 3.89% |
| 2013 | 6.49% | 6.35% | 8.18% |
| 2012 | 6.77% | 5.31% | 6.12% |
| 2011 | 7.40% | 4.53% | 6.13% |
| 2010 | 8.17% | 6.39% | 7.90% |
| 2009 | 8.43% | 7.59% | 7.97% |
| 2007 | 7.87% | 7.41% | — |
| 2005 | 7.74% | 7.11% | 3.10% |
Rent as a Fraction of Income
Using median household income data for Grand Forks, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Grand Forks, median monthly gross rent as a fraction of median household income was 16.94% in 2019 according to the ACS.
Grand Forks North Dakota Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| North Dakota | 14.94% | -0.25% | -0.41% |
| Grand Forks, ND | 16.94% | -0.86% | -1.97% |
Trends in Grand Forks, ND Rent as a Fraction of Income
The fraction of median Grand Forks household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 18.91%. Since then it has fallen by 1.97% to 16.94%.
Fraction of Income towards Rent: Grand Forks ND, North Dakota, US
Historical Data for Annual Rent as a Fraction of Income in Grand Forks North Dakota
| Date | US | North Dakota | Grand Forks, ND |
|---|---|---|---|
| 2019 | 20.03% | 14.94% | 16.94% |
| 2018 | 20.50% | 15.19% | 17.80% |
| 2017 | 20.13% | 15.23% | 17.97% |
| 2016 | 20.43% | 15.35% | 18.91% |
| 2015 | 20.63% | 15.36% | 18.23% |
| 2014 | 20.89% | 14.80% | 18.55% |
| 2013 | 20.78% | 14.85% | 16.93% |
| 2012 | 20.65% | 14.42% | 18.20% |
| 2011 | 20.70% | 14.53% | 16.64% |
| 2010 | 20.50% | 14.37% | 16.65% |
| 2009 | 20.12% | 14.15% | 17.43% |
| 2007 | 18.66% | 14.15% | 16.38% |
| 2005 | 18.89% | 14.01% | 15.03% |
Renter Fraction in Grand Forks North Dakota
You can calculate the renter fraction in Grand Forks in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Grand Forks as a fraction of total Grand Forks households. In 2019 44.53% of households were renters according to Census ACS data.
Grand Forks Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| North Dakota | 38.67% | +1.13% | +1.88% |
| Grand Forks, ND | 44.53% | -0.16% | +1.48% |
Trends in the Grand Forks, ND Renter Fraction
The Grand Forks household renter fraction peaked in in 2017 at 48.29% and is now 3.76% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Grand Forks ND, North Dakota, US
History of Grand Forks Renter Fraction
| Date | US | North Dakota | Grand Forks, ND |
|---|---|---|---|
| 2019 | 35.89% | 38.67% | 44.53% |
| 2018 | 36.05% | 37.54% | 44.69% |
| 2017 | 36.13% | 36.59% | 48.29% |
| 2016 | 36.88% | 36.79% | 43.05% |
| 2015 | 36.97% | 38.32% | 44.91% |
| 2014 | 36.90% | 36.16% | 42.04% |
| 2013 | 36.50% | 35.17% | 42.78% |
| 2012 | 36.09% | 34.97% | 44.01% |
| 2011 | 35.42% | 34.29% | 41.05% |
| 2010 | 34.65% | 33.07% | 39.83% |
| 2009 | 34.13% | 34.00% | 44.44% |
| 2007 | 32.80% | 34.28% | 37.63% |
| 2005 | 33.10% | 32.52% | 37.39% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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