Department of Numbers

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 $812 in 2015 according to the Census ACS survey.1 Average gross rent in Grand Forks was $814 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Grand Forks median and average rent data will be released in September of 2017.

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.

Show dollars as: Nominal Real

Real Gross Rent in Grand Forks North Dakota (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
North Dakota Median Gross Rent $775 +6.90% +19.97%
Grand Forks, ND Median Gross Rent $812 +6.28% +22.29%

Grand Forks, ND Real Gross Rent Trends

At $812, real median gross rent in Grand Forks was at its highest level in 2015 since the series began in 2005. At $814, real average gross rent in Grand Forks was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Grand Forks: Grand Forks ND Median, Grand Forks ND Average, North Dakota Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Grand Forks

Date US
Median
North Dakota
Median
Grand Forks, ND
Median
Grand Forks, ND
Average
2015 $959 $775 $812 $814
2014 $930 $725 $764 $784
2013 $898 $685 $713 $724
2012 $886 $646 $664 $663
2011 $887 $637 $660 $626
2010 $901 $614 $673 $704
2009 $905 $606 $660 $673
2008 $920 $596 $677 $653
2007 $874 $571 $664 $645
2006 $883 $575 $632 $595
2005 $858 $564 $613 $588

Grand Forks Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Grand Forks North Dakota was 5.83% according to Census ACS data.

Rental Vacancy Rate in Grand Forks North Dakota

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
North Dakota 7.41% +0.99% +2.10%
Grand Forks, ND 5.83% +1.94% -0.29%

Trends in Grand Forks, ND Rental Vacancy Rate

The rental vacancy rate in Grand Forks peaked in 2013 at 8.18%. Since then it has fallen by 2.35% to 5.83%. Data records for this series originated in 2005.

Rental Vacancy Rate: Grand Forks ND, North Dakota, US

Rental vacancy rate in North Dakota

Historical Rental Vacancy Rate data for Grand Forks

Date US North Dakota Grand Forks, ND
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%
2008 7.86% 6.26% 7.69%
2007 7.87% 7.41%
2006 7.70% 5.81%
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 18.23% in 2015 according to the ACS.

Grand Forks North Dakota Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
North Dakota 15.36% +0.56% +0.94%
Grand Forks, ND 18.23% -0.31% +0.03%

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 2014 (relative to the 2005 series origin) at 18.55%. Since then it has fallen by 0.31% to 18.23%.

Fraction of Income towards Rent: Grand Forks ND, North Dakota, US

Percent of median household income going towards median monthly gross rent in Grand Forks North Dakota

Historical Data for Annual Rent as a Fraction of Income in Grand Forks North Dakota

Date US North Dakota Grand Forks, ND
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%
2008 19.00% 14.03% 15.59%
2007 18.66% 14.15% 16.38%
2006 18.90% 14.23% 16.09%
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 2015 44.91% of households were renters according to Census ACS data.

Grand Forks Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
North Dakota 38.32% +2.16% +3.35%
Grand Forks, ND 44.91% +2.87% +0.90%

Trends in the Grand Forks, ND Renter Fraction

At 44.91%, the 2015 household based renter fraction in Grand Forks was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Grand Forks ND, North Dakota, US

Fraction of renters in Grand Forks

History of Grand Forks Renter Fraction

Date US North Dakota Grand Forks, ND
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%
2008 33.36% 33.40% 38.12%
2007 32.80% 34.28% 37.63%
2006 32.73% 33.30% 38.26%
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.