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 $728 in 2017 according to the Census ACS survey.1 Average gross rent in Grand Forks was $766 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Grand Forks median and average rent data will be released in September of 2019.

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 (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
North Dakota Median Gross Rent $785 -0.38% +5.37%
Grand Forks, ND Median Gross Rent $728 -6.55% -7.38%

Grand Forks, ND Real Gross Rent Trends

Median gross rent for Grand Forks peaked in real terms in 2015 at $835 and is now $107 (12.81%) lower. Average gross rent for Grand Forks peaked in real terms in 2015 at $837 and is now $71 (8.48%) lower.

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
2017 $1,012 $785 $728 $766
2016 $996 $788 $779 $799
2015 $987 $797 $835 $837
2014 $956 $745 $786 $807
2013 $924 $705 $733 $745
2012 $912 $664 $683 $682
2011 $912 $656 $679 $644
2010 $927 $632 $693 $724
2009 $931 $623 $679 $692
2008 $947 $613 $696 $672
2007 $899 $588 $684 $663
2006 $909 $592 $650 $612

Grand Forks Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Grand Forks North Dakota was 3.64% according to Census ACS data.

Rental Vacancy Rate in Grand Forks North Dakota

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
North Dakota 12.49% +2.82% +6.07%
Grand Forks, ND 3.64% -5.31% -0.25%

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 5.31% to 3.64%. 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
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%
2008 7.86% 6.26% 7.69%
2007 7.87% 7.41%
2006 7.70% 5.81%

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 17.97% in 2017 according to the ACS.

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

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
North Dakota 15.23% -0.12% +0.43%
Grand Forks, ND 17.97% -0.94% -0.57%

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 0.94% to 17.97%.

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
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%
2008 19.00% 14.03% 15.59%
2007 18.66% 14.15% 16.38%
2006 18.90% 14.23% 16.09%

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 2017 48.29% of households were renters according to Census ACS data.

Grand Forks Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
North Dakota 36.59% -0.20% +0.43%
Grand Forks, ND 48.29% +5.24% +6.25%

Trends in the Grand Forks, ND Renter Fraction

At 48.29%, the 2017 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
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%
2008 33.36% 33.40% 38.12%
2007 32.80% 34.28% 37.63%
2006 32.73% 33.30% 38.26%

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.