Metro area index
Home appreciation in the Grand Forks, ND-MN metro area
FHFA HPI® data shows the Grand Forks, ND-MN metro area's all-transactions index changed +7.2% over the year to Q2 2026, versus +4.7% for North Dakota and +3.0% for the U.S. That ranks 39th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +7.2%
- 5-year change
- +35.0%
- Since Q1 1995
- +251%
- Metro rank (1 year)
- 39th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Grand Forks, ND-MN vs North Dakota and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Grand Forks, ND-MN: 350.7
- North Dakota: 392.9
- United States: 391.6
Appreciation by time window
| Window | Metro | ND | U.S. | Gap vs ND | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +7.2% | +4.7% | +3.0% | +2.5 pts | +4.1 pts |
| 3 years | +16.7% | +14.8% | +12.9% | +1.9 pts | +3.9 pts |
| 5 years | +35.0% | +35.5% | +41.3% | −0.5 pts | −6.3 pts |
| 10 years | +51.5% | +53.0% | +93.3% | −1.6 pts | −41.9 pts |
| Since Q1 1995 | +251% | +293% | +292% | −42.3 pts | −40.9 pts |
3-digit ZIP regions in the Grand Forks, ND-MN area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 582 · Grand Forks, ND area | ND | +5.6% | +35.4% | +254% | 69% |
| 567 · East Grand Forks, MN area | MN | +3.8% | +42.5% | +286% | 32% |
Boom, bust, and recovery in Grand Forks, ND-MN area
Grand Forks, ND-MN area's index peaked in Q1 2009, fell 1.3% to its low in Q2 2010, and regained its peak in Q3 2010, about 1.5 years after the top. Today it sits +100% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2009 | Q2 2010 | -1.3% | Q3 2010 (1.5 yrs) | +100% |
| ND | Q4 2009 | — | No meaningful drop | — | +114% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Grand Forks, ND-MN area's index has changed +58.4% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | ND after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +3.2% | +0.8% | -0.8% |
| 3 years | +9.8% | +6.3% | +4.6% | +2.8% |
| 5 years | +24.0% | +8.9% | +9.3% | +13.9% |
| 10 years | +39.1% | +8.9% | +10.0% | +39.0% |
| Since Q1 1995 | +121% | +58.4% | +77.5% | +76.8% |
If you bought in the Grand Forks, ND-MN area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +253% | $1,059,259 |
| Q2 2000 | +212% | $934,568 |
| Q2 2005 | +131% | $693,853 |
| Q2 2010 | +103% | $609,049 |
| Q2 2015 | +58.7% | $475,952 |
| Q2 2020 | +42.2% | $426,582 |
| Q2 2021 | +35.0% | $405,126 |
| Q2 2023 | +16.7% | $350,206 |
| Q2 2025 | +7.2% | $321,520 |
Frequently asked questions
- How much have home prices risen in the Grand Forks, ND-MN area?
- FHFA HPI® data for the Grand Forks, ND-MN metro area shows changes of +7.2% over one year, +35.0% over five years, and +51.5% over ten years to Q2 2026, and +251% since Q1 1995.
- Is the Grand Forks, ND-MN area beating the national average?
- Over the past year the metro's index moved +4.1 pts versus the U.S.; over five years the gap is −6.3 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.