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Grand Forks city, ND

ZIP 58203 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 58203

Median Home Value
$202,500
Median Rent
$856
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,301/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 58203 in Grand Forks city, ND, a household would need roughly $56,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,301. That is roughly in line with the local median household income ($57,905). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
44.0%-33% vs US avg
x
Vacancy Rate
11.7%+13% vs US avg
x
Broadband Access
84.0%-3% vs US avg
x
4+ Bedrooms
6.2%-58% vs US avg
x
Built Pre-1939
6.2%-51% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
44.7%+17% vs US avg
x
$202,500
Home Value
$856
Rent
1976
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached38.8%
  • 1-unit attached7.7%
  • 2-9 units17.7%
  • 10+ units29.5%
  • Mobile home & other6.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$202,500
Median rent$856
Owner-occupied44.0%
Vacant11.7%
Price-to-income3.5x
Est. income to buy$56,000