Is Grand Forks, ND a good place to invest in rental property?

Grand Forks, ND has a median modeled monthly cash flow of $-1,046 and a median cap rate of 2.7%, on a median sold price of $312,450. Prices changed +8.5% year over year.

What is the average cap rate in Grand Forks, ND?

The median cap rate across recently sold homes in Grand Forks, ND is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Grand Forks, ND?

The median sold price in Grand Forks, ND is $312,450 (about $242 per square foot).

Investing in Grand Forks, ND Real Estate

A data-driven snapshot of the Grand Forks, ND rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$312,450Median sold price

$242Median $/sqft

2.7%Median cap rate

$-1,046Modeled cash flow / mo

+8.5%Appreciation YoY

12.1Months of supply

580Active listings

574Sold (last 12 mo)

What the Grand Forks numbers say

In Grand Forks, ND, the median home sold for $312,450 (about $242 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-1,046 of monthly cash flow. Sold prices moved +8.5% over the past year. Inventory sits at about 12.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other North Dakota markets to compare

See Grand Forks cash-flowing listings

CashFlowRE ranks every for-sale home in Grand Forks, ND by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Grand Forks deals, or browse the national market data.