Rental Market Data

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Regional Market Data 

Regional Gross Rent

  

 

Median Gross Rent in Grand Forks 

US Census American FactFinder

2007        $594

2008        $616

2009        $634

2010        $632

2011        $658

2012        $673

 


 Property Currently Available

As a college town, the availability of rental units in Grand Forks drops with the student influx in the fall and rises with the exodus in the summer.  This is reflected in the vacancy rate data below -- surveys are done in February when UND is in full session and in July during summer vacation.  While the seasonal swings are normal, the recent low vacancy rates are not.  The local rate typically averaged 5½-6% but it recently slipped below 3%.  For available rental units, search locally here.

Feb_2014_Vacancy_Rates
This data provided courtesy of the Greater Grand Forks Apartment Association.

  

 Private_Vacancy_2014

Public_Vacancy_2014 


Property Soon to be Available

Multifamily Units (permits)

To view more information on multifamily projects now under review, newly approved projects and recently completed projects, visit the Planning & Community Development Department's page.

Units Permitted by Building Inspections

2013:   830

2014: 685 YTD 

Units Under Construction

2014 YTD:  500 + units

Anticipated Projects

2014:   200 +

MF_Permits_2014 

2014 Information is current through October 2014. 

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