Compare Grand Forks, ND mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Grand Forks.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Grand Forks. Plus, shopping lenders is free and there is no obligation.
August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Grand Forks. Understand how much you need to earn to afford a home in Grand Forks, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Grand Forks fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Grand Forks is right for you.
The median home value for Grand Forks, ND is $252,936
Based on current mortgage rates and a 10% down payment, you need to make $52,767 per year to buy the median priced home in Grand Forks
With this income, you could qualify for a $227,642 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Grand Forks is $1,222
The median household income for Grand Forks, ND is $66,136
Based on this income, you can afford a home valued at approximately $317,021
The home price you can afford to buy based on household income in Grand Forks is 125% of the median home value which means housing prices are average. Grand Forks ranks 50 out of 53 counties in North Dakota and 2,412 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Grand Forks, ND is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Grand Forks below.
Conforming loan limits for Grand Forks, ND
FHA loan limits for Grand Forks, ND