Grand Forks, ND

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Grand Forks short-term rental market based on reliable data.

Listings

66 / 131

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$24,251

Middle-Earners Revenue

Occupancy

63%

Middle-Earners Occupancy

Home Value

$286,976

Median Home Sale Price

Top Earners

$42,712

Top-Earners Revenue

Grand Forks

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Grand Forks.

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B

Generally Investor friendly

Grand Forks Regulations

Grand Forks explicitly allows short‑term rentals with a simple annual business‑license, modest fees, and no overall caps, but operators must meet zoning, safety, and tax‑registration requirements and occasionally undergo inspections. The city’s supportive tone and clear compliance pathway make it investor‑friendly, though some zones are restricted and tax‑compliance details can be mildly complex.

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About Grand Forks

Grand Forks is the 3rd most populous city in the U.S. state of North Dakota (after Fargo and Bismarck) and the county seat of Grand Forks County. According to the 2020 census, the city's population was 59,166. Grand Forks, along with its twin city of East Grand Forks, Minnesota, forms the center of the Grand Forks, ND-MN Metropolitan Statistical Area, which is often called Greater Grand Forks or the Grand Cities. Located on the western banks of the north-flowing Red River of the North, in a flat region known as the Red River Valley, the city is prone to flooding. The Red River Flood of 1997 devastated the city. Originally called Les Grandes Fourches by French fur traders from Canada, who had long worked and lived in the region, steamboat captain Alexander Griggs platted a community after being forced to winter there. The post office was established in 1870, and the town was incorporated on February 22, 1881. The city was named for its location at the fork of the Red River and the Red Lake River.Initially dependent on local agriculture, the city's economy has since broadened to include a wide variety of industries, including higher education, defense, health care, manufacturing, food processing, and scientific research. Grand Forks is served by Grand Forks International Airport and Grand Forks Air Force Base. The city's University of North Dakota is the oldest institution of higher education in the state. The Alerus Center and Ralph Engelstad Arena host athletic and other events, while the Empire Arts Center and Chester Fritz Auditorium are the city's largest cultural venues.

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