Median Home Price
$276,329.24
Median Rent
$1,150.81/mo
Price-to-Rent RatioBETTER
20.0
Property Tax RateTIE
0.98%
Price Change (1Y)BETTER
+6.4%
Price Change (5Y)BETTER
+32.1%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$43,029
Median Home PriceBETTER
$272,771.95
Median RentBETTER
$1,018.42/mo
Price-to-Rent Ratio
22.3
Property Tax RateTIE
0.98%
Price Change (1Y)
+3.2%
Price Change (5Y)
+15.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$170,308
Key Differences
Home Prices
Grand Forks's median home price of $276,329.24 is higher than Minot's $272,771.95 by 1%.
Monthly Rent
Renting in Grand Forks costs $1,150.81/mo compared to $1,018.42/mo in Minot—a difference of $132.39/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.