Grand Forks, ND-MN
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1987 Q3 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is grand forks on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +7.2%
nominal +7.2%
Five years
Five years real +16.7%
nominal +35.0%
Ten years
Ten years real +15.9%
nominal +51.5%
Twenty-five years
Twenty-five years real +67.3%
nominal +196.3%
Since 2000
Since 2000 real +70.5%
nominal +210.6%
2007 to 2012
crash, real −6.6%
2007Q4 to 2011Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 350.6 | 350.6 | real year on year +3.4% |
| 2025 Q4 | 339.0 | 339.0 | real year on year +3.7% |
| 2024 Q4 | 326.8 | 326.8 | real year on year +5.5% |
| 2023 Q4 | 300.8 | 309.7 | real year on year −4.5% |
| 2022 Q4 | 302.6 | 324.4 | real year on year +1.4% |
| 2021 Q4 | 276.3 | 319.9 | real year on year +4.9% |
| 2020 Q4 | 251.6 | 304.9 | real year on year +0.6% |
| 2019 Q4 | 247.0 | 303.0 | real year on year +0.8% |
| 2018 Q4 | 240.5 | 300.5 | real year on year −1.3% |
| 2017 Q4 | 237.9 | 304.4 | real year on year −1.0% |
| 2016 Q4 | 235.3 | 307.6 | real year on year +2.9% |
| 2015 Q4 | 225.8 | 298.9 | real year on year +4.4% |
| 2014 Q4 | 216.0 | 286.3 | real year on year +4.3% |
| 2013 Q4 | 203.8 | 274.4 | real year on year +8.0% |
| 2012 Q4 | 185.9 | 254.0 | real year on year +1.0% |
| 2011 Q4 | 180.3 | 251.5 | real year on year +0.6% |
| 2010 Q4 | 173.9 | 250.1 | real year on year −1.5% |
| 2009 Q4 | 173.7 | 253.9 | real year on year −0.2% |
| 2008 Q4 | 174.6 | 254.4 | real year on year −2.1% |
| 2007 Q4 | 171.8 | 259.8 | real year on year +1.5% |
| 2006 Q4 | 164.5 | 255.9 | real year on year −0.2% |
| 2005 Q4 | 159.7 | 256.6 | real year on year +6.1% |
| 2004 Q4 | 145.7 | 241.9 | real year on year +6.7% |
| 2003 Q4 | 133.0 | 226.7 | real year on year +3.8% |
| 2002 Q4 | 125.3 | 218.5 | real year on year +2.6% |
| 2001 Q4 | 120.2 | 212.9 | real year on year +1.4% |
| 2000 Q4 | 115.2 | 209.9 | real year on year +0.0% |
| 1999 Q4 | 111.5 | 209.9 | real year on year −3.3% |
| 1998 Q4 | 112.8 | 217.1 | real year on year −0.7% |
| 1997 Q4 | 111.9 | 218.7 | real year on year +4.9% |
| 1996 Q4 | 104.2 | 208.4 | real year on year −1.8% |
| 1995 Q4 | 103.1 | 212.2 | real year on year −0.5% |
| 1994 Q4 | 100.8 | 213.3 | real year on year +7.0% |
| 1993 Q4 | 91.8 | 199.3 | real year on year +4.5% |
| 1992 Q4 | 85.4 | 190.8 | real year on year +2.1% |
| 1991 Q4 | 81.2 | 187.0 | real year on year −1.7% |
| 1990 Q4 | 79.3 | 190.3 | real year on year −3.8% |
| 1989 Q4 | 78.2 | 197.8 | real year on year +2.7% |
| 1988 Q4 | 72.6 | 192.6 | real year on year −5.1% |
| 1987 Q4 | 73.5 | 202.9 | — |
2026 Q2351 · real 351real year on year +3.4%
2025 Q4339 · real 339real year on year +3.7%
2024 Q4327 · real 327real year on year +5.5%
2023 Q4301 · real 310real year on year −4.5%
2022 Q4303 · real 324real year on year +1.4%
2021 Q4276 · real 320real year on year +4.9%
2020 Q4252 · real 305real year on year +0.6%
2019 Q4247 · real 303real year on year +0.8%
2018 Q4241 · real 300real year on year −1.3%
2017 Q4238 · real 304real year on year −1.0%
2016 Q4235 · real 308real year on year +2.9%
2015 Q4226 · real 299real year on year +4.4%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 24220. Real terms by the World Bank's US consumer price index, annual.