RENTAL MARKET DATA
Regional Rental Rates
Local Data - Property Currently Available
Inventory
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.
Local Data - Property Soon to be Available
Multifamily Units (permits)
Please visit www.gfplanning.weebly.com for information on projects now under review, newly approved projects and recently completed projects
Units Approved by Planning Department
2013: 1159 2014 (through May): 252 |
Units Approved by Building Inspections
2013: 830 2014 (through May): 263 |
Anticipated Projects
2014: 500+ units |