Cities with the most expensive homes in the Grand Forks metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Grand Forks metro area using data from . Charts show the monthly typical home value since January 2018. All 27 cities and towns with data available were included in the list.

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#27. Winger, MN

- Typical home value: $151,109
- 1-year price change: +7.9%
- 5-year price change: +45.9%

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#26. Alvarado, MN

- Typical home value: $171,923
- 1-year price change: +0.8%
- 5-year price change: -4.3%

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#25. Oslo, MN

- Typical home value: $173,753
- 1-year price change: +6.8%
- 5-year price change: -1.0%

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#24. Ada, MN

- Typical home value: $180,945
- 1-year price change: +8.6%
- 5-year price change: +35.5%

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#23. Warren, MN

- Typical home value: $185,263
- 1-year price change: +2.5%
- 5-year price change: -0.1%

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#22. Crookston, MN

- Typical home value: $190,266
- 1-year price change: +4.1%
- 5-year price change: +17.1%

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#21. Oklee, MN

- Typical home value: $198,002
- 1-year price change: +7.9%
- 5-year price change: +11.1%

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#20. McIntosh, MN

- Typical home value: $208,049
- 1-year price change: +6.1%
- 5-year price change: +35.9%

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#19. Climax, MN

- Typical home value: $217,931
- 1-year price change: +5.7%
- 5-year price change: +20.6%

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#18. Lengby, MN

- Typical home value: $221,586
- 1-year price change: +5.0%
- 5-year price change: +16.7%

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#17. Hatton, ND

- Typical home value: $222,290
- 1-year price change: +11.5%
- 5-year price change: +4.6%

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#16. Larimore, ND

- Typical home value: $225,101
- 1-year price change: +11.5%
- 5-year price change: +14.6%

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#15. Fosston, MN

- Typical home value: $229,478
- 1-year price change: +6.6%
- 5-year price change: +32.2%

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#14. Emerado, ND

- Typical home value: $237,935
- 1-year price change: +14.3%
- 5-year price change: +7.6%

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#13. Fertile, MN

- Typical home value: $248,678
- 1-year price change: +7.2%
- 5-year price change: +27.5%

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#12. Northwood, ND

- Typical home value: $254,352
- 1-year price change: +11.2%
- 5-year price change: -0.5%

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#11. Reynolds, ND

- Typical home value: $265,974
- 1-year price change: +17.3%
- 5-year price change: +5.6%

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#10. Euclid, MN

- Typical home value: $267,347
- 1-year price change: +2.8%
- 5-year price change: +24.7%

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#9. Trail, MN

- Typical home value: $273,008
- 1-year price change: +1.7%
- 5-year price change: data not available

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#8. Fisher, MN

- Typical home value: $273,383
- 1-year price change: +5.7%
- 5-year price change: +28.6%

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#7. Manvel, ND

- Typical home value: $278,361
- 1-year price change: +12.8%
- 5-year price change: -2.6%

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#6. East Grand Forks, MN

- Typical home value: $297,460
- 1-year price change: +6.4%
- 5-year price change: +23.2%

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#5. Grand Forks, ND

- Typical home value: $304,143
- 1-year price change: +7.6%
- 5-year price change: +26.8%

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#4. Erskine, MN

- Typical home value: $311,962
- 1-year price change: +9.0%
- 5-year price change: +38.9%

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#3. Gully, MN

- Typical home value: $314,133
- 1-year price change: +8.5%
- 5-year price change: +41.1%

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#2. Mentor, MN

- Typical home value: $342,184
- 1-year price change: +7.7%
- 5-year price change: +31.2%

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#1. Thompson, ND

- Typical home value: $394,333
- 1-year price change: +10.2%
- 5-year price change: +9.7%

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