What is the median home value in Grand Rapids, MN?
The median value of owner-occupied homes in Grand Rapids, MN is $213,800 (±$14,438), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Grand Rapids, the median home value went from $151,300 in 2015–2019 to $213,800 in 2020–2024 (+41.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $213,800 (±$14,438)
- Owner-occupied homes
- 2,923 (±246)
- Most common range
- $200,000 to $299,999
Home values in Grand Rapids
| Value | Grand Rapids | Itasca County | Minnesota | United States |
|---|---|---|---|---|
| Less than $50,000 | 3.5% (±2.3 points) | 6.4% | 4.0% | 5.3% |
| $50,000 to $99,999 | 3.5% (±1.7 points) | 7.3% | 3.7% | 6.1% |
| $100,000 to $149,999 | 12.8% (±4.1 points) | 12.9% | 5.2% | 6.8% |
| $150,000 to $199,999 | 24.7% (±5.5 points) | 16.2% | 8.1% | 9.0% |
| $200,000 to $299,999 | 33.4% (±5.6 points) | 24.5% | 22.6% | 17.8% |
| $300,000 to $499,999 | 20.6% (±4.1 points) | 22.0% | 36.9% | 26.9% |
| $500,000 to $999,999 | 1.4% (±1.1 points) | 9.1% | 17.0% | 20.9% |
| $1,000,000 or more | 0.0% (±0.8 points) | 1.6% | 2.6% | 7.1% |
The most common range is $200,000 to $299,999, 33.4% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Grand Rapids against Itasca County, its state and the nation
| Grand Rapids | Itasca County | Minnesota | United States | |
|---|---|---|---|---|
| Median home value | $213,800 (±$14,438) | $225,200 (±$6,215) | $329,300 (±$903) | $332,700 |
| Owner-occupied homes | 2,923 (±246) | 15,396 (±436) | 1,666,687 (±7,556) | 84,210,142 |
In Grand Rapids, the median home value is not measurably different from Itasca County ($225,200).
It is also lower than in Minnesota ($329,300).
It is lower than the national figure ($332,700).
In Itasca County, Grand Rapids ranks 27 of 50 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 1705 of 2,558.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Grand Rapids have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $151,300 (±$9,512) | $213,800 (±$14,438) | +41.3% | Up after inflation |
| Median owner cost with a mortgage | $1,138 (±$65) | $1,431 (±$68) | +25.7% | No measurable change after inflation |
| Median real estate taxes | $1,484 (±$158) | $2,485 (±$173) | +67.5% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Grand Rapids
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Grand Rapids | — | $213,800 (±$14,438) | — |
| La Prairie | 2.0 mi | $212,800 (±$31,309) | Not measurably different |
| Coleraine | 3.9 mi | $211,800 (±$16,057) | Not measurably different |
| Harris Township | 5.5 mi | $301,800 (±$39,964) | Higher |
| Arbo Township | 5.8 mi | $263,700 (±$60,761) | Not measurably different |
| Cohasset | 6.2 mi | $330,500 (±$50,690) | Higher |
| Trout Lake Township | 7.0 mi | $260,000 (±$52,353) | Not measurably different |
| Bovey | 7.3 mi | $122,800 (±$19,194) | Lower |
| Blackberry Township | 8.9 mi | $246,800 (±$24,630) | Higher |
Nearby places with a measurably lower figure: Bovey, MN ($122,800).
Nearby places with a measurably higher figure: Harris Township, MN ($301,800), Cohasset, MN ($330,500), Blackberry Township, MN ($246,800).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Itasca County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 21 (tie) | Grattan Township | $225,000 (±$74,025) |
| 21 (tie) | Spang Township | $225,000 (±$41,993) |
| 23 | Carpenter Township | $222,500 (±$16,774) |
| 24 | Taconite | $219,600 (±$29,270) |
| 25 (tie) | Deer River Township | $218,800 (±$25,316) |
| 25 (tie) | Good Hope Township (Itasca County) | $218,800 (±$67,213) |
| 27 | Grand Rapids | $213,800 (±$14,438) |
| 28 | La Prairie | $212,800 (±$31,309) |
| 29 | Coleraine | $211,800 (±$16,057) |
| 30 | Morse Township (Itasca County) | $211,700 (±$22,251) |
| 31 | Sago Township | $205,800 (±$47,312) |
| 32 | Lawrence Township (Itasca County) | $201,200 (±$64,915) |
| 33 (tie) | Bigfork Township | $200,000 (±$50,283) |
Showing 13 of 50 places in Itasca County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Grand Rapids
What is the average home value in Grand Rapids, MN?
The Census Bureau publishes the median: $213,800 (±$14,438) for owner-occupied homes in Grand Rapids (2020–2024 American Community Survey).
Have home values in Grand Rapids gone up?
In Grand Rapids, the median home value went from $151,300 in 2015–2019 to $213,800 in 2020–2024 (+41.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in Grand Rapids sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Grand Rapids city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Grand Rapids city, Minnesota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Grand Rapids city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Grand Rapids city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Grand Rapids city, Minnesota (place:25118, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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