Grand Rapids, MN Housing Market
Cool MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Grand Rapids, MN metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $330K
- Median days on market
- 39 days
- Months of supply
- 4.7
- Active inventory
- 183
- Homes sold
- 39
- Sale-to-list ratio
- 99.1%
- Listings with price drop
- 14.8%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Balanced
- Buyer leverage
- Medium
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Cool Market
Buyer activity is slowing, creating more negotiating room.
Grand Rapids, MN market summary
The Grand Rapids, MN metro area housing market is cooling down. As of May 2026, the median home sale price is $330K, up 28.2% year-over-year. Homes are spending a median of 39 days on the market, 15.2% shorter than a year ago.
There are 183 homes for sale — 0.0% fewer than last year. With 4.7 months of supply, this is a balanced market. 104 new listings were added during this period, up 7.2% year-over-year.
Homes are selling for 99.1% of their list price on average, suggesting room for negotiation. 35.9% of homes sell above their asking price. 14.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
64
Contributing Factors
How This Market Compares
vs. National Median
vs. Minnesota Median
Investor takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 27% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Grand Rapids, MN market trends
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Detailed market metrics
Median list price
$340K
Price per sq ft
$160
Sale-to-list ratio
99.1%
Months of supply
4.7
Sold above list
35.9%
Price drops
14.8%
New listings
104
↑ 7.2% YoY
Pending sales
74
Off market in 2 weeks
54.0%
Grand Rapids, MN housing market FAQs
What is the median home price in Grand Rapids, MN?
For the latest published month, the median sale price in Grand Rapids, MN is $330K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Grand Rapids, MN a buyer's or seller's market?
With about 4.7 months of supply, the market is often closer to balanced — neither extreme scarcity nor extreme surplus.
How long do homes stay on the market in Grand Rapids, MN?
For the latest published month, the median days on market in Grand Rapids, MN is 39 days — half of homes went pending faster and half slower.
Is Grand Rapids, MN good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Grand Rapids, MN can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Grand Rapids, MN?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Grand Rapids, MN deals.
Compare more Minnesota metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Minneapolis, MN
$400K · 22d on market
Rochester, MN
$350K · 18d on market
St. Cloud, MN
$308K · 23d on market
Brainerd, MN
$350K · 35d on market
Faribault, MN
$382K · 28d on market
Fergus Falls, MN
$245K · 27d on market
Red Wing, MN
$330K · 33d on market
Owatonna, MN
$287K · 15d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Grand Rapids, MN deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.