House Prices

House Prices & Home Values Grand Rapids, MN 2026


Average Data

average house price$247,045
average size per house2262 ft²
average price per ft²110 $ / ft²

04/05/2026 - The value range (VR) for house prices in Grand Rapids, MN is $140/ sqft to $140/ sqft. An average home with 2262 sqft costs approximately $316,680 to $316,680. Grand Rapids, MN includes 1 ZIP codes and it is located in Itasca county. The lowest prices are found in ZIP 55744, while the highest are in ZIP 55744. The average price per sqare feet is $110. Our analysis is based on 18 property listings.

Avergage prices by ZIP codes Grand Rapids

55744152 $ / ft²




Historical development of home values in Grand Rapids

Year Estimated value (USD) Change vs. 2025
2010 $114,732 -53.6%
2011 $110,295 -55.4%
2012 $109,998 -55.5%
2013 $114,110 -53.8%
2014 $119,784 -51.5%
2015 $125,932 -49.0%
2016 $132,504 -46.4%
2017 $139,655 -43.5%
2018 $147,376 -40.3%
2019 $154,210 -37.6%
2020 $162,182 -34.4%
2021 $184,464 -25.3%
2022 $215,044 -13.0%
2023 $226,774 -8.2%
2024 $239,893 -2.9%
2025 $247,045 0.0%

Graph: estimated home values in Grand Rapids over time (USD)



Example: 100% financing house in Grand Rapids

Loan amount: $247,045

Interest rate: 6.00%

Fixed monthly payment: $1,481.16

Breakdown in the 1st month:
Interest portion: $1,235.23  –  Principal portion: $245.93

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,740.17 $3,033.74 $244,011.26
2 $14,553.06 $3,220.86 $240,790.40
3 $14,354.40 $3,419.51 $237,370.89
4 $14,143.50 $3,630.42 $233,740.47
5 $13,919.58 $3,854.34 $229,886.14
6 $13,681.85 $4,092.06 $225,794.07
7 $13,429.46 $4,344.45 $221,449.62
8 $13,161.51 $4,612.41 $216,837.21
9 $12,877.02 $4,896.89 $211,940.32
10 $12,574.99 $5,198.92 $206,741.40
11 $12,254.34 $5,519.58 $201,221.82
12 $11,913.90 $5,860.02 $195,361.80
13 $11,552.47 $6,221.45 $189,140.36
14 $11,168.74 $6,605.17 $182,535.18
15 $10,761.35 $7,012.57 $175,522.62
16 $10,328.83 $7,445.09 $168,077.53
17 $9,869.63 $7,904.28 $160,173.25
18 $9,382.11 $8,391.80 $151,781.45
19 $8,864.53 $8,909.39 $142,872.06
20 $8,315.01 $9,458.90 $133,413.16
21 $7,731.61 $10,042.30 $123,370.85
22 $7,112.22 $10,661.69 $112,709.16
23 $6,454.63 $11,319.28 $101,389.88
24 $5,756.48 $12,017.43 $89,372.45
25 $5,015.28 $12,758.64 $76,613.81
26 $4,228.35 $13,545.56 $63,068.25
27 $3,392.89 $14,381.03 $48,687.22
28 $2,505.90 $15,268.02 $33,419.21
29 $1,564.20 $16,209.71 $17,209.49
30 $564.42 $17,209.49 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Grand Rapids, MN


1500 sqft3900 sqft
Ø selling price$199,651$424,711
Ø fast selling$181,501$382,240
Ø high price sale$217,801$467,182

In 2026, houses in Grand Rapids, MN will be offered at an average price of $110 per square foot. A 1,500 sqft home priced at $199,651 is 24.96% more expensive per square foot than a 3,900 sqft home priced at $424,711. Home prices in Grand Rapids, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $294,030. Sellers who can wait longer may achieve a higher price of up to $359,370.


Explore Grand Rapids, MN

Overview

Grand Rapids, MN is a scenic city on the Mississippi River in Itasca County, known for its Northwoods charm and year-round recreation.
This northern Minnesota hub blends logging heritage with modern amenities, making Grand Rapids Minnesota a welcoming base for outdoor adventures and cultural experiences.

Outdoor Recreation

From boating and fishing on Pokegama Lake to hiking, biking, and winter snowmobiling on groomed trails, the area delivers four-season fun.
Visitors can paddle stretches of the Mississippi River, spot wildlife in nearby forests, and explore the living-history exhibits at the Forest History Center.
Families searching for things to do in Grand Rapids MN will also find beaches, public parks, and easy access to scenic byways for leaf-peeping drives.

Arts and Culture

The city celebrates its heritage at the Judy Garland Museum, while the Reif Performing Arts Center hosts concerts, theater, and community events in Grand Rapids MN.
Downtown showcases murals, galleries, and shops that pair well with craft brews and live music.
Seasonal festivals, markets, and the Itasca County Fair keep the calendar packed with family-friendly activities.

Where to Eat and Stay

Choose from cozy cabins, waterfront resorts, and convenient Grand Rapids MN hotels close to trails and lakes.
After a day outside, refuel at local Grand Rapids Minnesota restaurants serving walleye, wild rice dishes, and farm-to-table flavors.



FAQ – Home Values in Grand Rapids

What is the median home value in Grand Rapids in 2026?

In 2026, the typical home value in Grand Rapids is about $247,045 for an average home size of 2262 square feet. This corresponds to an average price of roughly $110 per square foot.

What is the average cost per square foot in Grand Rapids?

In 2026, homes in Grand Rapids sell for an average of around $110 per square foot, with a typical range between $140 and $140 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Grand Rapids is about 2262 square feet, with an estimated 2026 value around $247,045.



Locations close to Grand Rapids, MN

Hibbing, MN72 $ / ft²
Hill City, MN113 $ / ft²
Holyoke, MN68 $ / ft²
Goodland, MN138 $ / ft²
Gilbert, MN123 $ / ft²
Forbes, MN52 $ / ft²
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