How much is a home worth in ZIP code 58203?

The typical home in 58203 is worth $239,199, based on the Zillow Home Value Index.

Are home values rising in 58203?

Home values in 58203 are up 7.8% over the past year, and up 5.2% a year over five years.

What is the typical rent in 58203?

A typical home in 58203 rents for about $1,090 a month, a gross rental yield of 5.5%.

What is the property tax rate in 58203?

The effective property tax rate in 58203 is 1.1% — roughly $2,538 a year on a typical home.

ZIP code 58203 has a population of 16,478 and a median household income of $60,474.

HousingHandbookReference data

…

U.S. ZIP Code · ND58203

Grand Forks County · Grand Forks, ND-MN

Typical home value

$239,199^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +7.8%
5-year / yr: +5.2%
10-year / yr: +3.0%

Relative price

vs U.S.: -15.8%
vs metro: -1.1%
vs state: -1.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 58203 is worth $239,199 — 1.1% below the Grand Forks, ND-MN median. Over the past year, values have risen 7.8%. Homes here rent for a typical $1,090 a month — a 5.5% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,090^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $2,538^[3]

#Climate risk

FEMA National Risk Index ratings for Grand Forks County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Very Low
Heat wave: Very Low
Hurricane: Not Applicable
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Very High

#Who lives here

Population: 16,478^[3]
Median household income: $60,474^[3]

#Migration

Household moves in and out of Grand Forks County over a year, from IRS tax-return data.

Net migration: -157^[5]
Moved in: 2,412
Moved out: 2,569

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 3
Middle: 1
High: 2

CENTRAL HIGH SCHOOL
High · Grades 9–12 · GRAND FORKS 1
1,091 students
VALLEY MIDDLE SCHOOL
Middle · Grades 6–8 · GRAND FORKS 1
503 students
LAKE AGASSIZ ELEMENTARY SCHOOL
Elementary · Grades PK–5 · GRAND FORKS 1
384 students
WINSHIP ELEMENTARY SCHOOL
Elementary · Grades PK–5 · GRAND FORKS 1
217 students
WILDER ELEMENTARY SCHOOL
Elementary · Grades PK–5 · GRAND FORKS 1
179 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$13,085

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,210

Loan principal$191,359

Down payment$47,840

Total interest paid$244,068

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.49

Monthly cost to own$1,620

Monthly rent$1,090

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 57th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 86th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

1st for highest rental yield in NDView list →

Frequently asked

How much is a home worth in ZIP code 58203?: The typical home in 58203 is worth $239,199, based on the Zillow Home Value Index.
Are home values rising in 58203?: Home values in 58203 are up 7.8% over the past year, and up 5.2% a year over five years.
What is the typical rent in 58203?: A typical home in 58203 rents for about $1,090 a month, a gross rental yield of 5.5%.
What is the property tax rate in 58203?: The effective property tax rate in 58203 is 1.1% — roughly $2,538 a year on a typical home.
Who lives in 58203?: ZIP code 58203 has a population of 16,478 and a median household income of $60,474.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

58267 vs 58203 →
Northwood, ND
Typical home
$234,903
Gross yield
—
58275 vs 58203 →
Reynolds, ND
Typical home
$244,632
Gross yield
—
56540
Fertile, MN
Typical home
$232,859
Gross yield
—
56722
MN
Typical home
$252,286
Gross yield
—
58228
Emerado, ND
Typical home
$223,790
Gross yield
—
56542
Fosston, MN
Typical home
$219,926
Gross yield
—

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#Jump to section

U.S. ZIP Code · ND58203

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