Español

Este sitio también está en español. Leer en español

City · 11,207 residents · Itasca County, Minnesota

Grand Rapids , Minnesota

In Grand Rapids, a typical home is worth $213,800 and typical rent is $1,090 a month. Compared with all of Itasca County, typical household income is 11% lower, typical rent is 10% higher, and the share of households that own their home is 21 points lower.

WhatsApp

  • Typical home value

    $213,800

    5% below the county

    35% below Minnesota

    • Grand Rapids
    • Itasca
    • Minnesota

  • Typical rent

    $1,090a month

    10% above the county

    15% below Minnesota

    • Grand Rapids
    • Itasca
    • Minnesota

  • Typical household income

    $61,029a year

    11% below the county

    31% below Minnesota

    • Grand Rapids
    • Itasca
    • Minnesota

  • Households that own their home

    62%

    21 points below the county

    10 points below Minnesota

    • Grand Rapids
    • Itasca
    • Minnesota

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$280,069
2.4% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Grand Rapids is in Itasca County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Itasca County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Grand Rapids apart

What this place has that others do not, from public data, most unusual first.

  1. 62% of households in Grand Rapids own their home, against 83% in Itasca County.

  2. Nearby, in Virginia, the typical home value is $120,600: 44% less than in Grand Rapids ($213,800).

  3. Nearby, in Virginia, the typical rent is $792: 27% less than in Grand Rapids ($1,090).

  4. Grand Rapids has the 13th lowest typical household income of the 152 cities in Minnesota with more than 5,000 people ($61,029).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Grand Rapids

What homes there are in Grand Rapids, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Grand Rapids, but it weighs less than in Itasca County: 62% against 82%.

Year built

By age, homes in Grand Rapids look like those in Itasca County: the typical year built is 1978.

Homes in Grand Rapids are smaller: 56% have 3 bedrooms or more; in Itasca County, 60%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 99% of owner-occupied homes in Grand Rapids are worth less than $500,000, below the FHA loan limit for Itasca County ($541,287).

Monthly rent with utilities

About 54% of rented homes in Grand Rapids cost less than HUD's 2-bedroom fair market rent for Itasca County ($1,164); the rest cost more.

With a mortgage

$1,431 a month

Itasca County: $1,501 a month

Without a mortgage

$550 a month

Itasca County: $568 a month

Owners with a mortgage

60%

Itasca County: 54%

The typical cost for an owner with a mortgage in Grand Rapids is $1,431 a month, near the figure in Itasca County ($1,501).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Grand Rapids rose 41%; in Itasca County, it rose 37%.

Since 2015–2019, the typical rent in Grand Rapids rose 63%, more than in Itasca County (42%).

The typical household income in Grand Rapids rose 26%: less than home values (+41%) and rent (+63%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureGrand RapidsItasca CountyMinnesotaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.6%0.9%
More than one person per room Unreliable estimate1.8%2.3%3.4%
People per household 2.232.382.432.53
Drive alone 69%76%69%69%
Carpool 13%10%8%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 10%10%18%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutesUnreliable estimate20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.23 on average, against 2.38 in Itasca County.

The car rules in Grand Rapids: 69% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Grand Rapids?

A typical home is tight for the typical income

We start with a typical home in Grand Rapids, worth $213,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 36% of the typical household income in Grand Rapids, which is $61,029 a year. For that payment to be 28% of income, a household would need to earn about $77,676 a year.

The calculator's FHA and conventional loan limits are those of all of Itasca County.

Your numbers

Local data
$

Starts at the typical home value in Grand Rapids. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,483 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,812

at 7.18% · 30 years

Loan amount
$209,928
Total interest
$302,036
Paid off in
November 2056

Includes $3,611 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,424 a month

  • Tight

    $1,424 to $1,831 a month

    Your payment · 36%

  • Hard

    more than $1,831 a month

Compared with the typical household income in Grand Rapids ($61,029 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,812
Principal & interest$1,422
Property tax$207
Home insurance$89
FHA mortgage insurance (MIP)$95

You need at least $7,483 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Grand Rapids and Itasca County

Grand Rapids is in Itasca County, Minnesota. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Grand Rapids's own numbers

Typical home value
$213,800
Typical monthly rent
$1,090
Typical yearly household income
$61,029
Households that own their home
62%
Effective property tax rate
1.16%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Itasca County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,164
Price change over 5 years (FHFA)
+52%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Itasca County.

Everything about Itasca County

Buying

Buying a home in Grand Rapids

A typical home in Grand Rapids is worth $213,800: 5% below the county and 35% below Minnesota. With the typical household income in Grand Rapids ($61,029 a year), a typical home costs 3.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Grand Rapids 3.5 years
  • Itasca 3.3 years
  • Minnesota 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Itasca County

According to FHFA’s house price index, home prices in Itasca County rose 72% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Itasca County.

Period County Minnesota U.S.
Last year (2025) +5.4% +2.8% +2.9%
5 years (2020–2025) +52% +37% +47%
10 years (2015–2025) +72% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Grand Rapids next to Itasca County, Minnesota and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Grand Rapids $213,800
  • Itasca $225,200
  • Minnesota $329,300
  • United States $332,700
Typical monthly rent
  • Grand Rapids $1,090
  • Itasca $988
  • Minnesota $1,280
  • United States $1,413
Typical yearly household income
  • Grand Rapids $61,029
  • Itasca $68,603
  • Minnesota $89,062
  • United States $80,734
See the full table
Grand Rapids next to Itasca County and Minnesota
Measure Grand Rapids Itasca County Minnesota U.S.
Typical home value $213,800 $225,200 $329,300 $332,700
Typical monthly rent $1,090 $988 $1,280 $1,413
Typical yearly household income $61,029 $68,603 $89,062 $80,734
Households that own their home 62% 83% 72% 65%
Typical yearly property tax $2,485 $1,945 $3,357 $3,119
Effective property tax rate 1.16% 0.86% 1.02% 0.94%
Renters with high rent for their income 61% 58% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Itasca County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Grand Rapids

For a typical $213,800 home in Grand Rapids, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Grand Rapids's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,812a month

    Least cash to close
    Down payment
    $7,483
    Cash to close
    $13,897
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $95

  • Conventional, 5% down $1,773a month

    Down payment
    $10,690
    Cash to close
    $17,104
    Rate
    7.18%
    Mortgage insurance
    PMI · $102

  • Conventional, 20% down, no PMI $1,454a month

    Down payment
    $42,760
    Cash to close
    $49,174
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,652a month

    Down payment
    $32,070
    Cash to close
    $38,484
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Grand Rapids and for Itasca County.

Property tax

Effective rate in Grand Rapids

1.16%of the home’s value each year

$2,485 a year for the typical owner in Grand Rapids.

  • Grand Rapids 1.16%
  • Itasca 0.86%
  • Minnesota 1.02%

What Minnesota publishes Homestead market value exclusion (Minnesota Office of the Revisor of Statutes (Minnesota Statutes))

Exemptions and deadlines in Minnesota

Flood risk in Itasca County

FEMA does not publish these numbers by city: they are for all of Itasca County.

FEMA’s maps count no homes in the high-risk zone in Itasca County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Grand Rapids

Typical rent in Grand Rapids is $1,090 a month: 10% above the county. In Grand Rapids, 61% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Itasca County, by unit size. To pay the 2-bedroom one ($1,164 a month) without spending more than 30% of your income, you would need to earn $22.38 an hour working full time.

HUD fair market rent for all of Itasca County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $811 $15.60 $32,440
1 bedroom $924 $17.77 $36,960
2 bedrooms $1,164 $22.38 $46,560
3 bedrooms $1,509 $29.02 $60,360
4 bedrooms $1,635 $31.44 $65,400

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Grand Rapids

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Grand Rapids is in ZIP code 55744.

For 2 bedrooms it is $1,240: $76 more than the fair market rent for Itasca County ($1,164).

  • 55744 $1,240$1,610

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Grand Rapids when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Grand Rapids

HUD lists 13 buildings with rents for lower incomes in Grand Rapids. These are the largest.

  • Pine Ridge Apartments 620 River Rd, Grand Rapids 55744 100 low-income homes · 1 bd: 42 · 2 bd: 46 · 3 bd: 12 · In service since 2015 · For older adults, families, people experiencing homelessness
  • 411 Seventh Street 411 NW 7th St, Grand Rapids 55744 92 low-income homes · Run by Itasca County Hra · Average payment: $388 a month · Average wait: 20 months (218) 326-7978
  • Pine Ridge Apartments 624 River Rd, Grand Rapids 55744 100 homes, 60 low-income · For families (218) 326-2455
  • Grand Manor II - III Multiple Building Addresses, Grand Rapids 55744 56 homes, 55 low-income · 1 bd: 54 · 2 bd: 2 · In service since 2012 · For older adults, people with disabilities
  • Crystal Lake Townhouses 203 NW 14th St, Grand Rapids 55744 48 low-income homes · For families (218) 986-3575

See all 22 buildings in Itasca County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Grand Rapids

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Itasca County; none says it serves in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Grand Rapids

No down payment, repair or rent-help program on our list is for Grand Rapids or Itasca County. The ones below are statewide in Minnesota: they work in Grand Rapids the same as in the rest of the state.

Which programs do I qualify for? All programs in Minnesota

  • Deferred Payment Loan (Start Up)

    Statewide in Minnesota

    Minnesota state agency loan for the down payment and closing costs alongside the Start Up mortgage for first-time buyers: up to $14,000 (or $18,000 in the Plus version), with no interest or monthly payments, repaid at the end of the mortgage. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Deferred

    See the program Official page

  • Monthly Payment Loan

    Statewide in Minnesota

    Minnesota Housing loan of up to $14,000 for the down payment and closing costs, which you repay over 15 years at the same rate as your Minnesota Housing mortgage; it works with Start Up (first-time buyers) or Step Up. Offered by Minnesota Housing (Minnesota Housing Finance Agency).

    Repayable

    See the program Official page

Housing counselors near Grand Rapids

The HUD-approved agencies closest to the center of Grand Rapids, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Kootasca Community Action, Inc.

    822 NE 5th Ave, Grand Rapids · 1 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    218-999-0800x0828

  • Arrowhead Economic Opportunity Agency, Inc.

    702 S 3rd Ave, Virginia · 51 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    218-749-2912x6895

  • Lutheran Social Service of Minnesota

    716 E Street, Brainerd · 68 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 1 more
    (888) 577-2227

Every agency in Itasca County All counseling agencies in Minnesota

Help in Spanish near Grand Rapids

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Grand Rapids

HUD’s record names them for Grand Rapids or Itasca County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Itasca County Hra Public housing and Section 8 vouchers (218) 326-7978

One other authority has an office in Itasca County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Grand Rapids, with the typical home value.

Everything about Itasca County Housing in Minnesota

Neighboring counties

If Itasca County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Grand Rapids.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Grand Rapids

Short answers with the numbers for Grand Rapids and all of Itasca County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Grand Rapids?

The typical home value in Grand Rapids is $213,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Itasca County it is $225,200.

How much does it cost to rent in Grand Rapids?

Typical rent in Grand Rapids is $1,090 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Itasca County is $1,164.

What is the FHA loan limit in Grand Rapids?

Grand Rapids uses the FHA limit for all of Itasca County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Grand Rapids?

The typical homeowner in Grand Rapids pays $2,485 a year, according to the U.S. Census Bureau. That is 1.16% of the home’s value; in Itasca County, the rate is 0.86%.

Where can I find free help to buy or rent in Grand Rapids?

There is 1 HUD-approved counseling agency with an office in Itasca County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).