Grand Forks

As of June 2026, Grand Forks has 243 active Airbnb and VRBO listings. This represents a 14% increase from the previous year.

The average Airbnb or VRBO in Grand Forks generates $20K per year. High-performing properties earn $41K/year, while low-performing properties earn $11K/year. Supply growth outpaces declining revenues, signaling intensifying competition and market saturation. The doubling gap between high and average performers suggests significant variance in property positioning, though the 30% occupancy rate indicates overall soft demand conditions challenging the entire market.

Average home prices in Grand Forks vary by property size: 1-bedroom properties cost approximately $145K, 2-bedroom homes average $219K, 3-bedroom properties are around $266K, and 4+ bedroom homes average $320K. These prices reflect median home values across the Grand Forks area.

Airbnb and VRBO can be profitable in Grand Forks, with an average gross yield of 10% across all properties. High-performing properties achieve yields up to 20%, which is considered top for short-term rental investment. However, rising supply combined with declining revenue and 30% occupancy suggests intensifying competition and softening demand, creating a bifurcated market where property differentiation increasingly determines profitability.

The average occupancy rate for Airbnbs and VRBOs in Grand Forks is 30%. This occupancy level, combined with an average nightly rate of $200, results in a RevPAR (revenue per available room) of $41 per day.

2-bedroom properties demonstrate the strongest performance in Grand Forks, with an average gross yield of 9% and annual revenue of $19K. These properties balance purchase price ($219K), operating costs, and rental demand most effectively in the Grand Forks market.

Short-term rental regulations vary by jurisdiction in the Grand Forks area. Grand Forks: Lenient. No specific short-term rental regulations or licensing requirements currently in place. City relies on general zoning and nuisance ordinances. Minimal enforcement activity. Hosts operate freely on platforms like Airbnb and VRBO without registration. Some neighborhood concerns exist but no comprehensive regulatory framework enacted. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Grand Forks Airbnb and VRBO market is currently showing increasingly competitive conditions. Supply has grown 14% year-over-year, while RevPAR has decreased 28%. This indicates growing competition requiring strong operations. The 30% occupancy rate combined with a significant revenue spread—from $19,883 average to $41,490 high—suggests market bifurcation where differentiated properties outperform, while undifferentiated inventory faces pricing pressure.

Launch around July, 2-3 months before peak fall season (October peaks). This pre-peak timing lets you build reviews when competition is -48% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (December-April) when gaining traction is harder.

The most common amenities in Grand Forks listings include: Kitchen (95%), Air Conditioning (94%), Washing Machine (87%), Tv (82%), Heating (68%). Amenities that boost revenue the most include Pool, Hot Tub, Lake Access, with Pool properties earning approximately 48% more ($48K/year vs $32K/year).

Monthly estimated revenue per listing in Grand Forks over the last 12 months: May: $1K, June: $2K, July: $2K, August: $2K, September: $1K, October: $2K, November: $1K, December: $888, January: $909, February: $899, March: $861, April: $772. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Grand Forks is $200, up 28% year-over-year. By property size: 1-bedroom properties average $152/night, 2-bedroom properties average $170/night, 3-bedroom properties average $247/night, 4+ bedroom properties average $295/night. Rates peak in February and are lowest in May.

Guests in Grand Forks book an average of 29 days in advance, down 8% from last year. By property size: 1-bedroom: 25 days, 2-bedroom: 29 days, 3-bedroom: 33 days, 4+ bedroom: 31 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Grand Forks Airbnb and VRBO market has seen the following changes: supply grew 14%, revenue per listing decreased 28%, occupancy fell 23%, average nightly rates increased 28%, and lead time decreased 8%. The market is experiencing classic oversupply conditions—hosts raised rates to offset lower occupancy, yet total revenue still declined sharply. The substantial gap between average ($19,883) and high-performing listings ($41,490) suggests performance is increasingly stratified in a crowded market.

In Grand Forks, Friday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 36% higher occupancy than weekdays.