Unlike many of small towns in North Dakota, Larimore has maintained a relatively stable population for the last forty years. Its close proximity to employment opportunities in Grand Forks and at the Grand Forks Air Force Base have led the town to become an attractive choice for commuters desiring lower housing costs and a small-town environment. Although new housing construction has been fairly stagnant during the last fifteen years, a number of new homes have been built throughout the town in the last several years where lots have been available. A larger number of homes have been constructed outside of the city near Larimore Dam and along the Turtle River, north and east of the town. Many of these homes are far larger and more expensive than those being built within the city limits.