
Home Price Key
These days, finding an affordable place to live in the Granite Bay area can be challenging. Home prices in Granite Bay are now at a median cost of $858,514, higher than the California average of $648,235.
The average cost of rent is $2,206/mo in Granite Bay, primarily driven by the current value of real estate in the Granite Bay area. While nearly 36.01% of residents own their homes outright in Granite Bay, 8.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in Granite Bay is $13,020 per month. Households that rent pay about 16.94% of their income on rent here. Granite Bay's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
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