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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 $1,151,486, higher than the California average of $812,006.
The average cost of rent is $2,858/mo in Granite Bay, primarily driven by the current value of real estate in the Granite Bay area. In Granite Bay, 11.36% of households rent, and 35.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Granite Bay is $15,122 per month. Households that rent pay about 18.90% of their income on rent here. Granite Bay’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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