Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Granite Falls area can be challenging. Home prices in Granite Falls are now at a median cost of $152,068, lower than the Minnesota average of $269,934.
The average cost of rent is $743/mo in Granite Falls, primarily driven by the current value of real estate in the Granite Falls area. While nearly 41.47% of residents own their homes outright in Granite Falls, 26.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in Granite Falls is $5,283 per month. Households that rent pay about 14.07% of their income on rent here. Granite Falls's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Maynard, MN: higher priced homes
- Hanley Falls, MN: equally priced homes
- Wegdahl, MN: higher priced homes
- Sacred Heart, MN: less expensive homes
- Wood Lake, MN: less expensive homes
- Hazel Run, MN: equally priced homes
- Clarkfield, MN: less expensive homes
- Montevideo, MN: less expensive homes
- Echo, MN: less expensive homes
- Clara City, MN: equally priced homes
Cities with Similar Populations
- London, AR: equally priced homes
- Gosnell, AR: less expensive homes
- Fontana-on-Geneva Lake, WI: higher priced homes
- Pequot Lakes, MN: higher priced homes
- Moriches, NY: higher priced homes
- New Waterford, OH: less expensive homes
- North Waterboro, ME: higher priced homes
- Norton, KS: less expensive homes
- Oak Ridge North, TX: higher priced homes
- Onawa, IA: less expensive homes
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