Grandfalls is located in west Texas. Grandfalls is part of Ward County. Grandfalls has 0.54 square miles of land area and has no water area. As of 2010-2014, the total Grandfalls population is 374, which has shrunk 4.35% since 2000. The population growth rate is much lower than the state average rate of 25.13% and is much lower than the national average rate of 11.61%. Grandfalls median household income is $31,750 in 2010-2014 and has grown by 62.13% since 2000. The income growth rate is much higher than the state average rate of 31.68% and is much higher than the national average rate of 27.36%. Grandfalls median house value is $30,400 in 2010-2014 and has grown by 67.03% since 2000. The house value growth rate is higher than the state average rate of 59.27% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Grandfalls is worse than the state average in quality. The Grandfalls area code is 432.