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Granite Falls, MN Housing

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As of 2010-2014, median price of a house in Granite Falls is $103,000, which is much lower than the state average of $185,200 and is much lower than the national average of $175,700. The Granite Falls median house value has grown by 59.94% since 2000. The growth rate for the price of a house in Granite Falls is higher than the state average rate of 51.31% and is higher than the national average rate of 46.91%. The median year that a house in Granite Falls was built is 1965, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 782 Owner Occupied Houses in Granite Falls, MN, #441

Granite Falls, MN	103,000 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #381

Granite Falls, MN	59.94%
Minnesota	51.31%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Granite Falls, MN	Minnesota	U.S.
Total Housing Units	1,382, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	1,172, 84.80%, see rank	89.48%	87.55%
Owner Occupied	782, 56.58%, see rank	64.51%	56.34%
Renter Occupied	390, 28.22%, see rank	24.96%	31.21%
Vacant Housing Units	210, 15.20%, see rank	10.52%	12.45%
For Rent	25, 1.81%, see rank	1.22%	2.34%
For Sale Only	33, 2.39%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	31, 2.24%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	20, 1.45%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	101, 7.31%, see rank	2.36%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #450

Granite Falls, MN	Minnesota	U.S.
1965	1975	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Granite Falls, MN	%	Minnesota	U.S.
Owner-Occupied Units	782	100%	1,525,201	74,787,460
With a Mortgage	436	55.75%, see rank	68.78%	65.58%
Without a Mortgage	346	44.25%, see rank	31.22%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Granite Falls, MN	921 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Granite Falls, MN	%	Minnesota	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	8	1.83%, see rank	1.30%	1.59%
$500 to $699	72	16.51%, see rank	4.08%	5.01%
$700 to $999	172	39.45%, see rank	12.50%	14.32%
$1,000 to $1,499	95	21.79%, see rank	30.43%	27.90%
$1,500 to $1,999	64	14.68%, see rank	25.36%	20.35%
$2,000 to $2,999	25	5.73%, see rank	19.32%	19.52%
$3,000 or More	0	0.00%, see rank	6.84%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Granite Falls, MN	19.60% of the Total Income
Minnesota	22.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Granite Falls, MN	%	Minnesota	U.S.
10% or Less	28	6.42%, see rank	6.13%	5.86%
10% to 20%	199	45.64%, see rank	35.03%	31.95%
20% to 30%	143	32.80%, see rank	30.01%	27.64%
30% to 40%	39	8.94%, see rank	12.88%	13.74%
40% or More	27	6.19%, see rank	15.67%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Granite Falls, MN	333 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Granite Falls, MN	%	Minnesota	U.S.
$199 or Less	17	4.91%, see rank	4.45%	7.76%
$200 to $299	89	25.72%, see rank	10.96%	14.70%
$300 to $499	165	47.69%, see rank	39.99%	34.63%
$500 to $699	59	17.05%, see rank	27.38%	21.16%
$700 or More	16	4.62%, see rank	17.23%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Granite Falls, MN	10.00% of the Total Income
Minnesota	11.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Granite Falls, MN	%	Minnesota	U.S.
10% or Less	211	60.98%, see rank	43.57%	40.19%
10% to 20%	82	23.70%, see rank	31.28%	31.47%
20% to 30%	34	9.83%, see rank	11.58%	12.24%
30% to 40%	15	4.34%, see rank	5.05%	5.64%
40% or More	4	1.16%, see rank	7.69%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Granite Falls, MN	Minnesota	U.S.
Total Housing Units	1,382, 100%	2,364,149	132,741,033
1-unit, Detached	1,036, 74.96%, see rank	67.25%	61.65%
1-unit, Attached	50, 3.62%, see rank	7.45%	5.82%
2 Units	12, 0.87%, see rank	2.34%	3.75%
3 or 4 Units	44, 3.18%, see rank	2.08%	4.43%
5 to 9 Units	25, 1.81%, see rank	2.23%	4.78%
10 or More Units	174, 12.59%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	41, 2.97%, see rank	3.52%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Granite Falls, MN	Minnesota	U.S.
Total Housing Units	1,382, 100%	2,364,149	132,741,033
1 Room	19, 1.37%, see rank	1.54%	1.95%
2 Rooms	92, 6.66%, see rank	2.83%	2.48%
3 Rooms	126, 9.12%, see rank	9.20%	9.13%
4 Rooms	82, 5.93%, see rank	14.05%	16.60%
5 Rooms	261, 18.89%, see rank	15.52%	20.41%
6 Rooms	172, 12.45%, see rank	14.98%	18.06%
7 Rooms	215, 15.56%, see rank	12.86%	12.27%
8 Rooms	85, 6.15%, see rank	11.01%	8.48%
9 Rooms or More	330, 23.88%, see rank	18.01%	10.60%
Median Rooms	6.10, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Granite Falls, MN	Minnesota	U.S.
Total Housing Units	1,382, 100%	2,364,149	132,741,033
No Bedroom	31, 2.24%, see rank	1.76%	2.17%
1 Bedroom	133, 9.62%, see rank	11.71%	11.16%
2 Bedrooms	438, 31.69%, see rank	26.64%	26.69%
3 Bedrooms	530, 38.35%, see rank	34.15%	39.70%
4 Bedrooms	167, 12.08%, see rank	19.81%	16.05%
5 or More Bedrooms	83, 6.01%, see rank	5.94%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Granite Falls, MN	Minnesota	U.S.
Total Housing Units	1,172, 100%	2,115,337	116,211,092
Utility Gas	899, 76.71%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	47, 4.01%, see rank	10.05%	4.86%
Electricity	206, 17.58%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	8, 0.68%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	6, 0.51%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	6, 0.51%, see rank	1.17%	0.47%
No Fuel Used	0, 0.00%, see rank	0.65%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Granite Falls, MN	Minnesota	U.S.
Occupied Units Paying Rent	390, 100%	562,198	39,201,928
$199 or Less	0, 0.00%, see rank	2.46%	1.50%
$200 to $299	13, 3.33%, see rank	4.66%	3.18%
$300 to $499	106, 27.18%, see rank	9.32%	7.37%
$500 to $699	91, 23.33%, see rank	17.06%	16.01%
$700 to $999	165, 42.31%, see rank	33.30%	29.17%
$1,000 to $1,499	15, 3.85%, see rank	23.49%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	7.02%	9.79%
$2,000 or More	0, 0.00%, see rank	2.69%	6.10%
Median	$683, see rank	$835	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Granite Falls, MN	Minnesota	U.S.
Occupied Housing Units	1,172, 100%	2,115,337	116,211,092
No Vehicles Available	92, 7.85%, see rank	7.25%	9.12%
1 Vehicles Available	394, 33.62%, see rank	30.11%	33.80%
2 Vehicles Available	464, 39.59%, see rank	40.67%	37.48%
3 or More Vehicles Available	222, 18.94%, see rank	21.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.