Granite Falls, MN Real Estate

According to census data in the year 2000 there were 1,474 housing units in Granite Falls. This represents a 5.2% growth from 1,401 in 1990.

Of those housing units, 1,444 were located in either urbanized areas or urban clusters, and 30 were located in what is classified as a rural area.

Homeownership rate in Granite Falls is about 70.1%. Granite Falls's vacancy rate, including seasonal lodging, is about 8.8%. Average household size is 2.25 people.

The majority of houses, apartments or condos in Granite Falls were built after 1963.


Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom12.60%
Two Bedrooms32.10%
Three Bedrooms36.60%
Four Bedrooms15.50%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.48
Median year structure was built1960
Median Value of occupied units$64,400
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size1.73
Median year structure was built1970
Median Monthly Rent asked for vacant units$350

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.30%
Home Equity Loan5.60%
Simple Mortgage40.40%
Debt Free46.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs13.7%