Housing data for Granite Falls, MN
Granite Falls, MN has an estimated 2,685 residents and 1,246 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Yellow Medicine County.
25.5% of households rent.
The median gross rent is $920 a month.
Figures last updated on .
- Residents
- 2,685 (±257)
- Housing units
- 1,246 (±104)
- Households that rent
- 25.5%
- Median gross rent
- $920
- Residents since 2015–2019
- +0.9%
What stands out in Granite Falls
Households that rent: 25.5% (±5.2 points) in Granite Falls, higher than in Yellow Medicine County (16.0%).
Homes in buildings of 5 or more units: 12.7% (±4.9 points) in Granite Falls, higher than in Yellow Medicine County (5.2%).
Households that moved in since 2020: 25.0% (±6.9 points) in Granite Falls, higher than in Yellow Medicine County (15.1%).
Working from home: 3.2% (±2.3 points) in Granite Falls, lower than in Yellow Medicine County (9.0%).
- Renters and owners in Granite Falls
- Types of homes in Granite Falls
- How long people stay in Granite Falls
- Commute and cars in Granite Falls
Housing in Granite Falls at a glance
- Median rent: $920 median gross rent a month
- Rent by bedrooms: $957 median gross rent, 2 bedrooms
- Rent burden: 39.5% of renters pay 30% or more of income
- Renters and owners: 25.5% of households rent
- Income and affordability: $59,375 median household income
- Home values: $136,700 median home value
- Homeowner costs: $1,377 median monthly cost with a mortgage
- Property taxes: $1,931 median real estate taxes a year
- Types of homes: 12.7% of homes are in buildings of 5 or more units
- Bedrooms: 67.2% of homes have 3 or more bedrooms
- Age of homes: 72.3% of homes were built before 1980
- Vacancy rate: 0.0% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 77.1% heat with utility gas
- Commute and cars: 17.1 minutes average trip to work
- Crime reported to police: 0 violent crimes per 100,000 residents
- Growth: +0.9% residents since 2015–2019
- How long people stay: 25.0% moved in since 2020
- Crowding and facilities: 3.4% of homes have more than 1 person per room
Granite Falls against Yellow Medicine County, its state and the nation
| Granite Falls | Yellow Medicine County | Minnesota | United States | |
|---|---|---|---|---|
| Residents | 2,685 (±257) | 9,451 (exact) | 5,739,445 (exact) | 334,922,499 |
| Housing units | 1,246 (±104) | 4,488 (±91) | 2,545,030 (±1,535) | 143,775,355 |
| Households that rent | 25.5% (±5.2 points) | 16.0% (±2.0 points) | 27.8% (±0.2 points) | 34.8% |
| Median gross rent | $920 (±$172) | $678 (±$66) | $1,280 (±$7) | $1,413 |
| Median household income | $59,375 (±$4,959) | $74,000 (±$5,199) | $89,062 (±$409) | $80,734 |
| Median home value | $136,700 (±$17,486) | $154,700 (±$8,719) | $329,300 (±$903) | $332,700 |
| Median real estate taxes (a year) | $1,931 (±$251) | $1,606 (±$110) | $3,357 (±$10) | $3,119 |
| Built before 1980 | 72.3% (±11.4 points) | 78.9% (±4.5 points) | 52.1% (±0.3 points) | 49.7% |
| Average commute | 17.1 minutes (±2.5) | 21.1 minutes (±1.3) | 22.7 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 87.3% (±4.9 points) | 85.6% (±1.5 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 40.3 years (±3.5) | 42.1 years (±0.6) | 38.8 years (±0.1) | 38.9 years |
Granite Falls covers 3.5 square miles of land, about 757 residents per square mile (Census Bureau Gazetteer).
How Granite Falls has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,660 (±231) | 2,685 (±257) | +0.9% | Not a measurable change |
| Housing units | 1,312 (±97) | 1,246 (±104) | −5.0% | Not a measurable change |
| Median gross rent | $583 (±$61) | $920 (±$172) | +57.8% | Up after inflation |
| Median home value | $125,300 (±$11,654) | $136,700 (±$17,486) | +9.1% | No measurable change after inflation |
| Median household income | $58,690 (±$13,158) | $59,375 (±$4,959) | +1.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,312 (±$75) | $1,377 (±$71) | +5.0% | Down after inflation |
| Median real estate taxes | $1,804 (±$151) | $1,931 (±$251) | +7.0% | No measurable change after inflation |
| Households that rent | 35.7% (±4.8 points) | 25.5% (±5.2 points) | −10.2 percentage points | Measurable decrease |
| Rental vacancy rate | 0.0% (±4.1 points) | 0.0% (±6.9 points) | 0.0 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Granite Falls
In 2025, the Granite Falls Police Department reported 0 violent and 225 property crimes per 100,000 residents to the FBI.
Across Yellow Medicine County, the departments that report recorded 53 violent and 171 property crimes per 100,000 residents that year.
Places near Granite Falls
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Granite Falls Township | 3.2 mi | — | $238,900 | 21.0% |
| Minnesota Falls Township | 3.8 mi | $669 | $158,300 | 17.4% |
| Stony Run Township | 6.0 mi | — | $251,100 | 5.8% |
| Wang Township | 6.5 mi | — | $263,200 | 3.1% |
| Hazel Run Township | 6.8 mi | — | $168,100 | 3.0% |
| Hawk Creek Township | 6.9 mi | — | $232,400 | 0.0% |
| Maynard | 7.7 mi | $1,420 | $80,000 | 27.8% |
| Leenthrop Township | 8.3 mi | — | $242,300 | 3.9% |
Places in Minnesota most like Granite Falls
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Albert Lea | $857 | $157,500 | $64,603 | 25.9% |
| Austin | $953 | $163,900 | $68,057 | 28.5% |
| Hibbing | $833 | $130,200 | $55,789 | 28.9% |
| Mountain Lake | $929 | $143,100 | $66,490 | 27.9% |
| Springfield | $820 | $122,300 | $59,434 | 26.8% |
| Slayton | $752 | $161,700 | $62,344 | 26.0% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Minnesota.
HUD Fair Market Rent for Granite Falls, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $706 | $799 | $1,014 | $1,290 | $1,468 |
HUD income limits for Granite Falls, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,600 | $34,300 | $54,900 |
| 2 people | $23,550 | $39,200 | $62,750 |
| 3 people | $27,320 | $44,100 | $70,600 |
| 4 people | $33,000 | $49,000 | $78,400 |
| 5 people | $38,680 | $52,950 | $84,700 |
| 6 people | $44,360 | $56,850 | $90,950 |
| 7 people | $50,040 | $60,800 | $97,250 |
| 8 people | $55,720 | $64,700 | $103,500 |
These are the limits HUD sets for its housing programs in the Yellow Medicine County, MN, where HUD’s median family income for fiscal year 2026 is $95,800.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Granite Falls
What is the average rent in Granite Falls, MN?
The Census Bureau publishes the median rather than the average: the median gross rent in Granite Falls is $920 (±$172) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Granite Falls?
The median gross rent for a one-bedroom home in Granite Falls, MN is $538 (±$43) a month (2020–2024 American Community Survey).
Are renters in Granite Falls rent-burdened?
39.5% of renting households in Granite Falls pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Granite Falls?
Granite Falls has an estimated 316 (±76) renting households, 25.5% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Granite Falls?
The median household income in Granite Falls is $59,375 (±$4,959) a year (2020–2024 American Community Survey).
What is the average home value in Granite Falls, MN?
The Census Bureau publishes the median: $136,700 (±$17,486) for owner-occupied homes in Granite Falls (2020–2024 American Community Survey).
Is Granite Falls growing?
In Granite Falls, the number of residents went from 2,660 in 2015–2019 to 2,685 in 2020–2024 (+0.9%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Granite Falls city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Granite Falls city, Minnesota
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Granite Falls city, Minnesota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Granite Falls city, Minnesota
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Granite Falls city, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Granite Falls city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Granite Falls city, Minnesota
- HUD Fair Market Rents, fiscal year 2027: Yellow Medicine County, MN
- HUD Income Limits, fiscal year 2026: Yellow Medicine County, MN
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Granite Falls Police Department (ORI MN0870200)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Granite Falls city, Minnesota (place:25280, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .