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Granite Falls, MN
Full City Profile · Minnesota · Yellow Medicine County County
3.2
/5.0
B
Good
2,612
Population
736/sq mi density
$59,402
Median Income
$37,972 per capita
$139,700
Home Value
$145,554 Zillow
$818
Median Rent
23.9% income on rent
45°F
Avg Temperature
276 sunny days/yr
111
Violent Crime/100K
1,889 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$59,402 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$139,700 home value, $818/mo rent
F
Safety
1.0 / 5.0
111 violent crimes/100K
C+
Education
2.9 / 5.0
23.4% bachelor's degree or higher
Housing Overview
Median Home Value
$139,700
50% below
US avg: $281,900
Median Rent
$818/mo
30% below
US avg: $1,163/mo
Homeownership Rate
77.8%
19% above US avg (65.4%)
Total Housing Units
1,207
Median year built: 1972
Home Value by Source
Census Median
$139,700
Zillow (ZHVI)
$145,554
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.8%
Owner-Occupied
22.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$818/mo
Affordability & Housing Stock
Rent Burden
23.9%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1972
Average age of housing stock: 54 years
Homeownership Rate
77.8%
Complete Housing Data
Home Values
| Census Median Value | $139,700 |
| Zillow Home Value (ZHVI) | $145,554 |
Rent
| Census Median Rent | $818 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 77.8% |
| Renter-Occupied | 22.2% |
| Homeownership Rate | 77.8% |
| Total Housing Units | 1,207 |
| Median Year Built | 1972 |
| Rent Burden | 23.9% |