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ZipNumbers

Minnesota · Census place 25280

Granite Falls city, MN

Quick answer

Granite Falls city has 2,612 residents, ranking #227 of 914 places in Minnesota. Median household income is $59,402, the median home is worth $139,700 and median gross rent runs $818 a month.

Population
2,612Granite Falls city residents
Median household income
$59,402Past 12 months, inflation adjusted
Median home value
$139,700Owner-occupied units
Median gross rent
$818Rent plus utilities, monthly
Median age
41.4 yrsAll residents
Homeownership rate
77.8%Owner-occupied households

What the numbers mean in Granite Falls city

Housing cost measured against local earnings.

A household earning the Granite Falls city median would spend about 16.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.3% of residents and 77.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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