Market Overview
Home Prices in Granville, IL
The median home value in Granville, IL is $160,789 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and up 10% from two years prior.
Compared to the U.S. national median of $410,000, homes in Granville are priced61% below average. Granville is part of the Ottawa, IL metro area.
Over the past five years, Granville home values have risen by approximately23.9%, reflecting strong long-term appreciation in this market.
Price History
Granville Home Price Trend
City Comparison
Granville vs. National Median
At $160,789, homes in Granville cost 61% below the national median of $410,000. This makes Granville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Granville?
20% Down Payment
$32,158
on $160,789
Monthly P&I
$839/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,066/mo
incl. taxes & insurance
Income Needed
$42,640
gross annual (30% rule)
10% Down Option
$16,079
+ PMI applies
Loan Amount (20% dn)
$128,631
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Granville, IL?
The median home value in Granville is $160,789 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Granville?
Over the past year, home values in Granville have decreased by 2%. Over five years, prices have risen approximately 23.9%.
How much do I need to earn to buy a home in Granville?
To comfortably afford the median home price of $160,789 with a 20% down payment ($32,158) at today's rates (6.8%), you'd need a gross annual income of approximately $42,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Granville compare to the national average home price?
The national median home value is approximately $410,000. At $160,789, homes in Granville are 61% below the national average.
What metro area is Granville part of?
Granville is part of the Ottawa, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.