Market Overview
Home Prices in Granada, MN
The median home value in Granada, MN is $348,197 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 14.1% compared to a year ago and up 8.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Granada are priced15% below average. Granada is part of the Fairmont, MN metro area.
Over the past five years, Granada home values have risen by approximately65.3%, reflecting strong long-term appreciation in this market.
Price History
Granada Home Price Trend
City Comparison
Granada vs. National Median
At $348,197, homes in Granada cost 15% below the national median of $410,000. This makes Granada a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Granada?
20% Down Payment
$69,639
on $348,197
Monthly P&I
$1,816/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,306/mo
incl. taxes & insurance
Income Needed
$92,240
gross annual (30% rule)
10% Down Option
$34,820
+ PMI applies
Loan Amount (20% dn)
$278,558
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 Granada, MN?
The median home value in Granada is $348,197 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 14.1% year-over-year.
How much have home prices changed in Granada?
Over the past year, home values in Granada have increased by 14.1%. Over five years, prices have risen approximately 65.3%.
How much do I need to earn to buy a home in Granada?
To comfortably afford the median home price of $348,197 with a 20% down payment ($69,639) at today's rates (6.8%), you'd need a gross annual income of approximately $92,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Granada compare to the national average home price?
The national median home value is approximately $410,000. At $348,197, homes in Granada are 15% below the national average.
What metro area is Granada part of?
Granada is part of the Fairmont, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.