Market Overview
Home Prices in Granite Falls, MN
The median home value in Granite Falls, MN is $152,999 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Granite Falls are priced63% below average.
Over the past five years, Granite Falls home values have risen by approximately25.8%, reflecting strong long-term appreciation in this market.
Price History
Granite Falls Home Price Trend
2020
$106,453
$106K
—
2021
$121,645
$122K
+14.3%
2022
$142,176
$142K
+16.9%
2023
$141,278
$141K
-0.6%
2024
$139,111
$139K
-1.5%
2025
$143,925
$144K
+3.5%
2026
$152,999
$153K
+6.3%
City Comparison
Granite Falls vs. National Median
🏠 Granite Falls
$152,999
National Median
$410,000
At $152,999, homes in Granite Falls cost 63% below the national median of $410,000. This makes Granite Falls a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Granite Falls?
20% Down Payment
$30,600
on $152,999
Monthly P&I
$798/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,013/mo
incl. taxes & insurance
Income Needed
$40,520
gross annual (30% rule)
10% Down Option
$15,300
+ PMI applies
Loan Amount (20% dn)
$122,399
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 Granite Falls, MN?
The median home value in Granite Falls is $152,999 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Granite Falls?
Over the past year, home values in Granite Falls have increased by 6.3%. Over five years, prices have risen approximately 25.8%.
How much do I need to earn to buy a home in Granite Falls?
To comfortably afford the median home price of $152,999 with a 20% down payment ($30,600) at today's rates (6.8%), you'd need a gross annual income of approximately $40,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Granite Falls compare to the national average home price?
The national median home value is approximately $410,000. At $152,999, homes in Granite Falls are 63% below the national average.