Granada, MN housing market
The typical Granada home is worth about $345,000, up 13.3% in a year, close to the Minnesota typical home.
Home values, sales, trends and how Granada compares with the towns next door — updated as new data is published.
Granada at a glance
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Granada | Minnesota |
|---|---|---|
| 2017 | $147,000 | $217,000 |
| 2018 | $146,000 | $232,000 |
| 2019 | $161,000 | $246,000 |
| 2020 | $176,000 | $259,000 |
| 2021 | $198,000 | $282,000 |
| 2022 | $217,000 | $313,000 |
| 2023 | $236,000 | $325,000 |
| 2024 | $269,000 | $331,000 |
| 2025 | $290,000 | $341,000 |
| 2026 | $323,000 | $349,000 |
| August 2026 | $345,000 | $351,000 |
No new homes permitted in 2025
No permits for new homes were issued in Granada in 2025. The last year with any was 2006 (1 new home).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Granada's population fell by 12 and no new homes were permitted. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 1 | 1 | 0 | $149,000 |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 2 | 2 | 0 | $259,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 1 | 1 | 0 | $112,000 |
| 2000 | 1 | 1 | 0 | $75,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Granada is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $720 · 4 bedrooms $1,390
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56039; Faribault County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.