Granite Falls, MN housing market
The typical Granite Falls home is worth about $152,000, up 4.8% in a year, 57% below the Minnesota typical home.
Home values, sales, trends and how Granite Falls compares with the towns next door — updated as new data is published.
Granite Falls at a glance
Typical home value, 2016–2026
Show as a table
| January | Granite Falls | Minnesota |
|---|---|---|
| 2017 | $95,000 | $217,000 |
| 2018 | $98,000 | $232,000 |
| 2019 | $95,000 | $246,000 |
| 2020 | $104,000 | $259,000 |
| 2021 | $113,000 | $282,000 |
| 2022 | $134,000 | $313,000 |
| 2023 | $140,000 | $325,000 |
| 2024 | $137,000 | $331,000 |
| 2025 | $141,000 | $341,000 |
| 2026 | $150,000 | $349,000 |
| August 2026 | $152,000 | $351,000 |
Granite Falls and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Granite Falls | $152K | +4.8% | $1,050 | — | $108,750 |
| Granite Falls | — | — | $1,060 | 2 | $59,375 |
| Sparta | — | +2.8%† | $980 | — | $101,250 |
| Leenthrop | — | +2.3%† | $970 | — | $104,167 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,050
HUD's Fair Market Rent for a two-bedroom in Granite Falls is $1,050 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $730 · 4 bedrooms $1,450
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56241, 56260; Chippewa 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. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.