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MN area data

Granite Falls, MN

Granite Falls, MN.

Population: 3,933 (Census ACS)

The typical home value in Granite Falls, MN is $189,196 — up 6.4% over the past year. Homes sell for a median $187,500 after a median 43 days on market. 2 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Very Low, with heat wave, winter weather the top-rated hazards. Cost of living is 11.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$189,196

Typical home value

+6.4%

1-year change

43

Median days on market

Very Low

Hazard risk (county)

Home values & appreciation

Typical home value
$189,196
1-year appreciation
+6.4%
3-year appreciation
+14.1%
5-year appreciation
+26.5%
10-year appreciation
+71.3%
Peak value since 2000 (Apr 2026)
$190,692
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$187,500
Median list price
$181,950
Median price per sqft
$113
1-year sale-price change
+28.4%
Median days on market
43 days
Homes sold (recent period)
13
For-sale inventory
11
Sale-to-list ratio
93.0%
Active listings
10
New listings (monthly)
4

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$706/mo
1BR fair-market rent
$799/mo
2BR fair-market rent
$1,014/mo
3BR fair-market rent
$1,290/mo
4BR fair-market rent
$1,468/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
88.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
2
Elementary schools
1
Middle schools
0
High schools
1
Avg student-teacher ratio
11.8 : 1
Schools include
BERT RANEY ELEMENTARY SCHOOL, Yellow Medicine East Secondary

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Very Low
Top hazards (county)
heat wave, winter weather
Notable hazard ratings (county)
heat wave: Relatively Moderate · winter weather: Relatively Moderate · hail: Relatively Low · drought: Relatively Low · tornado: Relatively Low · cold wave: Relatively Low
Wildfire risk to homes (county)
Higher than 21% of US counties
Buildings in wildfire direct-exposure zone
44.9%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
45.0°F
Average high
57.0°F
Average low
34.0°F
Annual precipitation
28.9 in
Annual snowfall
43.5 in
USDA plant hardiness zone
4b (extreme annual low -25 to -20°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

Airports within 30 mi
13
Nearest airport
Fagen Field (3 mi)
Nearest major airport
Redwood Falls Municipal Airport (RWF) (33 mi)
Hospitals in or near this ZIP
1
Hospitals include
AVERA GRANITE FALLS
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
0 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1969
Housing built before 1970
51.0%
Housing built 2000 or later
11.6%
Median annual property tax
$1,813
Mean commute to work
15 min
Households with broadband internet
67.8%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
2,550
Average weekly wage
$951
Top industries (by employment)
Accommodation & Food, Wholesale Trade, Construction
Annual residential building permits (county)
40

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

Granite FallsState medianUS median
Typical home value$189,196$300,176$288,527
Median sale price$187,500$315,500$325,000
Median days on market43 days39 days51 days
Median annual property tax$1,813$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in Granite Falls, MN?
$189,196.
What is the median sale price in Granite Falls, MN?
$187,500.
How long do homes take to sell in Granite Falls, MN?
Median days on market: 43 days.
What is typical rent in Granite Falls, MN?
2-bedroom fair-market rent: $1,014/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Granite Falls, MN?
Overall risk: Very Low (FEMA NRI, county-level). Top hazards: heat wave, winter weather.
What is the wildfire risk in Granite Falls, MN?
Risk to homes is higher than 21% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Granite Falls, MN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Granite Falls, MN?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Granite Falls, MN?
2 schools (1 elementary, 1 high) (NCES, 2024-25).
What is the cost of living in Granite Falls, MN?
Regional Price Parity: 88.6 (100 = US average) (Low) (BEA RPP, metro/state-level).

ZIP code for Granite Falls

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents