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Granite Falls, MN Home Values and Rents
The typical home value in Granite Falls is $152,474, 327th highest of 363 cities and towns in Minnesota. Median rent is $920 a month.
- Typical home value
- $152,474
- 327th of 363 in MN
- Median rent
- $920/mo
- ACS 2020-2024
- Price change, 1 year
- +4.5%
- Sep 2026
- Homeownership
- 74.5%
- MN: 72.2%
Typical home value in Granite Falls
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Granite Falls |
|---|---|
| Sep 2026 | $152,474 |
| Dec 2025 | $148,236 |
| Dec 2024 | $140,631 |
| Dec 2023 | $137,703 |
| Dec 2022 | $140,529 |
| Dec 2021 | $132,048 |
| Dec 2020 | $111,460 |
| Dec 2019 | $103,376 |
| Dec 2018 | $94,952 |
| Dec 2017 | $97,179 |
| Dec 2016 | $94,103 |
| Dec 2015 | $90,896 |
| Dec 2014 | $87,769 |
| Dec 2013 | $85,578 |
| Dec 2012 | $81,215 |
Over five years, Granite Falls prices changed +19.3%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Yellow Medicine County, MN
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $706 | +5.2% |
| 1 bedroom | $799 | +6.1% |
| 2 bedrooms | $1,014 | +4.2% |
| 3 bedrooms | $1,290 | +10.4% |
| 4 bedrooms | $1,468 | +11.9% |
Frequently asked questions
- What is the typical home value in Granite Falls, MN?
- The typical home value in Granite Falls is $152,474 (Zillow Home Value Index, Sep 2026). The Minnesota median is $329,300.
- How much is rent in Granite Falls?
- The median rent in Granite Falls is $920 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
- Are home prices going up in Granite Falls?
- The typical home value in Granite Falls changed +4.5% over one year and +19.3% over five years, as of Sep 2026.
- How does Granite Falls compare with the rest of Minnesota?
- Granite Falls has the 327th highest median home value of 363 cities and towns with 1,000+ residents in Minnesota.