Skip to main content

MN area data

Granite Falls, MN

Granite Falls, MN.

Population: 3,933 (Census ACS)

Home values & appreciation

Median home value
$190,404
1-year appreciation
+6.7%
3-year appreciation
+13.8%
5-year appreciation
+28.5%
10-year appreciation
+71.3%
All-time peak (2026-04)
$192,052
House Price Index
429.3 (+3.3% YoY)

Market activity

New listings (monthly)
4

Affordability

Cost of living index (Below Average)
90.0 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
1

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
heatWave, winterWeather

Climate (30-year normals)

Average annual temperature
45.0°F
Average high
57.0°F
Average low
34.0°F
Annual precipitation
29.0 in
Annual snowfall
46.7 in

Amenities

Nearest airport
Fagen Field (3 mi)
Nearest major airport
Redwood Falls Municipal Airport (RWF) (33 mi)
Hospitals nearby (~15 mi)
1
Solar radiation rating
Fair (3.9 kWh/m²/day)

Migration

Net migration
0 tax filers

Housing stock

Median year housing built
1,969
Median annual property tax
$1,813
Mean commute to work
15 min
Households with broadband internet
67.8%

Employment & development

Total county employment
2,664
Average weekly wage
$890
Top industries (by employment)
Accommodation & Food, Wholesale Trade, Construction
Annual residential building permits (county)
39

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

Data last updated

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

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