Granite Falls, MN Real Estate
According to census data in the year 2000 there were 1,474 housing units in Granite Falls.
This represents a 5.2% growth from 1,401 in 1990.
Of those housing units, 1,444 were located in either urbanized areas or urban clusters, and 30 were located in what is classified as a rural area.
Homeownership rate in Granite Falls is about 70.1%.
Granite Falls's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Granite Falls were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 12.60% |
| Two Bedrooms | 32.10% |
| Three Bedrooms | 36.60% |
| Four Bedrooms | 15.50% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $64,400 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.73 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $350 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 40.40% |
| Debt Free | 46.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.7% |
