The housing market in 56241 Granite Falls, MN is vibrant and growing. The median value of a house in this area is currently $159,100, which is significantly below the US median of $338,100. However, the 1 year house appreciation rate in Granite Falls is 13.39%, higher than the national average of 8.27%. This shows that the housing market in Granite Falls is outperforming the rest of the country. With such a high appreciation rate and low median house value, now is an excellent time for potential buyers to enter the market in 56241 Granite Falls, MN.
The median home cost in Granite Falls (zip 56241) is $159,100. Home appreciation the last 10 years has been 60.2%. Home Appreciation in Granite Falls (zip 56241) is up 12.6%.
Average Age of Homes
- The median age of Granite Falls (zip 56241) real estate is 50 years old
The Rental Market in Granite Falls (zip 56241)
- Renters make up 22.8% of the Granite Falls (zip 56241) population
- 0.0% of houses and apartments in Granite Falls (zip 56241), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.