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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Granite Falls, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Granite Falls, NC Housing Market Trends

With a population of 4,926, 1,686 total housing units (homes and apartments), and a median house value of $247,922, Granite Falls real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Granite Falls, accounting for 69.61% of the town's housing units. Other types of housing that are prevalent in Granite Falls include large apartment complexes or high rise apartments ( 10.83%), mobile homes or trailers ( 9.58%), and a few row houses and other attached homes ( 5.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Granite Falls. Owner-occupied housing accounts for 68.69% of Granite Falls's homes, and 62.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Granite Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Granite Falls built between 2000 and later ( 27.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.67%). There's also some housing in Granite Falls built before 1939 ( 10.95%).

Granite Falls Home Appreciation Rates

Appreciation rates for homes in Granite Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.88%, which ranks in the top 40% nationwide. This equates to an annual average Granite Falls house appreciation rate of 6.68%.

NeighborhoodScout's data show that during the latest twelve months, Granite Falls's appreciation rate, at 4.84%, has been at or slightly above the national average. In the latest quarter, Granite Falls's appreciation rate has been 1.41%, which annualizes to a rate of 5.75%.

Relative to North Carolina, our data show that Granite Falls's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Granite Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Granite Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Granite Falls real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$247,922

Granite Falls, NC Home Prices
> $1,345,000
$1,009,001 - $1,345,000
$673,001 - $1,009,000
$538,001 - $673,000
$404,001 - $538,000
$269,001 - $404,000
$135,001 - $269,000
$67,001 - $135,000
$0 - $67,000
1.3%
1.3%
1.1%
1.1%
6.3%
6.3%
3.0%
3.0%
12.0%
12.0%
20.7%
20.7%
36.1%
36.1%
15.6%
15.6%
3.9%
3.9%
0% 100.0%
% of Homes
Average

for North carolina

Average

for nation

Number of Homes And Apartments:

1,686

Granite Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,422 / per month

Homeownership Rate

Owners
Renters
68.7%
68.7%
31.3%
31.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.9%
3.9%
96.1%
96.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.8%
27.8%
43.6%
43.6%
17.7%
17.7%
10.9%
10.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.6%
69.6%
5.0%
5.0%
5.0%
5.0%
10.8%
10.8%
9.6%
9.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.5%
0.5%
4.4%
4.4%
26.9%
26.9%
49.3%
49.3%
12.8%
12.8%
6.0%
6.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Granite Falls

Zip Codes in Granite Falls, NC