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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,662 people, 1,706 houses or apartments, and a median cost of homes of $122,731, house prices in Granite Falls are solidly below the national average.
Single-family detached homes are the single most common housing type in Granite Falls, accounting for 74.51% of the town's housing units. Other types of housing that are prevalent in Granite Falls include large apartment complexes or high rise apartments ( 16.55%), mobile homes or trailers ( 4.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.64%).
The most prevalent building size and type in Granite Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.52% owning and 38.48% renting.
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 1940-1969 ( 25.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.48%). There's also some housing in Granite Falls built before 1939 ( 11.55%).
Vacant housing appears to be an issue in Granite Falls. Fully 17.18% of the housing stock is classified as vacant. Left unchecked, vacant Granite Falls homes and apartments can be a drag on the real estate market, holding Granite Falls real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Granite Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.25% during the period.
NeighborhoodScout's data show that during the latest twelve months, Granite Falls's appreciation rate, at 3.72%, has been at or slightly above the national average. In the latest quarter, Granite Falls's appreciation rate has been -1.33%, which annualizes to a rate of -5.22%.
Notably, Granite Falls's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Granite Falls's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
|$806,001 - $1,075,000||0.6|
|$538,001 - $806,000||0.8|
|$430,001 - $538,000||1.9|
|$323,001 - $430,000||1.8|
|$215,001 - $323,000||7.5|
|$108,001 - $215,000||46.1|
|$54,001 - $108,000||29.2|
|$0 - $54,000||11.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Granite Falls HOMES|
|2000 or Newer||12.5|
|1970 - 1999||50.7|
|1940 - 1969||25.3|
|1939 or Older||11.6|
|TYPE OF Granite Falls HOMES|
|Small Apt. Buildings||3.6|
|SIZE OF Granite Falls HOMES|
|5 or more bedrooms||2.14|