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Granada

Learn about the people, housing, costs and businesses in Granada, Minnesota

Median Home$151,100
Median Rent$827/month
Population294
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade16% construction
Home Value Growth⬆⬆⬆+26.3% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners85% of occupied units
NotableAffordable Market$151k median home · lower cost than 74% of the country
Granada
MN

Frequently Asked Questions

What are today's mortgage rates in Granada?

As of today, the 30-year fixed mortgage rate for Granada is approximately 6.965% (7.004% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Granada?

The median home value in Granada is $151k. The median monthly rent is $827. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Granada?

Home values in Granada have increased 26.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Granada?

Based on a typical all-in ownership cost of $817/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Granada is $71k/year.

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What industries drive the economy in Granada?

The largest employment sectors in Granada are public administration (21%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.