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Granite Falls

Learn about the people, housing, costs and businesses in Granite Falls, Washington

Median Home$588,911
Median Rent$1,655/month
Population4,691
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration11% arts, food & hospitality
Home Value Growth+5.7% over 2 years
Young Adults25% of residents
Homeowners90% of occupied units
NotableHighly Educated32% bachelor's · 15% graduate · top 6% nationally
NotableHigh Incomes$118k/year · top 9% nationally
Granite Falls
WA

Frequently Asked Questions

What are today's mortgage rates in Granite Falls?

As of today, the 30-year fixed mortgage rate for Granite Falls is approximately 6.836% (6.870% 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 Granite Falls?

The median home value in Granite Falls is $589k. The median monthly rent is $1,655. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Granite Falls?

Home values in Granite Falls have increased 5.7% over the past two years. This represents moderate growth. 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 Granite Falls?

Based on a typical all-in ownership cost of $2,059/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $88k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Granite Falls is $118k/year.

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What industries drive the economy in Granite Falls?

The largest employment sectors in Granite Falls are public administration (28%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.