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Grannis

Learn about the people, housing, costs and businesses in Grannis, Arkansas

Median Home$97,900
Median Rent$658/month
Population577
Leading IndustriesTransportation · Professional Services7% transportation
Home Value Growth⬆⬆+17.8% over 2 years
Retirees27% of residentsabove average nationally
Homeowners80% of occupied units
NotableAffordable Market$98k median home · lower cost than 93% of the country
Grannis
AR

Frequently Asked Questions

What are today's mortgage rates in Grannis?

As of today, the 30-year fixed mortgage rate for Grannis is approximately 6.976% (7.015% 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 Grannis?

The median home value in Grannis is $98k. The median monthly rent is $658. Annual property taxes average $524. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grannis?

Home values in Grannis have increased 17.8% 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 Grannis?

Based on a typical all-in ownership cost of $460/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grannis is $52k/year.

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What industries drive the economy in Grannis?

The largest employment sectors in Grannis are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.