Real Estate Investing in Granite Falls, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 3,829 • Yellow Medicine

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Should you buy in Granite Falls, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (83/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 8.0% vacancy may signal weakening demand.

What’s happening in Granite Falls, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.7% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $190,404
Avg Monthly Rent $954
ZIP Codes 1

Investing in Granite Falls Real Estate

This is a distressed-leaning corner of Minnesota: Granite Falls has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Investors considering Granite Falls, MN should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rents in Granite Falls at $954/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Granite Falls's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Granite Falls, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$190,404
Avg Monthly Rent
$954
1% Rule
✗ Below
Landlord Friendly (MN)

🎓 Colleges & Universities in Granite Falls

1 College 3,438 Students 1,732 Off-Campus Renters
C+
Minnesota West Community and Technical College
2-Year Public · 3,438 students
📍 ~1,732 students rent off-campus

Investor Insight: With 1,732 students living off-campus, Granite Falls has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Granite Falls, MN

Screen every ZIP in Granite Falls

Filter Granite Falls’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Granite Falls, MN

What price range are homes in Granite Falls, MN?

Homes in Granite Falls, MN typically sell near $190K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.

How qualified is the tenant pool in Granite Falls, MN?

Granite Falls, MN draws a predictable base of working renters. Demand at the $954/mo rent level is reasonable for standard single-family and small multi rentals.

Is real estate in Granite Falls, MN a good investment right now?

Our data puts Granite Falls, MN at 3.0/5 for investability. Home prices of $190K and rents around $954/mo create a solid backdrop for investor activity.

Is Granite Falls, MN good for house hacking?

Granite Falls, MN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $190K price point reasonable to enter.

Is Granite Falls, MN a friendly market for rental owners?

Granite Falls, MN operates under MN law, which is balanced overall for landlords. Expect consistent treatment in typical lease and eviction cases.

Community Ratings

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