Granite Falls, NC 28630 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Granite Falls, NC—28630

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$250,000

2.6% YoY Growth

Household Income

$65,700

30.9% YoY Growth

Days on Market

16.0% Shorter YoY

Home Price Forecast

2.5%

Median Rent

$1,400

4.0% YoY Growth

1-Bed Rent

$1,000

N/A

2-Bed Rent

$1,250

35.0% YoY Growth

3-Bed Rent

$2,000

81.0% YoY Growth

Home Price Trends — Granite Falls, NC

As of Dec '25, the median home price in Granite Falls, NC is $250,000, with a year-over-year change of -2.6%. This indicates that home prices in Granite Falls, NC are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$250,000	-2.6%
Single Family	$250,000	-2.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Granite Falls, NC

As of July '25, Rentcast reports the average rent in Granite Falls, NC is $1,570, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Granite Falls, NC is studios: $1,500, 1-bedrooms: $1,000, 2-bedrooms: $1,260, 3-bedrooms: $2,100, 4-bedrooms: $2,000. The most common rental property sizes in Granite Falls, NC are 3-bedroom and 2-bedroom, accounting for 42.5% and 38.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,570
Studio Rent	$1,500	$1,500
1 Bed Rent	$1,000	$1,000
2 Bed Rent	$1,250	$1,260
3 Bed Rent	$2,000	$2,100
4 Bed Rent	$1,800	$2,000

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% of Rental Stock

1 Bedroom

10.8%

2 Bedrooms

38.9%

3 Bedrooms

42.5%

4 Bedrooms

7.8%

Property Listings — Granite Falls, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Granite Falls, NC is 48. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$325,000	10.0%
Listing Count	76	57.0%
Listings as % of Homes	0.4%	57.0%
Days on Market	58	-16.0%

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Demographics — Granite Falls, NC

As of the latest ACS Survey released in 2023, Granite Falls, NC has a population of 20,400, which has increased by 2.0% over the past 5 years. Granite Falls, NC is a moderately popular place for families, as children make up 20.6% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	20,400	2.0%
% Under 18	20.6%	-1.9%
% Seniors	21.2%	16.5%
% WFH	7.2%	44.0%
% w/ College Degree	18.2%	10.3%

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As of the latest ACS Survey released in 2023, Granite Falls, NC is a predominantly white area, with 87.4% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Granite Falls, NC is hispanic, making up 5.4% of the population. Foreign-born residents account for 1.9% of the population in Granite Falls, NC, and this percentage has decreased by 45.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	87.4%	-3.6%
% Black	2.0%	-13.0%
% Hispanic	5.4%	8.0%
% Asian	0.4%	-63.6%
% Foreign Born	1.9%	-45.7%

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Mortgage and Risk — Granite Falls, NC

According to HUD data as of 2023, there were 402 mortgage originations in Granite Falls, NC, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Granite Falls, NC. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	402
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Granite Falls, NC

As of 2024, the percent of homes in Granite Falls, NC under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Granite Falls, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	96
Total Units Section 8	96
% Rentals under Section 8	5.3%
% Occupied Section 8	85.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$90	$1,000	$910
2 Bedroom	-$130	$1,250	$1,120
3 Bedroom	-$570	$2,000	$1,430
4 Bedroom	-$120	$1,800	$1,680

Granite Falls, NC—28630

Key Metrics at a Glance

Home Price Trends — Granite Falls, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Granite Falls, NC

% of Rental Stock

Property Listings — Granite Falls, NC

Demographics — Granite Falls, NC

Race and Ethnicity

Mortgage and Risk — Granite Falls, NC

Mortgages

Rentals and Section 8 — Granite Falls, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Granite Falls, NC

Home Price to Income Ratio

Granite Falls, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Rhodhiss

Sawmills, NC

Hickory, NC

Hildebran, NC

Icard

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$250,000
Median Household Income	$65,700

Granite Falls, NC—28630

Key Metrics at a Glance

Home Price Trends — Granite Falls, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Granite Falls, NC

% of Rental Stock

Property Listings — Granite Falls, NC

Demographics — Granite Falls, NC

Race and Ethnicity

Mortgage and Risk — Granite Falls, NC

Mortgages

Rentals and Section 8 — Granite Falls, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Granite Falls, NC

Home Price to Income Ratio

Granite Falls, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Rhodhiss

Sawmills, NC

Hickory, NC

Hildebran, NC

Icard

Frequently Asked Questions

What is the average home price in Granite Falls, NC 28630?

How have home prices in Granite Falls, NC 28630 changed over the past year?

What is the home price projection for Granite Falls, NC 28630?

What are the demographics of Granite Falls, NC 28630?

How long does it take homes to sell in Granite Falls, NC 28630?

What is the average rent price in Granite Falls, NC 28630?