Quick facts: Granville, IA

Quick Facts

96.6
Cost of Living
below US average
305
Population
32.79
Crime Rate per 1000
above US average
$58,750
Median Income
below US average
$619,000
Median House Price
above US average
$1132
Average Rent
below US average
5%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $58,750.

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Income Needed to Buy

βœ— Stretch
$194k/year
Based on $619,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $194k vs median $58,750
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Income Needed to Rent

βœ“ Affordable
$49k/year
Based on $1132/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($58,750) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Granville, IA

Granville is a small town located in Sioux County in northwest Iowa. It boasts a close-knit community atmosphere, making it an ideal place for families and those seeking a quieter lifestyle. The town is known for its strong Dutch heritage, evidenced by local events and cultural celebrations. Granville offers basic amenities, including essential shops, dining options, and recreational activities. The surrounding area features picturesque farmland and scenic views, making it a great spot for outdoor enthusiasts. Residents engage in various community events throughout the year, fostering a sense of unity among locals. Granville is also conveniently located near larger towns such as Orange City and Sheldon, providing access to more extensive shopping, dining, and entertainment options. Overall, Granville's charm lies in its small-town feel, rich traditions, and community spirit, making it a welcoming place for both residents and visitors.

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