Quick facts: Granville, IL

Quick Facts

102.4
Cost of Living
above US average
1,328
Population
1.51
Crime Rate per 1000
below US average
$65,577
Median Income
below US average
$185,000
Median House Price
above US average
$1707
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $65,577.

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Income Needed to Buy

βœ“ Affordable
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,577) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1707/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $65,577
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Granville, IL

Granville, located in Putnam County, Illinois, is a small, charming village with a rich history and a close-knit community. Historically rooted in agriculture, the village was established in the mid-19th century and features a picturesque landscape typical of rural Illinois, characterized by rolling hills and scenic views. The population of Granville is modest, fostering a friendly, welcoming environment. Community events and local festivals are a staple, helping to strengthen the bonds among residents. The area is known for its recreational opportunities, with nearby parks and waterways promoting outdoor activities like fishing and hiking. Granville is conveniently situated near larger cities, providing residents access to more urban amenities while still enjoying a peaceful, small-town atmosphere. The local economy is supported by agriculture, small businesses, and local services, making it a unique blend of rural charm and access to modern conveniences. Whether you’re interested in history, nature, or simply a quiet place to live, Granville offers a quaint lifestyle amidst the beauty of Illinois countryside.

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