HomeMinnesotaChippewa CountyGranite Falls city
Granite Falls city, Minnesota: commercial real estate data.
Granite Falls city is a Census city of 2,685 people across 3.55 square miles of land, lying across Chippewa County and Yellow Medicine County. Median household income is $59,375, 74.5 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $1.7 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Granite Falls
What Granite Falls is
- Census place typecity
- Land area3.55 sq mi
- Water area0.24 sq mi
- Population per square mile of land757
- County holding the largest share of its areaChippewa County, 50.7 percent
- Counties this place lies inChippewa County 50.7 percent, Yellow Medicine County 49.3 percent
Granite Falls city crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Granite Falls
How many people live in Granite Falls
- Population2,685
- Median age40.3
- Population under 18543 plus or minus 112
- Share under 1820.2 percent
- Population 65 and over609
- Share 65 and over22.7 percent
- Households1,239
- Family households645
- Share of households that are families52.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Granite Falls
Income and work in Granite Falls
- Median household income$59,375
- Per capita income$38,349
- Civilian labor force1,341
- Employed1,278
- Unemployed63 plus or minus 51
- Unemployment rate4.7 percent plus or minus 3.8
- Adults 25 and over1,933
- Adults 25 and over with a high school diploma or higher89.4 percent
- Adults 25 and over with a bachelor degree or higher21.1 percent plus or minus 4.5
- Adults 25 and over with a graduate degree6.1 percent plus or minus 3.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Granite Falls
Housing in Granite Falls
- Housing units1,246
- Occupied units1,239
- Vacant units7 plus or minus 11
- Vacancy rate0.6 percent plus or minus 0.9
- Owner occupied923
- Renter occupied316 plus or minus 76
- Ownership rate74.5 percent
- Median owner-occupied home value$136,700
- Median gross rent, monthly$920
- Annual rent as a share of median income18.6 percent plus or minus 3.8
- Single family units971
- Share single family77.9 percent
- Units in buildings of two or more187 plus or minus 66
- Share in buildings of two or more15.0 percent plus or minus 5.1
- Mobile homes88 plus or minus 54
- Median year structure built1971
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Granite Falls
How Granite Falls gets to work
- Workers 16 and over who commute1,193
- Commuting under 15 minutes599 plus or minus 146
- Share commuting under 15 minutes50.2 percent plus or minus 10.2
- Commuting 30 minutes or more187 plus or minus 65
- Share commuting 30 minutes or more15.7 percent plus or minus 5.0
- Drove alone77.9 percent
- Carpooled13.0 percent plus or minus 5.9
- Public transport1.5 percent plus or minus 2.9
- Walked4.5 percent plus or minus 3.6
- Worked from home3.2 percent plus or minus 2.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Granite Falls
SBA loans in Granite Falls (7(a))
- Approvals3
- Gross approval$1,745,500
- Average approval$581,833
- Median approval$150,000
- Ninetieth percentile approval$1,582,500
- Largest approval$1,582,500
- Jobs supported21
- Jobs per approval7.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Granite Falls
SBA loans in Granite Falls (504)
- Approvals3
- Gross approval$1,192,000
- Average approval$397,333
- Median approval$476,000
- Largest approval$545,000
- Jobs supported7
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Chippewa County, not Granite Falls
Chippewa County context, not Granite Falls figures
These are Chippewa County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Granite Falls measurements.
- Establishments in Chippewa County372
- Employment at those establishments, Chippewa County4,524
- Covered employment, Chippewa County5,290
- Average annual pay, Chippewa County$52,949
- Average weekly wage, Chippewa County$1,018
- Housing units permitted, Chippewa County12
- Of those, single family, Chippewa County12
- County product, 2024, Chippewa County$773,803,000
- County product change over the prior year, Chippewa County-1.8 percent
- Average income of an arriving household, Chippewa County$49,371
Every figure in this section is published for Chippewa County as a whole and is not a measurement of Granite Falls. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Granite Falls questions, answered from the record.
How many people live in Granite Falls, Minnesota?
2,685, in 1,239 households. Granite Falls city covers 3.55 square miles of land, which is 757 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Granite Falls in?
Granite Falls lies in more than one. By area it is 50.7 percent in Chippewa County, 49.3 percent in Yellow Medicine County. This page sits under Chippewa County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Granite Falls?
$59,375. The median owner-occupied home is valued at $136,700. Median gross rent is $920 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Granite Falls businesses?
3 7(a) approvals totalling $1.7 m, across 3 lenders, median approval $150,000, plus 3 504 approvals worth $1.2 m. These count approvals to borrowers whose address is in Granite Falls, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Granite Falls borrowers get paid back?
No rate is published for Granite Falls. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Granite Falls figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Chippewa County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Granite Falls.
Is zoning published for Granite Falls?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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