The typical owner-occupied home in Granby is worth about $567,100, 5% above the Colorado median of $539,400 and 70% above the national median of $332,700. Owners pay a median $1,887 a year in property taxes, about 0.33% of their home's value, lower than the Colorado rate of 0.48%. The median household earns $72,926 a year, so the median home costs 7.8 times the median income (5.6 times for Colorado). 65% of occupied homes here are lived in by their owners, and 80% of those owners still have a mortgage.
Granby at a glance
| Granby | Colorado | U.S. | |
|---|---|---|---|
| Median home value | $567,100 | $539,400 | $332,700 |
| Median property tax paid per year | $1,887 | $2,602 | $3,119 |
| Property tax as a share of value | 0.33% | 0.48% | 0.94% |
| Median household income | $72,926 | $95,470 | $80,734 |
| Homes lived in by their owners | 65% | 66% | 65% |
| Owner homes with a mortgage | 80% | 69% | 61% |
| Median monthly costs, owners with a mortgage | $2,111 | $2,326 | $1,963 |
| Those costs as a share of the owners' income | 24.0% | 22.1% | 21.0% |
| Median rent | $1,276 | $1,761 | $1,413 |
| Rent as a share of renters' income | 22.4% | 31.4% | 30.6% |
| Median year homes were built | 1999 | 1988 | 1980 |
| Vacant homes | 44.8% | 8.3% | 10.1% |
| Population | 2,270 | 5,862,189 | 334,922,499 |
What a typical home costs per month in Granby
At this week's average 30-year rate of 7.11%, buying the median Granby home of $567,100 with 20% down costs about $3,444 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,389, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $147,607 for the 20%-down payment. That payment is 57% of the median Granby household income of $72,926; at that income and 20% down, the 28% guideline points to a home of about $280,000.
The median rent here is $1,276 a month, so owning the median home costs about $2,168 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $113,420 |
|---|---|
| Loan amount | $453,680 |
| Principal and interest | $3,052 |
| Property taxes (0.33% a year) | $156 |
| Homeowners insurance (our estimate, 0.5% a year) | $236 |
| PMI | $0 |
| Total per month | $3,444 |
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| Down payment | $19,848 |
|---|---|
| Loan amount | $556,828 |
| Principal and interest | $3,746 |
| Property taxes (0.33% a year) | $156 |
| Homeowners insurance (our estimate, 0.5% a year) | $236 |
| FHA mortgage insurance | $251 |
| Total per month | $4,389 |
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Questions about home buying in Granby
What is the median home value in Granby?
About $567,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Granby?
Homeowners pay a median $1,887 a year, which is about 0.33% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Granby?
For the median home with 20% down at 7.11%, the payment is about $3,444 a month. Keeping that under 28% of gross income takes about $147,607 a year.
More about Granby
- Mortgage Refinance in Granby
- Debt Relief in Granby
- Home Equity Loans in Granby
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data