The typical owner-occupied home in North Granby is worth about $384,500, 5% above the Connecticut median of $366,900 and 16% above the national median of $332,700. Owners pay a median $9,709 a year in property taxes, about 2.53% of their home's value, higher than the Connecticut rate of 1.81%. The median household earns $110,741 a year, so the median home costs 3.5 times the median income (3.8 times for Connecticut). 100% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
North Granby at a glance
| North Granby | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $384,500 | $366,900 | $332,700 |
| Median property tax paid per year | $9,709 | $6,643 | $3,119 |
| Property tax as a share of value | 2.53% | 1.81% | 0.94% |
| Median household income | $110,741 | $95,781 | $80,734 |
| Homes lived in by their owners | 100% | 66% | 65% |
| Owner homes with a mortgage | 63% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,557 | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 26.3% | 21.8% | 21.0% |
| Median rent | – | $1,488 | $1,413 |
| Median year homes were built | 1984 | 1967 | 1980 |
| Vacant homes | 7.4% | 7.0% | 10.1% |
| Population | 1,451 | 3,624,508 | 334,922,499 |
What a typical home costs per month in North Granby
At this week's average 30-year rate of 7.11%, buying the median North Granby home of $384,500 with 20% down costs about $3,040 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,681, 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 $130,290 for the 20%-down payment. That payment is 33% of the median North Granby household income of $110,741; at that income and 20% down, the 28% guideline points to a home of about $327,000.
| Down payment | $76,900 |
|---|---|
| Loan amount | $307,600 |
| Principal and interest | $2,069 |
| Property taxes (2.53% a year) | $811 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| PMI | $0 |
| Total per month | $3,040 |
Change the numbers in the calculator
| Down payment | $13,458 |
|---|---|
| Loan amount | $377,536 |
| Principal and interest | $2,540 |
| Property taxes (2.53% a year) | $811 |
| Homeowners insurance (our estimate, 0.5% a year) | $160 |
| FHA mortgage insurance | $170 |
| Total per month | $3,681 |
Change the numbers in the calculator
Questions about home buying in North Granby
What is the median home value in North Granby?
About $384,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in North Granby?
Homeowners pay a median $9,709 a year, which is about 2.53% 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 North Granby?
For the median home with 20% down at 7.11%, the payment is about $3,040 a month. Keeping that under 28% of gross income takes about $130,290 a year.
More about North Granby
- Mortgage Refinance in North Granby
- Debt Relief in North Granby
- Home Equity Loans in North 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