The typical owner-occupied home in Granby is worth about $340,100, 39% below the Massachusetts median of $562,100 and about the same as the national median of $332,700. Owners pay a median $6,088 a year in property taxes, about 1.79% of their home's value, higher than the Massachusetts rate of 1.07%. The median household earns $135,750 a year, so the median home costs 2.5 times the median income (5.4 times for Massachusetts). 93% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Granby at a glance
| Granby | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $340,100 | $562,100 | $332,700 |
| Median property tax paid per year | $6,088 | $5,992 | $3,119 |
| Property tax as a share of value | 1.79% | 1.07% | 0.94% |
| Median household income | $135,750 | $103,960 | $80,734 |
| Homes lived in by their owners | 93% | 63% | 65% |
| Owner homes with a mortgage | 70% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,630 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 21.9% | 21.0% |
| Median rent | – | $1,762 | $1,413 |
| Median year homes were built | 1971 | 1964 | 1980 |
| Vacant homes | 12.8% | 8.1% | 10.1% |
| Population | 1,152 | 7,044,056 | 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 $340,100 with 20% down costs about $2,479 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,046, 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 $106,257 for the 20%-down payment. That payment is 22% of the median Granby household income of $135,750; at that income and 20% down, the 28% guideline points to a home of about $435,000.
| Down payment | $68,020 |
|---|---|
| Loan amount | $272,080 |
| Principal and interest | $1,830 |
| Property taxes (1.79% a year) | $507 |
| Homeowners insurance (our estimate, 0.5% a year) | $142 |
| PMI | $0 |
| Total per month | $2,479 |
Change the numbers in the calculator
| Down payment | $11,904 |
|---|---|
| Loan amount | $333,940 |
| Principal and interest | $2,246 |
| Property taxes (1.79% a year) | $507 |
| Homeowners insurance (our estimate, 0.5% a year) | $142 |
| FHA mortgage insurance | $150 |
| Total per month | $3,046 |
Change the numbers in the calculator
Questions about home buying in Granby
What is the median home value in Granby?
About $340,100 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 $6,088 a year, which is about 1.79% 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 $2,479 a month. Keeping that under 28% of gross income takes about $106,257 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