The typical owner-occupied home in Granville is worth about $502,300, 2.3 times the Ohio median of $214,800 and 51% above the national median of $332,700. Owners pay a median $8,027 a year in property taxes, about 1.60% of their home's value, higher than the Ohio rate of 1.31%. The median household earns $124,408 a year, so the median home costs 4.0 times the median income (3.0 times for Ohio). 82% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Granville at a glance
| Granville | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $502,300 | $214,800 | $332,700 |
| Median property tax paid per year | $8,027 | $2,822 | $3,119 |
| Property tax as a share of value | 1.60% | 1.31% | 0.94% |
| Median household income | $124,408 | $71,389 | $80,734 |
| Homes lived in by their owners | 82% | 67% | 65% |
| Owner homes with a mortgage | 60% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,721 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 24.8% | 18.6% | 21.0% |
| Median rent | $1,129 | $1,034 | $1,413 |
| Rent as a share of renters' income | 26.5% | 28.3% | 30.6% |
| Median year homes were built | 1987 | 1970 | 1980 |
| Vacant homes | 7.3% | 8.1% | 10.1% |
| Population | 5,999 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Granville
At this week's average 30-year rate of 7.11%, buying the median Granville home of $502,300 with 20% down costs about $3,582 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,419, 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 $153,524 for the 20%-down payment. That payment is 35% of the median Granville household income of $124,408; at that income and 20% down, the 28% guideline points to a home of about $407,000.
The median rent here is $1,129 a month, so owning the median home costs about $2,453 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $100,460 |
|---|---|
| Loan amount | $401,840 |
| Principal and interest | $2,703 |
| Property taxes (1.60% a year) | $670 |
| Homeowners insurance (our estimate, 0.5% a year) | $209 |
| PMI | $0 |
| Total per month | $3,582 |
Change the numbers in the calculator
| Down payment | $17,580 |
|---|---|
| Loan amount | $493,202 |
| Principal and interest | $3,318 |
| Property taxes (1.60% a year) | $670 |
| Homeowners insurance (our estimate, 0.5% a year) | $209 |
| FHA mortgage insurance | $222 |
| Total per month | $4,419 |
Change the numbers in the calculator
Questions about home buying in Granville
What is the median home value in Granville?
About $502,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Granville?
Homeowners pay a median $8,027 a year, which is about 1.60% 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 Granville?
For the median home with 20% down at 7.11%, the payment is about $3,582 a month. Keeping that under 28% of gross income takes about $153,524 a year.
More about Granville
- Mortgage Refinance in Granville
- Debt Relief in Granville
- Home Equity Loans in Granville
- 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