The typical owner-occupied home in Granite is worth about $104,600, 48% below the Oklahoma median of $199,800 and 69% below the national median of $332,700. Owners pay a median $490 a year in property taxes, about 0.47% of their home's value, lower than the Oklahoma rate of 0.80%. The median household earns $60,000 a year, so the median home costs 1.7 times the median income (3.1 times for Oklahoma). 67% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Granite at a glance
| Granite | Oklahoma | U.S. | |
|---|---|---|---|
| Median home value | $104,600 | $199,800 | $332,700 |
| Median property tax paid per year | $490 | $1,599 | $3,119 |
| Property tax as a share of value | 0.47% | 0.80% | 0.94% |
| Median household income | $60,000 | $65,039 | $80,734 |
| Homes lived in by their owners | 67% | 66% | 65% |
| Owner homes with a mortgage | 48% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $1,048 | $1,539 | $1,963 |
| Those costs as a share of the owners' income | 16.5% | 19.6% | 21.0% |
| Median rent | $683 | $1,014 | $1,413 |
| Rent as a share of renters' income | 22.0% | 28.4% | 30.6% |
| Median year homes were built | 1973 | 1980 | 1980 |
| Vacant homes | 26.3% | 12.0% | 10.1% |
| Population | 1,650 | 4,028,634 | 334,922,499 |
What a typical home costs per month in Granite
At this week's average 30-year rate of 7.11%, buying the median Granite home of $104,600 with 20% down costs about $647 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $822, 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 $27,749 for the 20%-down payment. That payment is 13% of the median Granite household income of $60,000; at that income and 20% down, the 28% guideline points to a home of about $226,000.
The median rent here is $683 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,920 |
|---|---|
| Loan amount | $83,680 |
| Principal and interest | $563 |
| Property taxes (0.47% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $647 |
Change the numbers in the calculator
| Down payment | $3,661 |
|---|---|
| Loan amount | $102,705 |
| Principal and interest | $691 |
| Property taxes (0.47% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $822 |
Change the numbers in the calculator
Questions about home buying in Granite
What is the median home value in Granite?
About $104,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Granite?
Homeowners pay a median $490 a year, which is about 0.47% 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 Granite?
For the median home with 20% down at 7.11%, the payment is about $647 a month. Keeping that under 28% of gross income takes about $27,749 a year.
More about Granite
- Mortgage Refinance in Granite
- Debt Relief in Granite
- Home Equity Loans in Granite
- 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