Cost of Living in Granville County, North Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Granville County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Granville County, North Carolina
Granville balances strong income and rent
Granville residents spend 17.0% of their $70,975 median income on $1,008 rent—well below the national average and among the best rates nationally. The county's above-average income and below-average rent ratio create genuine affordability for working families.
Above-average incomes, below-average burden
Granville's rent-to-income ratio of 17.0% beats North Carolina's state average of 18.6%, and its median income of $70,975 ranks well above state norms. The county ranks in the top tier of North Carolina affordability, competing with Franklin for best value.
Second only to Franklin in affordability
Granville's $1,008 rent and 17.0% ratio come close to Franklin's superior 16.6% ratio, while offering higher rent than Franklin's $988. Granville edges Forsyth (19.1%) and Gaston (19.9%) meaningfully, offering better affordability for comparable urban amenities.
Renters and owners share similar costs
Renters pay $1,008 monthly while homeowners pay $1,103 on incomes averaging $70,975, with renters enjoying slightly better affordability. Annual housing costs for renters total $12,100, a reasonable burden on this income level.
Excellent choice near Raleigh-Durham area
Granville offers the Raleigh-Durham region's best rent-to-income balance, combining strong incomes with controlled housing costs just north of the metro. Residents enjoy rural character with access to urban job markets—Franklin remains slightly more affordable, but Granville rivals it with more housing options.
Affordability Calculator
See how your income compares to housing costs in Granville County
Rent Burden
17.0%
of gross income
Max Housing (28% Rule)
$1,656
per month
Owner Cost Burden
18.6%
of gross income
The median home in Granville County may be a stretch
Median home value is $235,700. Estimated monthly cost: $1,882 vs. your max of $1,656.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.