Granville, IL
Population 1,463 · Illinois
About Granville, IL
Granville is a small town located in Illinois with a population of 1,463 residents according to the latest US Census Bureau American Community Survey data. The median household income is $70,893 per year, which is 6% below the national median of $75,149. The median age of 43.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Granville features a median home value of $134,300, which is 45% below the national median of $244,900. This makes Granville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $732, 37% below the national average of $1,163/month. Of the 721 total housing units, 78% are owner-occupied (496 units) and 22% are renter-occupied (140 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Granville shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Granville have an average one-way commute time of 24.3 minutes.
Education & Demographics
22.8% of Granville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 10.1% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 2.5% Asian residents, with 2.7% of the population being foreign-born.
Cost of Living in Granville, IL
Compared to national averages, Granville has a median household income of $70,893 (6% below the national median of $75,149). Home values average $134,300, which is 45% below the national median. Monthly rent at $732 is 37% below the US average of $1,163. Within Illinois, Granville's income is 6% below the state average of $75,072, and home values are 19% below the state median of $165,779.
Why Live in Granville, IL?
Granville offers affordable housing with a median home value of $134,300, below the US average of $244,900, and rent that’s lower than the national average at $732/month, and a low poverty rate of 5.8%, better than the national average. Additionally, the city features short commute times averaging just 24.3 minutes.
Potential considerations include median household income ($70,893) that falls below the national average. However, Granville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Granville has a population of 1,463 with a median age of 43.5 years. Compare Granville with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Granville
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Philo | 1,461 | $103,438 | $198,100 | Compare |
| Hebron | 1,458 | $86,964 | $213,400 | Compare |
| Hartford | 1,456 | $39,364 | $65,800 | Compare |
| Waverly | 1,456 | $55,882 | $97,600 | Compare |
| Downs | 1,451 | $106,809 | $237,700 | Compare |
| Dunlap | 1,448 | $137,240 | $283,800 | Compare |
| Barry | 1,442 | $66,017 | $88,600 | Compare |
| Durand | 1,485 | $63,542 | $130,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Granville With Other Cities
Frequently Asked Questions about Granville
What is the population of Granville, IL?
The population of Granville, IL is 1,463 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Granville?
The median household income in Granville, IL is $70,893 per year, which is 6% below the national median of $75,149.
What is the median home value in Granville?
The median home value in Granville, IL is $134,300, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Granville?
The median monthly rent in Granville, IL is $732, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Granville?
The unemployment rate in Granville, IL is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Granville, IL a good place to live?
Granville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,463 and a median age of 43.5, the city appeals to a broad range of residents.
How educated is Granville, IL?
22.8% of residents in Granville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Granville?
Key cost-of-living indicators for Granville, IL: median home value is $134,300 (45% below national), median rent is $732/month, and median household income is $70,893. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Granville?
The poverty rate in Granville, IL is 5.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Granville, IL?
Granville's population is 10.1% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 2.5% Asian, and 0.5% two or more races. 2.7% of residents are foreign-born.