Granville, IA
Population 255 · Iowa
About Granville, IA
Granville is a small community located in Iowa with a population of 255 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,958 per year, which is 8% below the national median of $75,149. The median age of 59.9 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 $156,300, which is 36% below the national median of $244,900. This positions Granville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,089, 6% below the national average of $1,163/month. Of the 136 total housing units, 92% are owner-occupied (120 units) and 8% are renter-occupied (11 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Granville shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Granville have an average one-way commute time of 14 minutes, one of the shorter commutes in the region.
Education & Demographics
20.0% 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 0.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Granville, IA
Compared to national averages, Granville has a median household income of $68,958 (8% below the national median of $75,149). Home values average $156,300, which is 36% below the national median. Monthly rent at $1,089 is 6% below the US average of $1,163. Within Iowa, Granville's income is 1% above the state average of $67,947, and home values are 18% above the state median of $132,237.
Why Live in Granville, IA?
Granville offers affordable housing with a median home value of $156,300, below the US average of $244,900, and rent that’s lower than the national average at $1,089/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 6.7%, better than the national average, and short commute times averaging just 14 minutes.
Potential considerations include median household income ($68,958) 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 255 with a median age of 59.9 years. Compare Granville with other cities to see how it stacks up, or explore all cities in Iowa.
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Demographics
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Economy & Education
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Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Granville
What is the population of Granville, IA?
The population of Granville, IA is 255 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Granville?
The median household income in Granville, IA is $68,958 per year, which is 8% below the national median of $75,149.
What is the median home value in Granville?
The median home value in Granville, IA is $156,300, which is 36% 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, IA is $1,089, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Granville?
The unemployment rate in Granville, IA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Granville, IA a good place to live?
Granville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 255 and a median age of 59.9, the city appeals to established professionals and retirees.
How educated is Granville, IA?
20.0% 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, IA: median home value is $156,300 (36% below national), median rent is $1,089/month, and median household income is $68,958. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Granville?
The poverty rate in Granville, IA is 6.7%, 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, IA?
Granville's population is 0.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.8% of residents are foreign-born.