Graceville, MN
Population 586 · Minnesota
About Graceville, MN
Graceville is a small community located in Minnesota with a population of 586 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,667 per year, which is 31% below the national median of $75,149. The median age of 44.2 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 Graceville features a median home value of $101,700, which is 58% below the national median of $244,900. This makes Graceville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $703, 40% below the national average of $1,163/month. Of the 292 total housing units, 67% are owner-occupied (173 units) and 33% are renter-occupied (85 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Graceville shows an unemployment rate of 3.8%, which is near the national rate of 3.7%. The poverty rate stands at 23.4%, above the national average of 12.4%. Workers in Graceville have an average one-way commute time of 18.4 minutes, one of the shorter commutes in the region.
Education & Demographics
17.1% of Graceville 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 2.2% White, 3.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Graceville, MN
Compared to national averages, Graceville has a median household income of $51,667 (31% below the national median of $75,149). Home values average $101,700, which is 58% below the national median. Monthly rent at $703 is 40% below the US average of $1,163. Within Minnesota, Graceville's income is 30% below the state average of $74,221, and home values are 50% below the state median of $204,472.
Why Live in Graceville, MN?
Graceville offers affordable housing with a median home value of $101,700, below the US average of $244,900, and rent that’s lower than the national average at $703/month, and short commute times averaging just 18.4 minutes.
Potential considerations include median household income ($51,667) that falls below the national average. However, Graceville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Graceville has a population of 586 with a median age of 44.2 years. Compare Graceville with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Graceville
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marble | 588 | $54,688 | $102,700 | Compare |
| Halstad | 589 | $67,857 | $114,800 | Compare |
| Brooten | 582 | $47,500 | $128,900 | Compare |
| Rollingstone | 590 | $86,500 | $217,400 | Compare |
| Heron Lake | 591 | $66,607 | $86,200 | Compare |
| New Germany | 581 | $88,438 | $252,600 | Compare |
| Motley | 593 | $43,281 | $128,300 | Compare |
| Sunfish Lake | 594 | $250,001 | $1,109,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Graceville With Other Cities
Frequently Asked Questions about Graceville
What is the population of Graceville, MN?
The population of Graceville, MN is 586 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Graceville?
The median household income in Graceville, MN is $51,667 per year, which is 31% below the national median of $75,149.
What is the median home value in Graceville?
The median home value in Graceville, MN is $101,700, which is 58% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Graceville?
The median monthly rent in Graceville, MN is $703, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Graceville?
The unemployment rate in Graceville, MN is 3.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Graceville, MN a good place to live?
Graceville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 586 and a median age of 44.2, the city appeals to a broad range of residents.
How educated is Graceville, MN?
17.1% of residents in Graceville 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 Graceville?
Key cost-of-living indicators for Graceville, MN: median home value is $101,700 (58% below national), median rent is $703/month, and median household income is $51,667. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Graceville?
The poverty rate in Graceville, MN is 23.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Graceville, MN?
Graceville's population is 2.2% White, 3.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.5% two or more races. 1.7% of residents are foreign-born.