Average Rent in Granville County, NC↓ Rents falling 28.9% YoY🔻 3rd cheapest in NC

Granville County, NC has rental prices ranging from $626/month to $1,277/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $630/month — 55% below the national average of $1,400/month. With a median household income of $70,975/year, spending $630/month on a 1-bedroom represents 11% of gross income — within the recommended 30% threshold.

How Granville County Compares

With an average 2-bedroom rent of $830/month, Granville County ranks #85 most expensive of the 87 cities tracked in North Carolina — more affordable than 94% of all US cities in our data.

The Granville County Rental Market

The Granville County, NC area has a population of about 61,439 and 23% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Granville County, NC have fallen by $338/month (28.9%) over the past year, from $1,168 to $830. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Affordability

To afford a 1-bedroom apartment in Granville County, NC without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $25,200. The local median household income of $70,975 exceeds that threshold by $45,775, making Granville County relatively accessible compared to local wages.

Economy & Jobs

Granville County, NC has an unemployment rate of 3.5%, 0.4 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Granville County, NC Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Granville County?

Break-even analysis and mortgage estimates based on local market data.

Living in Granville County

Cost of living, job market, crime rates, and moving cost estimates.