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Granville County, NC

RANK #249 / 996  ·  POP 61,161  ·  NC

PROJECTED GROWTH: +1.8%

Granville County combines solid growth with real affordability — a rare combination.

[01] Why Granville County?

Granville County, North Carolina, offers a blend of rural character and accessibility to urban centers. Oxford, the county seat, holds historical significance as the home of John Penn, a signer of the Declaration of Independence. Located north of the Raleigh-Durham and Research Triangle Park areas, the county provides access to I-85, connecting residents to major interstates like I-40 and I-95. The community maintains a small-town atmosphere, with outdoor recreation opportunities including five lakes for boating and fishing, and an 80-acre athletic park with walking trails and various sports facilities.

Life in Granville County often involves a commute for those working in nearby cities, with an average one-way travel time of just over 30 minutes. The public school system serves approximately 6,600 students across 15 schools, including Granville Early College High School, which consistently ranks among the top schools in the state. The economy, historically rooted in tobacco, has diversified to include manufacturing, with companies producing cosmetics, tires, and clothing. Recent economic developments include a German company selecting Butner for its first U.S. expansion and grants for infrastructure improvements at Triangle North.

[02] Market Snapshot

Housing Ratio
3.4x

Undervalued relative to economy

GDP Growth
+2.9%

Above national median

Home Prices
-0.3%

Prices declining

Climate & Terrain
-0.9

Below-average climate & terrain

Price/Rent
19x

Above national median (13x)

Housing looks undervalued at 3.4x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Granville County U.S. National

The Numbers

DEMOGRAPHICS
Population
61,161
+0.5% YoY
Median Household Income
$68,079
Median Home Value
$208,600
-0.27% 12mo
Median Rent
$937
Average Annual Pay
$59,314
+5.8% YoY
Employment
20,301
0.0% YoY
Income-to-Home-Value
0.3264
More affordable than average
Migration Inflow
5.83%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$374,000
Days on Market
51
Moderate pace
Months of Supply
4.3
Balanced market
Sale-to-List Ratio
98.9%
Near asking price
Sold Above List
20.0%
Listings w/ Price Drops
32.5%
Building Permits (2024)
428
Single-Family Permits
308

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$50M
TOTAL
PROJECT AMOUNT STATUS
Community Solar Portfolio (multiple projects)
Various (SRE Utility Solar 1, Cypress Creek Renewables, Southern Power Co., Beam Renewable Energy)
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.9% 54 percentile
Population Growth +0.5% 52 percentile
Income Growth +12.3% 96 percentile
Vacancy Rate 0.8% 74 percentile
Home Price Change -0.3% 28 percentile
Price/Rent 19x 12 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Granville County, NC a good place to move to?

Granville County has a Boom Town Index score of 75/100, ranking #249 among 996 U.S. counties. With a median household income of $68,079, it's an above-average county on economic indicators.

Is Granville County affordable?

The median home value in Granville County is $208,600 with median rent at $937/month. The income-to-home-value ratio is 0.3264, which is more affordable than the national average.

Is Granville County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: 0.0%. Home values changed -0.3% in the past 12 months.

Are people moving to Granville County?

Yes — 5.83% of Granville County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Franklin County, KY 85 Genesee County, NY 85 White County, AR 85 Kent County, MI 85 Otter Tail County, MN 85 Adams County, IL 85 Johnson County, MO 85 Grant County, WI 85