Cost of Living & Housing in Granbury
Granbury runs affordable relative to the US national median: Redfin cites a $350,000 median sale price (down 11.9% year over year), though other sources put the figure anywhere from $348K to $395K depending on the time window -- a real, disclosed spread rather than one precise number. Property taxes (0.92% effective rate) and homeowners insurance (~$1,501/yr average) both run below national and Texas-wide norms respectively.
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Learn moreHousing Prices: A Real Range, Not One Number
Redfin cites a $350,000 median sale price, down 11.9% year over year. Orchard cites $348,333 over the trailing 30 days (up 4.5% YoY); Movoto cites a $395,000 median list price for August 2026 (down 5% month over month); Will It Flow cites $385,000 as of May 2026 (up 16.7% YoY). Treat $348K-$395K as the plausible range. Either way, this sits at or modestly below the $408,776 US national median sale price for June 2026 (Redfin national data).
Property Taxes Run Below National and State Medians
Ownwell's median effective property tax rate for Granbury is 0.92%, below both the Texas state median (1.48%) and the national median (1.02%) it cites. Actual bills vary by ZIP code -- from about $1,718 in 76048 to $2,465 in 76049 -- reflecting differing school-district levies and local assessment districts. Hood County commissioners adopted the no-new-revenue rate as the basis for the FY2025 budget; check the Hood Central Appraisal District directly for a specific parcel's current combined rate.
Homeowners Insurance: Below the Texas Average, With Real Wind/Hail Exposure
One aggregator (TGS Insurance) cites an average $1,501/year homeowners premium in Granbury, described as $2,228 less than a cited Texas state average of $3,429/year -- a single-source estimate that was not independently cross-checked this session, so treat it as directional. Texas leads the nation in average annual tornadoes (roughly 136/year) and in hail events, which shows up in wind/hail deductibles even where the base premium reads low -- get an address-specific quote.
Income and Overall Affordability
Median household income in Granbury is $73,516; households headed by someone 65 or older report a lower median of $50,905, a real fixed-income cohort given the city's retiree draw. Texas's no state income tax applies fully to that income.
Key takeaways
- Granbury's median sale price runs $348K-$395K depending on source and time window -- at or modestly below the $408,776 US national median for June 2026.
- Effective property tax rate (0.92% per Ownwell) sits below both the Texas state median (1.48%) and the national median (1.02%).
- One aggregator cites average homeowners insurance around $1,501/year, well below a cited Texas average of $3,429/year -- treat as directional and get a local quote given real statewide tornado/hail exposure.
- No state income tax applies to all income, including the retirement income that supports a real share of the local population.
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