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City Report · CA

Granite Bay

Pop. 21,673·78th most expensive in California·One of the pricier rental markets in the US
Median rent (all units)
$3,516/mo
Year-over-Year
Stable
Month-over-Month
+1.6%
vs US Median
+$1,551
Rising (Monthly)
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Most AffordableMost Expensive
Granite Bay · $3,516
More expensive than 95% of US cities · National median $1,965/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $3,516/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$141,000/yr
Local median income
$184,606/yr
Based on the 30%-of-income rule using Granite Bay's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,520
1 BR
$2,670
2 BR
$3,310
3 BR
$4,490
4 BR+
$5,180
Research median
$3,310/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$42,192/yr
At $3,516/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.6% MoM), not inventory.
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Demographics

Who lives here

Granite Bay, CA is majority owner-occupied, has a large retiree population, has a median income above the national average, 63.7% of residents hold a bachelor's degree or higher.

Population
21,673
Median income
$184,606
Median age
47.2
Renters
10%
Age distribution
22.7%
26.9%
16.3%
22.5%
Under 1822.7%
18–3411.7%
35–5426.9%
55–6416.3%
65+22.5%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
75.5%
White75.5%
Black1%
Hispanic8.7%
Asian9.8%
Other5.1%
Education (25+)
24.5%
63.7%
No HS diploma2.1%
HS diploma9.6%
Some college24.5%
Bachelor's+63.7%
Housing tenure
90%
Owner90%
Renter10%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Granite Bay, CA has changed in 5 years

Income
$161,557 → $184,606
up 14.3%
Population
21,673 → 21,673
up 0.0%
Renter share
9.6% → 10%
+0.4 pts
Bachelor's+
58.1% → 63.7%
+5.6 pts
Median age
48.2 → 47.2
-1.0 yrs

Census figures show median household income at $184,606 today, compared with $161,557 five years earlier. College-educated residents now make up 63.7% of adults here, versus 58.1% in 2021.

Community

Discussions about Granite Bay

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View Granite Bay rent history (2015–2026) →
Salary vs rent

Can you afford rent in Granite Bay on your salary?

At $3,516/mo, how Granite Bay rent compares to typical pay (30% rule).

By apartment size

Granite Bay rent by bedroom count

Median rent for each apartment size in Granite Bay. Click any size for full breakdown.

Local insights

Tips for renters in Granite Bay

About renting in Granite Bay, CA

Last updated: June 22, 2026

The median rent in Granite Bay is $3,516/mo as of June 2026. A studio apartment averages $2,520/mo while a 2-bedroom runs $3,310/mo. One-bedroom apartments average $2,670/mo and 3-bedroom units go for $4,490/mo.

At 23% of local median household income ($184,606/yr), Granite Bay ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Granite Bay an affordable city for renters?

Granite Bay is considered very affordable for renters. At $3,516/mo, rent takes approximately 23% of the local median household income ($184,606/yr). The standard benchmark is 30%. Granite Bay falls comfortably within that range.

How much income do you need to rent in Granite Bay?

To keep rent at or below 30% of gross income, you would need to earn at least $141,000/year (~$68/hour full-time) to afford the median rent of $3,516/mo in Granite Bay. The local median household income is $184,606/yr, meaning the typical Granite Bay household meets that threshold.

Is rent going up or down in Granite Bay?

Rent in Granite Bay has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Granite Bay rent compare to other cities in California?

Granite Bay is one of the pricier cities in California for rent, ranking #78 out of 384 tracked cities at $3,516/mo.

Which nearby cities are cheaper to rent in than Granite Bay?

Several nearby cities have lower median rents than Granite Bay ($3,516/mo): Citrus Heights ($1,931/mo), Fair Oaks ($2,038/mo), Orangevale ($2,063/mo).

What percentage of Granite Bay residents rent vs. own?

According to Census data, approximately 10% of Granite Bay households are renters, while 90% are owner-occupied. Granite Bay leans toward homeownership, which can mean a smaller rental inventory.

How does Granite Bay rent compare to the national average?

Granite Bay's median rent of $3,516/mo is $1,551 (79%) above the US national median of $1,965/mo. Within California, it ranks #78 out of 384 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $3,516/mo, rent takes ~23% of Granite Bay's median household income ($184,606/yr). The standard benchmark is 30%.

Granite Bay 23%Benchmark 30%
State income tax1–13.3%
Run the Granite Bay affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Granite Bay, CA

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