Grafton appreciation rates and housing market information

Grafton housing market information

With 14,894 people, 5,828 houses or apartments, and a median cost of homes of $336,514, real estate costs in Grafton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

single-family detached homes are the single most common housing type in Grafton, accounting for 60.66% of the town's housing units. Other types of housing that are prevalent in Grafton include duplexes, homes converted to apartments, or other small apartment buildings (17.36%), large apartment complexes or high rise apartments (14.10%), and a few row houses and other attached homes (7.77%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Grafton. Owner-occupied housing accounts for 70.64% of Grafton's homes, and 60.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Grafton built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Grafton built from 1940-1969 (28.74%). A lesser amount of the housing stock also hails from 1939 and earlier (24.25%), and some were built from 1995 and later (24.25%).

Grafton home appreciation rates

Appreciation rates for homes in Grafton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.10%, which ranks in the top 40% nationwide. This equates to an annual average Grafton house appreciation rate of 8.41%.

Over the last year, Grafton appreciation rates have trailed the rest of the nation. In the last twelve months, Grafton's appreciation rate has been -5.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grafton were at -0.09%, which equates to an annual appreciation rate of -0.36%.

Relative to Massachusetts, our data show that Grafton's latest annual appreciation rate is higher than 37% of the other cities and towns in Massachusetts.