Grafton appreciation rates and housing market information

Grafton housing market information

With a population of 5,423, 2,468 total housing units (homes and apartments), and a median house value of $77,392, house prices in Grafton are some of the most affordable in West Virginia as well as the nation.

single-family detached homes are the single most common housing type in Grafton, accounting for 76.42% of the city's housing units. Other types of housing that are prevalent in Grafton include duplexes, homes converted to apartments, or other small apartment buildings (10.94%), large apartment complexes or high rise apartments (9.28%), mobile homes or trailers (2.55%), and a few row houses and other attached homes (0.81%).

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 64.51% of Grafton's homes, and 52.64% have either three or four bedrooms, which is average sized relative to America.

The housing in Grafton was primarily built before 1939 (45.10%), making the housing stock in Grafton some of the older overall in America, although there is a range of ages of homes in Grafton. The next most important Grafton housing age is 1940-1969 (30.63%), followed by 1970-1994 (22.49%). There's also some housing in Grafton built between 1995 and later (1.78%).

Grafton home appreciation rates

Real estate appreciation rates in Grafton have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.68% during the period.

NeighborhoodScout's data show that during the latest twelve months, Grafton home appreciation rates, at 1.94%, have been at or slightly above the national average. In the latest quarter, Grafton's appreciation rate has been 1.24%, which annualizes to a rate of 4.96%.

Relative to West Virginia, our data show that Grafton's latest annual appreciation rate is higher than 62% of the other cities and towns in West Virginia.