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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Grafton, ND Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grafton, ND Housing Market Trends

With 4,120 people, 1,751 houses or apartments, and a median cost of homes of $155,389, house prices in Grafton are solidly below the national average.

Single-family detached homes are the single most common housing type in Grafton, accounting for 64.65% of the city's housing units. Other types of housing that are prevalent in Grafton include large apartment complexes or high rise apartments ( 20.89%), duplexes, homes converted to apartments or other small apartment buildings ( 5.64%), and a few mobile homes or trailers ( 5.59%).

The most prevalent building size and type in Grafton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.19% owning and 39.81% renting.

There is a lot of housing in Grafton built from 1970 to 1999 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 between 1940-1969 ( 37.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.86%). There's also some housing in Grafton built before 1939 ( 10.81%).

Grafton Home Appreciation Rates

Grafton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Grafton during the period has been just 4.93%, which is lower than 70% of US communities.

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 3.92%, 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 1.91%, which equates to an annual appreciation rate of 7.86%.

Relative to North Dakota, our data show that Grafton's latest annual appreciation rate is higher than 70% of the other cities and towns in North Dakota.

Average Home Values

Median Home Value

$155,389

Grafton, ND Home Prices
> $1,269,000
$952,001 - $1,269,000
$634,001 - $952,000
$507,001 - $634,000
$381,001 - $507,000
$254,001 - $381,000
$127,001 - $254,000
$64,001 - $127,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
0.7%
0.7%
2.5%
2.5%
2.5%
2.5%
16.1%
16.1%
30.4%
30.4%
25.7%
25.7%
22.1%
22.1%
0% 100.0%
% of Homes
Low

for North dakota

Very Low

for nation

Number of Homes And Apartments:

1,751

Grafton Appreciation Rates

Rent & Ownership

Average Market Rent:

$858 / per month

Homeownership Rate

Owners
Renters
60.2%
60.2%
39.8%
39.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.6%
8.6%
91.4%
91.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.9%
10.9%
41.1%
41.1%
37.2%
37.2%
10.8%
10.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.6%
64.6%
3.2%
3.2%
5.6%
5.6%
20.9%
20.9%
5.6%
5.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
12.4%
12.4%
28.3%
28.3%
43.8%
43.8%
7.6%
7.6%
5.3%
5.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Grafton

Popular Communities Near Grafton, ND

Zip Codes in Grafton, ND