Grafton, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Grafton Neighborhoods Since 2000




Grafton, ND Real Estate Data


Grafton Housing Market Information

With 4,243 people, 1,904 houses or apartments, and a median cost of homes of $97,328, 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 60.92% 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 ( 15.27%), large apartment complexes or high rise apartments ( 10.90%), and a few mobile homes or trailers ( 6.48%).

People in Grafton primarily live in small (one, two or no bedroom) single-family detached homes. Grafton has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Grafton's housing was primarily built during this period, from the '40s through the '60s. A full 45.56% of the city's housing hails from this era. Other housing ages represented in Grafton include homes built between 1970-1999 ( 34.57%) and housing constructed before 1939 ( 17.43%). There's also some housing in Grafton built between 2000 and later ( 2.45%).

Grafton Home Appreciation Rates

In the last 10 years, Grafton has experienced some of the highest home appreciation rates of any community in the nation. Grafton real estate appreciated 40.85% over the last ten years, which is an average annual home appreciation rate of 3.48%, putting Grafton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grafton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Grafton that despite a nationwide downturn in the housing market, Grafton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grafton appreciation rates continue to be some of the highest in America, at 15.95%, which is higher than appreciation rates in 99.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grafton. Grafton appreciation rates in the latest quarter were at 3.25%, which equates to an annual appreciation rate of 13.63%.

Importantly, this makes Grafton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Dakota, our data show that Grafton's latest annual appreciation rate is higher than 90% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$97,328

Grafton, ND HOME PRICES

Value Range
> $1,181,000 0.0
$886,001 - $1,181,000 0.0
$591,001 - $886,000 0.0
$472,001 - $591,000 0.0
$354,001 - $472,000 0.4
$236,001 - $354,000 5.4
$118,001 - $236,000 22.3
$59,001 - $118,000 50.5
$0 - $59,000 21.4

Low for ND
Low for Nation

Value Relative to Nation Value Relative to State
79.2599320285949 69.0265486725664

Number Of Homes And Apartments:
1,904

Rent & Ownership

 

Average Market Rent:
$673 / per month

Homeownership Rate

Homeownership
Owners 58.88
Renters 41.12
Vacant 8.59

Housing Market Details

 

Age of Homes

AGE OF Grafton HOMES
2000 or Newer 2.4
1970 - 1999 34.6
1940 - 1969 45.6
1939 or Older 17.4

Types of Homes

TYPE OF Grafton HOMES
Single-Family 60.9
Townhomes 6.4
Small Apt. Buildings 15.3
Apt. Complexes 10.9
Mobile Homes 6.5
Other 0.0

Home Size

SIZE OF Grafton HOMES
No Bedroom 0.62
1 Bedroom 11.76
2 Bedrooms 38.36
3 Bedrooms 35.05
4 Bedrooms 11.86
5 or more bedrooms 2.35

Grafton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
39.54% 1.95% 1 5
* 10 is highest

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Zip Codes in Grafton, ND