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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, OH 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, OH Housing Market Trends

With 5,580 people, 916 houses or apartments, and a median cost of homes of $311,081, Grafton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Grafton, accounting for 85.71% of the village's housing units. Other types of housing that are prevalent in Grafton include duplexes, homes converted to apartments or other small apartment buildings ( 6.45%), large apartment complexes or high rise apartments ( 5.85%), and a few row houses and other attached homes ( 1.98%).

The most prevalent building size and type in Grafton are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 35.05% owning and 64.95% 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 2000 and later ( 24.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.52%). There's also some housing in Grafton built before 1939 ( 16.67%).

Grafton Home Appreciation Rates

Real estate appreciation rates in Grafton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.63% during the period.

NeighborhoodScout's data show that during the latest twelve months, Grafton's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Grafton's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.

Notably, Grafton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Grafton's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

Average Home Values

Median Home Value

$311,081

Grafton, OH Home Prices
> $1,242,000
$931,001 - $1,242,000
$621,001 - $931,000
$497,001 - $621,000
$372,001 - $497,000
$248,001 - $372,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
0.4%
0.4%
0.0%
0.0%
3.2%
3.2%
9.4%
9.4%
19.4%
19.4%
25.7%
25.7%
35.1%
35.1%
6.0%
6.0%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

916

Grafton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,353 / per month

Homeownership Rate

Owners
Renters
35.1%
35.1%
64.9%
64.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.1%
9.1%
90.9%
90.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.7%
24.7%
36.1%
36.1%
22.5%
22.5%
16.7%
16.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
85.7%
85.7%
2.0%
2.0%
6.4%
6.4%
5.9%
5.9%
0.0%
0.0%
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
0.0%
0.0%
1.2%
1.2%
27.1%
27.1%
47.0%
47.0%
22.4%
22.4%
2.3%
2.3%
0% 100.0%
% of Homes