Grafton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Grafton Neighborhoods Since 2000




Grafton, OH Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Grafton Housing Market Information

With a population of 6,165, 822 total housing units (homes and apartments), and a median house value of $209,818, Grafton real estate is some of the most expensive in Ohio, although Grafton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Grafton, accounting for 81.71% of the village's housing units. Other types of housing that are prevalent in Grafton include row houses and other attached homes ( 8.11%), duplexes, homes converted to apartments or other small apartment buildings ( 5.83%), and a few large apartment complexes or high rise apartments ( 4.34%).

Renters dominate Grafton's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

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 before 1939 ( 23.09%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.29%). There's also some housing in Grafton built between 2000 and later ( 18.97%).

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 -1.30%, 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 2.21%, 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 -0.21%, which equates to an annual appreciation rate of -0.82%.

Relative to Ohio, our data show that Grafton's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$209,818

Grafton, OH HOME PRICES

Value Range
> $1,083,000 1.0
$812,001 - $1,083,000 0.3
$542,001 - $812,000 0.7
$433,001 - $542,000 2.4
$325,001 - $433,000 4.6
$216,001 - $325,000 27.1
$108,001 - $216,000 42.0
$54,001 - $108,000 18.3
$0 - $54,000 3.6

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
29.9308566740888 13.1233595800525

Number Of Homes And Apartments:
822

Grafton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
1.82% 0.10% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$982 / per month

Homeownership Rate

Homeownership
Owners 27.56
Renters 72.44
Vacant 6.06

Housing Market Details

 

Age of Homes

AGE OF Grafton HOMES
2000 or Newer 19.0
1970 - 1999 35.7
1940 - 1969 22.3
1939 or Older 23.1

Types of Homes

TYPE OF Grafton HOMES
Single-Family 81.7
Townhomes 8.1
Small Apt. Buildings 5.8
Apt. Complexes 4.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Grafton HOMES
No Bedroom 0.34
1 Bedroom 5.03
2 Bedrooms 23.54
3 Bedrooms 53.03
4 Bedrooms 16.46
5 or more bedrooms 1.60