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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 19,815 people, 7,573 houses or apartments, and a median cost of homes of $654,317, real estate costs in Grafton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Grafton, accounting for 62.27% of the town's housing units. Other types of housing that are prevalent in Grafton include row houses and other attached homes ( 14.95%), duplexes, homes converted to apartments or other small apartment buildings ( 11.81%), and a few large apartment complexes or high rise apartments ( 10.98%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grafton. Owner-occupied housing accounts for 71.56% of Grafton's homes, and 63.65% have either three or four bedrooms, which is average sized relative to America.
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 ( 24.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.05%). There's also some housing in Grafton built before 1939 ( 15.22%).
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 6.10% during the period.
NeighborhoodScout's data show that during the latest twelve months, Grafton's appreciation rate, at 6.17%, has been at or slightly above the national average. In the latest quarter, Grafton's appreciation rate has been 3.22%, which annualizes to a rate of 13.53%.
Importantly, this makes Grafton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Massachusetts, our data show that Grafton's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.
$654,317
for Massachusetts
for nation
7,573
$2,226 / per month