Grafton, MA—01560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grafton, MA
As of Oct '25, the median home price in Grafton, MA is $576,000, with a year-over-year change of 2.4%. This indicates that home prices in Grafton, MA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $576,000 | 2.4% |
| Single Family | $662,000 | 3.3% |
| Condos | $493,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $445,000 | 3.0% |
3 Bed | $527,000 | 3.3% |
4 Bed | $818,000 | 2.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grafton, MA
As of July '25, Rentcast reports the average rent in Grafton, MA is $2,700, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Grafton, MA is 2-bedrooms: $2,560, 3-bedrooms: $2,530, 4-bedrooms: $3,000. The most common rental property sizes in Grafton, MA are 2-bedroom and 3-bedroom, accounting for 59.5% and 27.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,380 | $2,560 |
| 3 Bed Rent | $2,700 | $2,530 |
| 4 Bed Rent | $2,800 | $3,000 |
% of Rental Stock
Property Listings — Grafton, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Grafton, MA is 46. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 60.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $532,000 | -9.0% |
Listing Count | 10 | 230.0% |
| Listings as % of Homes | 0.1% | 230.0% |
Days on Market | 46 | -5.0% |
Demographics — Grafton, MA
As of the latest ACS Survey released in 2023, Grafton, MA has a population of 4,910, which has increased by 11.7% over the past 5 years. Grafton, MA is a moderately popular place for families, as children make up 23.3% of the population. The area has a highly educated workforce, with 46.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,910 | 11.7% |
% Under 18 | 23.3% | -9.0% |
% Seniors | 13.2% | -1.5% |
% WFH | 17.7% | 210.5% |
% w/ College Degree | 46.4% | -8.7% |
As of the latest ACS Survey released in 2023, Grafton, MA is a predominantly white area, with 65.6% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Grafton, MA is asian, making up 16.4% of the population. Foreign-born residents account for 18.4% of the population in Grafton, MA, and this percentage has increased by 2.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.6% | -6.4% |
% Black | 2.9% | -21.6% |
% Hispanic | 3.3% | -52.9% |
% Asian | 16.4% | 13.1% |
% Foreign Born | 18.4% | 2.8% |
Mortgage and Risk — Grafton, MA
According to HUD data as of 2023, there were 78 mortgage originations in Grafton, MA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Grafton, MA. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 78 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Grafton, MA
Grafton, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 95.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,340 |
| 2 Bedroom | -$650 | $2,380 | $1,730 |
| 3 Bedroom | -$590 | $2,700 | $2,110 |
| 4 Bedroom | -$470 | $2,800 | $2,330 |
Affordability — Grafton, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $576,000 |
| Median Household Income | $98,900 |