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Grafton, WI—53024

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$444,000
4.4% YoY Growth
Household Income
$91,700
15.6% YoY Growth
Days on Market
77
7.0% Shorter YoY
Home Price Forecast
2.4%
Median Rent
$1,200
1.5% YoY Growth
1-Bed Rent
$955
33.3% YoY Growth
2-Bed Rent
$1,200
12.3% YoY Growth
3-Bed Rent
$1,800
12.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Grafton, WI

As of Dec '25, the median home price in Grafton, WI is $444,000, with a year-over-year change of 4.4%. This indicates that home prices in Grafton, WI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$444,0004.4%
Single Family $472,0004.2%
Condos $293,0001.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$286,0001.8%
    3 Bed
    		$395,0004.5%
    4 Bed
    		$545,0004.0%
    5 Bed $600,5564.4%
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    % of Housing Stock

    Studio
    0.7%
    1 Bedroom
    11.1%
    2 Bedrooms
    28.3%
    3 Bedrooms
    38.7%
    4 Bedrooms
    17.1%
    5+ Bedrooms
    4.1%

    Rental Trends — Grafton, WI

    As of July '25, Rentcast reports the average rent in Grafton, WI is $1,340, with a year-over-year rent change of -1.5%. Per bedroom, the median rent as of July '25 in Grafton, WI is studios: $961, 1-bedrooms: $1,060, 2-bedrooms: $1,280, 3-bedrooms: $1,930. The most common rental property sizes in Grafton, WI are 2-bedroom and 1-bedroom, accounting for 54.1% and 29.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,340
    Studio Rent $845$961
    1 Bed Rent $955$1,060
    2 Bed Rent $1,200$1,280
    3 Bed Rent $1,800$1,930
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    2.3%
    1 Bedroom
    29.6%
    2 Bedrooms
    54.1%
    3 Bedrooms
    13.2%
    4 Bedrooms
    0.8%

    Property Listings — Grafton, WI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Grafton, WI is 59. This is a decrease of -13.0% 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 5.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$661,00011.0%
    Listing Count
    		7010.0%
    Listings as % of Homes0.6%10.0%
    Days on Market
    		77-7.0%
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    Demographics — Grafton, WI

    As of the latest ACS Survey released in 2023, Grafton, WI has a population of 19,000, which has increased by 11.9% over the past 5 years. Grafton, WI is a moderately popular place for families, as children make up 21.3% of the population. The area has a highly educated workforce, with 46.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,00011.9%
    % Under 18
    		21.3%-3.2%
    % Seniors
    		21.0%25.7%
    % WFH
    		13.9%157.4%
    % w/ College Degree
    		46.3%-0.4%
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    As of the latest ACS Survey released in 2023, Grafton, WI is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Grafton, WI is hispanic, making up 3.1% of the population. Foreign-born residents account for 3.9% of the population in Grafton, WI, and this percentage has decreased by 15.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		91.1%-0.8%
    % Black
    		1.6%100.0%
    % Hispanic
    		3.1%29.2%
    % Asian
    		1.3%-60.6%
    % Foreign Born
    		3.9%-15.2%
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    Mortgage and Risk — Grafton, WI

    According to HUD data as of 2023, there were 393 mortgage originations in Grafton, WI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Grafton, WI. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		393
    % Conventional Loans
    		94.0%
    % Government Loans
    		6.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Grafton, WI

    Grafton, WI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		87
    Total Units Section 8
    		87
    % Rentals under Section 8
    		3.2%
    % Occupied Section 8
    		89.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$85$955$1,040
    2 Bedroom$40$1,200$1,240
    3 Bedroom-$260$1,800$1,540
    4 BedroomN/AN/A$1,680

    Affordability — Grafton, WI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$444,000
    Median Household Income$91,700

    Grafton, WI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    53080

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    53012

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    Frequently Asked Questions