Grafton, WI—53024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grafton, WI
As of Oct '25, the median home price in Grafton, WI is $450,000, with a year-over-year change of 4.3%. This indicates that home prices in Grafton, WI are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $450,000 | 4.3% |
| Single Family | $477,000 | 4.1% |
| Condos | $295,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $288,000 | 1.4% |
3 Bed | $398,000 | 4.5% |
4 Bed | $551,000 | 4.0% |
| 5 Bed | $609,000 | 4.1% |
% of Housing Stock
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.
| Type | Median Rent | Average 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/A | N/A |
% of Rental Stock
Property Listings — Grafton, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Grafton, WI is 44. This is a decrease of -4.0% 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 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $629,000 | 9.0% |
Listing Count | 94 | 1.0% |
| Listings as % of Homes | 0.6% | 1.0% |
Days on Market | 44 | -4.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,000 | 11.9% |
% Under 18 | 21.3% | -3.2% |
% Seniors | 21.0% | 25.7% |
% WFH | 13.9% | 157.4% |
% w/ College Degree | 46.3% | -0.4% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $955 | $1,040 |
| 2 Bedroom | $40 | $1,200 | $1,240 |
| 3 Bedroom | -$260 | $1,800 | $1,540 |
| 4 Bedroom | N/A | N/A | $1,680 |
Affordability — Grafton, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $450,000 |
| Median Household Income | $91,700 |