Grafton, IL—62037
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grafton, IL
As of Oct '25, the median home price in Grafton, IL is $262,000, with a year-over-year change of 3.0%. This indicates that home prices in Grafton, IL are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 3.0% |
| Single Family | $254,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $286,000 | 2.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grafton, IL
Grafton, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Grafton, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Grafton, IL is 97. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $339,000 | -7.0% |
Listing Count | 18 | 41.0% |
| Listings as % of Homes | 0.5% | 41.0% |
Days on Market | 97 | 44.0% |
Demographics — Grafton, IL
As of the latest ACS Survey released in 2023, Grafton, IL has a population of 1,680, which has decreased by -23.7% over the past 5 years. Grafton, IL is a moderately popular place for families, as children make up 16.9% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,680 | -23.7% |
% Under 18 | 16.9% | -8.2% |
% Seniors | 29.8% | 52.8% |
% WFH | 20.6% | 357.8% |
% w/ College Degree | 26.7% | 90.7% |
As of the latest ACS Survey released in 2023, Grafton, IL is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Grafton, IL is black, making up 1.1% of the population. Foreign-born residents account for 0.4% of the population in Grafton, IL, and this percentage has decreased by 42.9% 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 | 93.2% | -2.0% |
% Black | 1.1% | -45.0% |
% Hispanic | 0.8% | 0.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.4% | -42.9% |
Mortgage and Risk — Grafton, IL
According to HUD data as of 2023, there were 20 mortgage originations in Grafton, IL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Grafton, IL. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 20 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 0.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Grafton, IL
Grafton, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 26 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Grafton, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $262,000 |
| Median Household Income | $71,800 |