The typical owner-occupied home in Grafton is worth about $95,600, 60% below the Nebraska median of $238,600 and 71% below the national median of $332,700. Owners pay a median $956 a year in property taxes, about 1.00% of their home's value, lower than the Nebraska rate of 1.49%. The median household earns $71,667 a year, so the median home costs 1.3 times the median income (3.1 times for Nebraska). 95% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Grafton at a glance
| Grafton | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $95,600 | $238,600 | $332,700 |
| Median property tax paid per year | $956 | $3,549 | $3,119 |
| Property tax as a share of value | 1.00% | 1.49% | 0.94% |
| Median household income | $71,667 | $76,475 | $80,734 |
| Homes lived in by their owners | 95% | 67% | 65% |
| Owner homes with a mortgage | 41% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,038 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 14.0% | 19.5% | 21.0% |
| Median rent | – | $1,072 | $1,413 |
| Median year homes were built | 1963 | 1975 | 1980 |
| Vacant homes | 18.5% | 7.6% | 10.1% |
| Population | 160 | 1,978,707 | 334,922,499 |
What a typical home costs per month in Grafton
At this week's average 30-year rate of 7.11%, buying the median Grafton home of $95,600 with 20% down costs about $634 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $793, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $27,171 for the 20%-down payment. That payment is 11% of the median Grafton household income of $71,667; at that income and 20% down, the 28% guideline points to a home of about $252,000.
| Down payment | $19,120 |
|---|---|
| Loan amount | $76,480 |
| Principal and interest | $514 |
| Property taxes (1.00% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| PMI | $0 |
| Total per month | $634 |
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| Down payment | $3,346 |
|---|---|
| Loan amount | $93,868 |
| Principal and interest | $631 |
| Property taxes (1.00% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $40 |
| FHA mortgage insurance | $42 |
| Total per month | $793 |
Change the numbers in the calculator
Questions about home buying in Grafton
What is the median home value in Grafton?
About $95,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grafton?
Homeowners pay a median $956 a year, which is about 1.00% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Grafton?
For the median home with 20% down at 7.11%, the payment is about $634 a month. Keeping that under 28% of gross income takes about $27,171 a year.
More about Grafton
- Mortgage Refinance in Grafton
- Debt Relief in Grafton
- Home Equity Loans in Grafton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data