The typical owner-occupied home in Grafton is worth about $216,100, about the same as the Ohio median of $214,800 and 35% below the national median of $332,700. Owners pay a median $2,509 a year in property taxes, about 1.16% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $90,724 a year, so the median home costs 2.4 times the median income (3.0 times for Ohio). 79% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Grafton at a glance
| Grafton | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $216,100 | $214,800 | $332,700 |
| Median property tax paid per year | $2,509 | $2,822 | $3,119 |
| Property tax as a share of value | 1.16% | 1.31% | 0.94% |
| Median household income | $90,724 | $71,389 | $80,734 |
| Homes lived in by their owners | 79% | 67% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,412 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 18.6% | 21.0% |
| Median rent | $1,089 | $1,034 | $1,413 |
| Rent as a share of renters' income | 21.0% | 28.3% | 30.6% |
| Median year homes were built | 1976 | 1970 | 1980 |
| Vacant homes | 5.1% | 8.1% | 10.1% |
| Population | 5,657 | 11,810,293 | 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 $216,100 with 20% down costs about $1,462 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,822, 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 $62,653 for the 20%-down payment. That payment is 19% of the median Grafton household income of $90,724; at that income and 20% down, the 28% guideline points to a home of about $313,000.
The median rent here is $1,089 a month, so owning the median home costs about $373 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $43,220 |
|---|---|
| Loan amount | $172,880 |
| Principal and interest | $1,163 |
| Property taxes (1.16% a year) | $209 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| PMI | $0 |
| Total per month | $1,462 |
Change the numbers in the calculator
| Down payment | $7,564 |
|---|---|
| Loan amount | $212,186 |
| Principal and interest | $1,427 |
| Property taxes (1.16% a year) | $209 |
| Homeowners insurance (our estimate, 0.5% a year) | $90 |
| FHA mortgage insurance | $96 |
| Total per month | $1,822 |
Change the numbers in the calculator
Questions about home buying in Grafton
What is the median home value in Grafton?
About $216,100 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 $2,509 a year, which is about 1.16% 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 $1,462 a month. Keeping that under 28% of gross income takes about $62,653 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