The typical owner-occupied home in Grafton is worth about $463,600, 46% above the Vermont median of $316,600 and 39% above the national median of $332,700. Owners pay a median $6,563 a year in property taxes, about 1.42% of their home's value, lower than the Vermont rate of 1.59%. The median household earns $114,286 a year, so the median home costs 4.1 times the median income (3.9 times for Vermont). 94% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Grafton at a glance
| Grafton | Vermont | U.S. | |
|---|---|---|---|
| Median home value | $463,600 | $316,600 | $332,700 |
| Median property tax paid per year | $6,563 | $5,039 | $3,119 |
| Property tax as a share of value | 1.42% | 1.59% | 0.94% |
| Median household income | $114,286 | $81,203 | $80,734 |
| Homes lived in by their owners | 94% | 73% | 65% |
| Owner homes with a mortgage | 73% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $2,071 | $1,907 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 21.7% | 21.0% |
| Median rent | – | $1,234 | $1,413 |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 47.5% | 19.4% | 10.1% |
| Population | 82 | 647,106 | 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 $463,600 with 20% down costs about $3,237 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,009, 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 $138,715 for the 20%-down payment. That payment is 34% of the median Grafton household income of $114,286; at that income and 20% down, the 28% guideline points to a home of about $382,000.
| Down payment | $92,720 |
|---|---|
| Loan amount | $370,880 |
| Principal and interest | $2,495 |
| Property taxes (1.42% a year) | $549 |
| Homeowners insurance (our estimate, 0.5% a year) | $193 |
| PMI | $0 |
| Total per month | $3,237 |
Change the numbers in the calculator
| Down payment | $16,226 |
|---|---|
| Loan amount | $455,203 |
| Principal and interest | $3,062 |
| Property taxes (1.42% a year) | $549 |
| Homeowners insurance (our estimate, 0.5% a year) | $193 |
| FHA mortgage insurance | $205 |
| Total per month | $4,009 |
Change the numbers in the calculator
Questions about home buying in Grafton
What is the median home value in Grafton?
About $463,600 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 $6,563 a year, which is about 1.42% 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 $3,237 a month. Keeping that under 28% of gross income takes about $138,715 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