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These days, finding an affordable place to live in the Grafton area can be challenging. Home prices in Grafton are now at a median cost of $243,940, lower than the Illinois average of $300,242.
The average cost of rent is $684/mo in Grafton, primarily driven by the current value of real estate in the Grafton area. In Grafton, 15.02% of households rent, and 48.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grafton is $6,054 per month. Households that rent pay about 11.30% of their income on rent here. Grafton’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Otterville, IL: less expensive homes
- Elsah, IL: less expensive homes
- Dow, IL: less expensive homes
- Portage Des Sioux, MO: equally priced homes
- McClusky, IL: less expensive homes
- Orchard Farm, MO: less expensive homes
- Rosedale, IL: equally priced homes
- Deer Plain, IL: less expensive homes
- South Shore, MO: less expensive homes
- Fieldon, IL: less expensive homes
Cities with Similar Populations
- Shaw Mills, ME: higher priced homes
- Killington, VT: higher priced homes
- Kite, GA: less expensive homes
- Lake Benton, MN: less expensive homes
- Lakehead, CA: higher priced homes
- Langley, OK: less expensive homes
- Sandstone, MI: equally priced homes
- Santa Clara, TX: higher priced homes
- Seiling, OK: less expensive homes
- Kerr Hill, MI: higher priced homes
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