The Most Affordable Neighborhoods in Grafton, NY by Home Value

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 $223,478, lower than the New York average of $610,895.

The average cost of rent is $1,112/mo in Grafton, primarily driven by the current value of real estate in the Grafton area. In Grafton, 6.39% of households rent, and 55.20% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Grafton is $8,381 per month. Households that rent pay about 13.27% of their income on rent here. Grafton’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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