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Grafton

Learn about the people, housing, costs and businesses in Grafton, West Virginia

Median Home$139,583
Median Rent$596/month
Population4,526
Leading IndustriesFinance & Insurance · Manufacturing · Information & Media8% finance & insurance
Home Value Growth+6.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners85% of occupied units
NotableTransit81/100 · excellent transit access
NotableAffordable Market$140k median home · lower cost than 78% of the country
Grafton
WV

Frequently Asked Questions

What are today's mortgage rates in Grafton?

As of today, the 30-year fixed mortgage rate for Grafton is approximately 6.999% (7.042% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Grafton?

The median home value in Grafton is $140k. The median monthly rent is $596. Annual property taxes average $698. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grafton?

Home values in Grafton have increased 6.9% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Grafton?

Based on a typical all-in ownership cost of $590/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grafton is $50k/year.

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What industries drive the economy in Grafton?

The largest employment sectors in Grafton are public administration (28%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.