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Gratton

Learn about the people, housing, costs and businesses in Gratton, Virginia

Median Home$139,299
Median Rent$584/month
Population740
Leading IndustriesProfessional Services · Finance & Insurance · Education2% professional services
Home Value Growth+8.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners70% of occupied units
NotableAmenity Score67/100 · highly walkable area
NotableAffordable Market$139k median home · lower cost than 78% of the country
Gratton
VA

Frequently Asked Questions

What are today's mortgage rates in Gratton?

As of today, the 30-year fixed mortgage rate for Gratton is approximately 7.017% (7.057% 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 Gratton?

The median home value in Gratton is $139k. The median monthly rent is $584. Annual property taxes average $780. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gratton?

Home values in Gratton have increased 8.4% 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 Gratton?

Based on a typical all-in ownership cost of $635/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gratton is $42k/year.

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What industries drive the economy in Gratton?

The largest employment sectors in Gratton are public administration (23%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.