Market Overview
Home Prices in Grafton, IA
The median home value in Grafton, IA is $183,720 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grafton are priced55% below average. Grafton is part of the Mason City, IA metro area.
Over the past five years, Grafton home values have risen by approximately38.7%, reflecting strong long-term appreciation in this market.
Price History
Grafton Home Price Trend
City Comparison
Grafton vs. National Median
At $183,720, homes in Grafton cost 55% below the national median of $410,000. This makes Grafton a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grafton?
20% Down Payment
$36,744
on $183,720
Monthly P&I
$958/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,217/mo
incl. taxes & insurance
Income Needed
$48,680
gross annual (30% rule)
10% Down Option
$18,372
+ PMI applies
Loan Amount (20% dn)
$146,976
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Grafton, IA?
The median home value in Grafton is $183,720 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Grafton?
Over the past year, home values in Grafton have increased by 5.4%. Over five years, prices have risen approximately 38.7%.
How much do I need to earn to buy a home in Grafton?
To comfortably afford the median home price of $183,720 with a 20% down payment ($36,744) at today's rates (6.8%), you'd need a gross annual income of approximately $48,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Grafton compare to the national average home price?
The national median home value is approximately $410,000. At $183,720, homes in Grafton are 55% below the national average.
What metro area is Grafton part of?
Grafton is part of the Mason City, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.