The housing market in Grafton, IL (zip code: 62037) is an attractive option for potential buyers. The median value of housing in this area is $198,400, which is significantly lower than the national median of $338,100. Although the one year appreciation rate for US housing is 8.27%, the one year appreciation rate for housing in Grafton is 7.96%. This indicates that housing prices are continuing to rise steadily but slightly slower than the nation as a whole. Potential buyers should take advantage of this relatively affordable housing option before prices start to climb further.
The median home cost in Grafton (zip 62037) is $198,400. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Grafton (zip 62037) is up 10.0%.
Average Age of Homes
- The median age of Grafton (zip 62037) real estate is 32 years old
The Rental Market in Grafton (zip 62037)
- Renters make up 20.1% of the Grafton (zip 62037) population
- 0.0% of houses and apartments in Grafton (zip 62037), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.