Much like other places in this area, it is substantially less expensive compared to the US as a whole. Compared to the city of Grand Forks, it's significantly less expensive.
Home prices
Grafton's median home price is $84,700. It is roughly $1,280 (1%) higher in comparison to other places in this area.It is approximately $132,800 (61%) lower compared to the entire country, and it is about $125,600 (59%) lower compared to the city of Grand Forks.
Rents
In Grafton the median monthly rent is $676. Compared to its nearby areas this is roughly $42 (5%) lower.In comparison to the US as a whole it is approximately $386 (36%) lower, and it is about $135 (16%) lower in comparison to the city of Grand Forks.
Nearby places
Minto
Minto is roughly 7 miles south from Grafton. Housing prices there are somewhat more expensive. The median home price in Minto is $112,100, which works out to $27,400 (24%) higher than Grafton. The rent there is somewhat more expensive. The median rent in Minto is $775 a month, which works out to $99 (12%) higher than Grafton.
Hoople
Hoople is roughly 11 miles northwest from Grafton. The real estate prices there are a lot less expensive. Hoople's median home cost is $62,100, which comes out to $22,600 (36%) lower than Grafton. Rents there are a bit more expensive. Hoople's median monthly rent is $807, which is $131 (16%) higher than Grafton.
St. Thomas
St. Thomas is approximately 12 miles north from Grafton. Housing prices there are somewhat less expensive. The price of the median home in St. Thomas is $64,300, which is $20,400 (31%) lower than Grafton. The rent there is similar. In St. Thomas the median rent is $703 per month, which comes out to $27 (3%) higher than Grafton.
Drayton
Drayton is roughly 12 miles northeast of Grafton. Its housing prices are a bit more expensive. The median home value in Drayton is $94,500, which works out to $9,800 (10%) higher than Grafton. The rent there is a little less expensive. The median monthly rent in Drayton is $535, which comes out to $141 (26%) lower than Grafton.
Park River
Park River is about 13 miles west of Grafton. Its real estate prices are fairly similar. The median home in Park River costs $84,100, which is very similar to Grafton. Its rents are a bit more expensive. The median rent in Park River is $768 per month, which works out to $92 (11%) higher than Grafton.
