Mortgage payment estimates, closing cost breakdowns, and homebuying data for Grafton, North Dakota.
Pre-filled with Grafton median home price and North Dakota tax/insurance rates. Adjust for your property.
Estimated closing costs based on North Dakota rates and fees applied to Grafton prices.
The median home price in Grafton is $145,000, 43% below the North Dakota state median of $255,000. With a population of 4,284, Grafton is a smaller market where home prices tend to be more accessible than in many parts of North Dakota.
Property taxes in North Dakota average 0.98% annually. This moderate property tax rate means a $145,000 home in Grafton would carry roughly $118/month in property taxes. Homeowners insurance in North Dakota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Grafton is $650/month. The price-to-rent ratio in Grafton is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Grafton offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with North Dakota's NDHFA FirstHome program.