Quick facts: Grafton, WI

Quick Facts

100.2
Cost of Living
above US average
12,433
Population
9.73
Crime Rate per 1000
below US average
$83,500
Median Income
above US average
$549,900
Median House Price
above US average
$2629.44
Average Rent
above US average
4%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $83,500.

🏠

Income Needed to Buy

βœ— Stretch
$173k/year
Based on $549,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $173k vs median $83,500
🏒

Income Needed to Rent

⚠ Stretch
$113k/year
Based on $2629.44/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $113k vs median $83,500
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Grafton, WI

Grafton is a charming village located in Ozaukee County, Wisconsin, just north of Milwaukee. It boasts a small-town atmosphere while offering access to modern amenities and natural beauty. The village is situated along the Milwaukee River, providing picturesque views and opportunities for outdoor activities such as fishing, kayaking, and hiking. Grafton is known for its vibrant community and family-friendly environment. Residents enjoy a variety of local parks and recreational facilities, including the scenic Lime Kiln Park. The downtown area features unique shops, restaurants, and cultural attractions, contributing to its quaint appeal. The village is also home to a growing population and a strong school system, making it an attractive place for families. With its proximity to Milwaukee, Grafton allows easy access to urban conveniences while maintaining its serene suburban charm. Overall, Grafton offers a perfect blend of nature, community, and accessibility, making it a delightful place to visit or live.

πŸ” Search & Compare Places

First Location πŸ“