Total monthly cost of ownership
Cost to Own a Home in Grafton, North Dakota
A $154,000 home here costs
$1,337per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $792. The real number is $545 higher every month — 69% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Grafton against Walsh County and North Dakota
| Measure | Grafton | Walsh County |
|---|---|---|
| Median home value | $153,800 | $125,700 |
| Median property tax | $1,923 | $1,389 |
| Effective tax rate | 1.250% | 1.105% |
| Median gross rent | $715 | $766 |
| Population | 4,128 | 10,488 |
The weather behind that power bill
Grafton sits in Walsh County, which averages a high of 80.7°F in its hottest month and a low of -3.1°F in its coldest, with 21.74" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 384 cooling and 9,533 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Walsh County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Walsh County
Full Walsh County cost breakdown · Every county in North Dakota
Common questions
How much does it cost to own a home in Grafton?
A $154,000 home in Grafton, North Dakota costs approximately $1,337 per month with 20% down at 6.66%. That is $792 principal and interest, $160 property tax, $66 homeowners insurance, $190 utilities and $128 set aside for maintenance.
What is the property tax rate in Grafton?
Grafton has an effective property tax rate of 1.250%, based on a median home value of $153,800 and median real estate taxes of $1,923. That is higher than the Walsh County average of 1.105%.
What is the average home price in Grafton?
The median owner-occupied home value in Grafton, North Dakota is $153,800, against $125,700 across Walsh County.
Is it cheaper to rent or buy in Grafton?
Median gross rent in Grafton is $715 a month, against $1,337 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Grafton — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for North Dakota.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.