Village in Ozaukee County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $462,431 |
|---|---|
| 1-year change | +5.5% |
| 5-year change | +32.1% |
| Typical rent | $1,665 per month |
| Gross rent yield | +4.3% |
The typical home in Grafton, Wisconsin is worth about $462,431 as of 2026-07-03, up 5.5% over the past year and up 32.1% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Grafton carries one of the larger county premiums in this price range: its typical home value of $462,431 runs about $38,800 — roughly 9% — above the Ozaukee County median of $423,678 as of April 30, 2026. Only two Ozaukee municipalities price higher; Grafton ranks 3 of 8.
Growth has been strong on both horizons: 5.5% over the past year and 32.1% over five years. The village also clears the seven-county regional median of $455,834 by about $6,600.
Grafton is one of the markets in this batch with full rental data. Typical rent is $1,665 per month village-wide, producing a gross rent yield of 4.32% against the typical value — a usable baseline for anyone underwriting an investment here.
The county gap is the story. At $462,431 versus a $423,678 county median, Grafton prices about 9% above typical Ozaukee County — and its rank of 3 of 8 confirms it sits near the top of the county's ladder. The nearest peers all cluster well below: Thiensville (village) at $423,678, Fredonia (village) at $418,946, Belgium (village) at $413,805, and Saukville (village) at $412,788. Grafton's premium over that peer group runs $38,000 to $50,000.
Appreciation has compounded steadily: 32.1% over five years, 5.5% in the last twelve months. ZIP 53024 actually prices above the village-wide figure — $471,048 typical value with $1,790 typical rent — so the higher-valued segment of the market sits within that ZIP.
On the income side, the village-wide rent of $1,665 per month against a $462,431 typical value yields 4.32% gross. In ZIP 53024, $1,790 rent pairs with the $471,048 value. These are gross figures before taxes, insurance, and maintenance — but they let an investor compare Grafton against other markets on a consistent basis.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53024 | $471,048 | +5.4% | $1,790/mo |
| Homes sold (arms-length, single-family) | 278 |
|---|---|
| Median sale price | $442,750 |
| Middle 50% of sales | $308,500 to $655,000 |
| Government-backed financing (FHA/VA/USDA) | 1.4% |
| Seller-financed | 0.4% |
Over the 12 months ending June 2026, 278 single-family homes sold in Grafton, Wisconsin in arms-length transactions, at a median price of $442,750. Half of those sales fell between $308,500 and $655,000. Source: Wisconsin Department of Revenue real estate transfer returns, compiled by Sawar Homes — every recorded sale, including for-sale-by-owner and builder-direct transactions that never appear in the MLS.
Zillow’s typical-home-value estimate for Grafton is $462,431, while homes that actually changed hands had a median price of $442,750 — a difference of -4.3%. These measure different things, and neither is wrong: the index estimates the value of every home whether or not it sold, while the sale figure reflects only the homes that changed hands, which usually skew toward the more affordable end of the market.
For buyers: understand what the premium buys before paying it. Grafton costs $38,000 to $50,000 more at the typical-value level than Saukville, Belgium, Fredonia, or Thiensville. The 32.1% five-year growth suggests the market has supported that premium, though past results do not guarantee future ones. Investors should note the 4.32% gross yield and the ZIP 53024 numbers ($471,048 value, $1,790 rent) when running the math on a specific property.
For sellers: a rank-3-of-8 county position and a 9% premium over the county median give Grafton listings a strong comparative story, and the 5.5% one-year gain shows the market is still moving. If your property is in ZIP 53024, the relevant benchmark may be $471,048 rather than the $462,431 village figure — an $8,600 difference worth capturing at list. I price Grafton listings against both benchmarks plus current actives before recommending a number.
The Milwaukee River bends right through downtown Grafton, where Paramount Plaza and the Paramount Records Walk of Fame anchor the shops and restaurants along Wisconsin Avenue. Lime Kiln Park adds waterfalls, historic lime-kiln ruins, and riverside trails at the south end of the village, and the Ozaukee Interurban Trail rolls through town for cyclists. I-43 along the village's edge makes a straight shot south to Milwaukee.
Dates and details change year to year — check each event’s organizers for current schedules.
As of April 30, 2026, the typical home value in Grafton is $462,431. In ZIP 53024, the typical value is higher, at $471,048.
Yes. Grafton ranks 3rd of 8 Ozaukee County municipalities by typical value and prices about $38,800 above the county median of $423,678.
Typical rent is $1,665 per month village-wide ($1,790 in ZIP 53024), which works out to a gross rent yield of 4.32% against the typical home value. That is before taxes, insurance, and maintenance.
Values rose 5.5% over the past year and 32.1% over the past five years. Past appreciation does not guarantee future results.
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Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®, serving Milwaukee and Southeast Wisconsin (Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha, and Walworth counties). Email: [email protected] · Phone: (618) 713-2964.
How to choose a real estate agent in Grafton and Milwaukee — a five-question checklist
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Home values and rents are Zillow ZHVI/ZORI estimates for the named area, as of 2026-07-03; incomes and population are U.S. Census (SAIPE, Population Estimates); migration is IRS Statistics of Income. Area-level statistical estimates for information only — not an appraisal, and not financial, legal, or tax advice.