Mortgage Rates in Grafton, North Dakota — March 2026
Updated March 2026 | Based on Grafton market data and regional lending conditions
Grafton is a growing city in North Dakota with a population of 4,095. The current 30-year fixed mortgage rate in Grafton is 6.79%, which is 0.14% above the national average. With a median home price of $171,000 and a 20% down payment of $34,200, homebuyers can expect a monthly principal and interest payment of approximately $891.
Current Mortgage Rates in Grafton, ND
Below are the current average mortgage rates available in the Grafton area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Grafton Housing Market Overview
The Grafton housing market offers relatively affordable housing compared to many major cities. The median household income in Grafton is $55,900, and the cost of living index is 84.4 (national average = 100). Based on the 28% affordability rule, the median income in Grafton is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Grafton
Based on the median home price of $171,000 with 20% down ($34,200), here is what you can expect to pay monthly in Grafton:
15-Year vs. 30-Year Mortgage in Grafton
Choosing a 15-year mortgage in Grafton at 6.02% instead of a 30-year at 6.79% would save you $112,680 in total interest over the life of the loan. However, your monthly payment would be $1,156 instead of $891 — an increase of $265 per month.
Calculate Your Grafton Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Grafton
What are the current mortgage rates in Grafton, ND?
As of March 2026, the average 30-year fixed mortgage rate in Grafton, North Dakota is 6.79%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Grafton?
Based on the median home price of $171,000 with 20% down, the estimated monthly mortgage payment in Grafton is $891 for principal and interest. Including property taxes of $135/month, the total monthly housing cost is approximately $1,026.
What income do I need to buy a home in Grafton?
Using the 28% rule, you would need an annual income of approximately $43,971 to afford the median-priced home in Grafton at $171,000. The median household income in Grafton is $55,900. The median income is currently sufficient to meet this threshold.
Is Grafton a good place to buy a home in 2026?
Grafton offers a below-average cost of living with a cost of living index of 84.4 (national average = 100). The property tax rate in North Dakota is 0.95%, which is near the national average. Grafton has a population of 4,095 and offers a very affordable lifestyle.
Mortgage Rates in Other North Dakota Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Grafton, North Dakota area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.