Gray, LA—70359
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gray, LA
As of Oct '25, the median home price in Gray, LA is $218,000, with a year-over-year change of -0.4%. This indicates that home prices in Gray, LA are flat. According to Zillow, the 1-year price projection is -5.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | -0.4% |
| Single Family | $218,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gray, LA
As of July '25, Rentcast reports the average rent in Gray, LA is $1,480, with a year-over-year rent change of -26.0%. Per bedroom, the median rent as of July '25 in Gray, LA is 3-bedrooms: $1,440, 4-bedrooms: $1,550. The most common rental property sizes in Gray, LA are 3-bedroom and 2-bedroom, accounting for 59.4% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,250 | $1,440 |
| 4 Bed Rent | $1,300 | $1,550 |
% of Rental Stock
Property Listings — Gray, LA
As of Oct '25, Realtor.com reports that the median days on market for a home in Gray, LA is 66. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $229,000 | 7.0% |
Listing Count | 55 | 54.0% |
| Listings as % of Homes | 0.6% | 54.0% |
Days on Market | 66 | -4.0% |
Demographics — Gray, LA
As of the latest ACS Survey released in 2023, Gray, LA has a population of 9,470, which has increased by 12.2% over the past 5 years. Gray, LA is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,470 | 12.2% |
% Under 18 | 24.1% | -15.1% |
% Seniors | 12.3% | 18.3% |
% WFH | 5.1% | 82.1% |
% w/ College Degree | 13.7% | -4.9% |
As of the latest ACS Survey released in 2023, Gray, LA is a predominantly white area, with 54.5% of the population identifying as white. The white population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in Gray, LA is black, making up 30.0% of the population. Foreign-born residents account for 2.4% of the population in Gray, LA, and this percentage has increased by 118.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.5% | -11.4% |
% Black | 30.0% | 16.7% |
% Hispanic | 6.6% | 22.2% |
% Asian | 0.8% | 700.0% |
% Foreign Born | 2.4% | 118.2% |
Mortgage and Risk — Gray, LA
According to HUD data as of 2023, there were 153 mortgage originations in Gray, LA, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Gray, LA. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 153 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Gray, LA
Gray, LA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,260 |
| 3 Bedroom | $270 | $1,250 | $1,520 |
| 4 Bedroom | $370 | $1,300 | $1,670 |
Affordability — Gray, LA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $218,000 |
| Median Household Income | $54,100 |