Gray Court, SC—29645
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gray Court, SC
As of Oct '25, the median home price in Gray Court, SC is $201,000, with a year-over-year change of -16.2%. This indicates that home prices in Gray Court, SC are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $201,000 | -16.2% |
| Single Family | $201,000 | -15.2% |
| 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 | $242,000 | 3.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Gray Court, SC
As of July '25, Rentcast reports the average rent in Gray Court, SC is $1,180, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Gray Court, SC is studios: $325, 2-bedrooms: $1,580, 3-bedrooms: $1,220. The most common rental property sizes in Gray Court, SC are 3-bedroom and 2-bedroom, accounting for 60.6% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,180 |
| Studio Rent | $325 | $325 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $1,580 |
| 3 Bed Rent | $950 | $1,220 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gray Court, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Gray Court, SC is 46. This is a decrease of -31.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $342,000 | 0.0% |
Listing Count | 47 | 68.0% |
| Listings as % of Homes | 0.3% | 68.0% |
Days on Market | 46 | -31.0% |
Demographics — Gray Court, SC
As of the latest ACS Survey released in 2023, Gray Court, SC has a population of 11,200, which has increased by 16.3% over the past 5 years. Gray Court, SC is a moderately popular place for families, as children make up 23.1% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | 16.3% |
% Under 18 | 23.1% | 0.4% |
% Seniors | 17.1% | 25.7% |
% WFH | 6.1% | 144.0% |
% w/ College Degree | 14.8% | 31.0% |
As of the latest ACS Survey released in 2023, Gray Court, SC is a predominantly white area, with 74.4% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Gray Court, SC is black, making up 12.2% of the population. Foreign-born residents account for 4.9% of the population in Gray Court, SC, and this percentage has increased by 104.2% 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 | 74.4% | -0.5% |
% Black | 12.2% | -35.1% |
% Hispanic | 11.2% | 148.9% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.9% | 104.2% |
Mortgage and Risk — Gray Court, SC
According to HUD data as of 2023, there were 206 mortgage originations in Gray Court, SC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Gray Court, SC. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 206 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Gray Court, SC
Gray Court, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | $190 | $900 | $1,090 |
| 3 Bedroom | $400 | $950 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Gray Court, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $201,000 |
| Median Household Income | $59,600 |